Workshops to Offer Details on Upcoming Employee Paycheck Changes
February 8, 2021
UW System recently announced benefits deduction and payroll frequency changes for employee paychecks. Benefits deductions will be split evenly between biweekly paychecks for all employees and paycheck frequency will change for employees who are currently paid monthly.
If you are currently paid biweekly, most deductions for benefits such as health, dental, vision, and life insurance will be split evenly over the first two biweekly paychecks each month starting with your April 22, 2021, paycheck. Learn more about how this will affect you and your paycheck on the Split Benefits Deductions resources website.
If you are currently paid monthly, you will be paid on a biweekly schedule beginning in July. Learn more about when these changes to your paycheck will go into effect on the Single Payroll resources website.
Town Hall Meeting for Split Benefits Deductions – February 16
A virtual Split Benefits Deductions Town Hall Meeting was held Tuesday, February 16 for current biweekly paid employees. View the presentation slides and video to learn when split benefits deductions go into effect, how your paycheck will be affected, and information on preparing for the change.
Town Hall Meetings Schedule for Single Payroll Change
If you are currently paid monthly, attend one of four virtual Single Payroll Town Hall Meetings. Learn how you will be paid during the transition, how the new payroll schedule will affect your paycheck, and what you can do to prepare for the change. Each session will provide the same information. Each session will have a different topic of focus based on how you are paid. Please attend the session that applies to you. Go the Single Payroll resources website to join one of these town hall meetings:
Wednesday, March 3, Noon-1:00 PM - Overview for All Employees Paid Monthly
Tuesday, May 4, 8:00-9:00 AM - Information for 9-Month Contract Employees
Thursday, May 13, 4:00-5:00 PM - Information for 12-Month Contract Employees
Monday, May 17 1:00-2:00 PM - Open Session for all Employees Paid Monthly
Spending and Savings Plan Workshops
UW System is teaming with UW Credit Union Financial Mentors to help you plan for changes in your paycheck. The Spending and Savings Plan Workshops will help you create a spending and savings plan that works for you. You must register for the workshop. You can register right up until the workshop starts.
Get More Information on Your Payroll Change
Visit the payroll change website that corresponds to your current pay schedule to get FAQs, Personal Budget Planning Seminars, Town Hall Meeting Schedule, and Paycheck Schedule.
Source: UW System Human Resources
Categories: Payroll