Employee Toolbox

Bi-Weekly Pay Information & Self Help - Information for employees on bi-weekly pay including tools, guidance, checklists, and calendars

Suggested Use:

  1. Use the Bi-Weekly Net Pay Estimator to calculate your cash flow.
  2. Map out the timing of your personal expenses to compare to cash flow to identify when you may be short and by how much.
  3. 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 contributions.
  4. Enter the desired amounts on the Mid-Month Draw Reduction form or follow the instructions on how to change your Deferred Compensation Contributions rates.

Deferred Compensation

There are two reasons you may want to change your deferred compensation contributions to either your 457 plan or your 401(k) plan.

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 benefits@cityofboise.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 updated.

More information on Deferred Compensation

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