Information & Self Help - Information for
employees on bi-weekly pay including tools, guidance, checklists,
- Use the Bi-Weekly Net Pay Estimator to calculate your cash
- Map out the timing of your personal expenses to compare to cash
flow to identify when you may be short and by how much.
- Use the Bi-Weekly Net Pay Estimator "Effect of Mid-Month Draw
Reduction" section to determine when and how much, if any, you want
to reduce your mid-month draw or deferred compensation
- Enter the desired amounts on the Mid-Month Draw Reduction form
or follow the instructions on how to change your Deferred
Compensation Contributions rates.
There are two reasons you may want to change your deferred
compensation contributions to either your 457 plan or your 401(k)
If an employee's contribution is a set dollar amount it will
need to be converted to it's bi-weekly equivalent. To
calculate the bi-weekly equivalent the current monthly amount is
multiplied by 12 then divided by 26. For example: If
the monthly contribution amount is $100 then the bi-weekly
equivalent is $100 x 12 / 26 - $46 per bi-week.
Changes can be made through the Employee Self Service link on
the Inside page under Savings Plans, or click on the link below.
If you have questions about this you can email firstname.lastname@example.org.
Prior to moving to bi-weekly, employees with a set dollar amount
in either the Savings Plan, W-4 or Direct Deposit will be contacted
directly with instructions and any applicable forms that need to be
More information on Deferred Compensation