[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-254141-105":53,"doc-detail-254141-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","monthly-to-biweekly-pay-transition-faq","Monthly to Biweekly Pay Transition FAQ","","Monthly to biweekly pay transition FAQ explains whether employees must change pay frequency, how the change benefits budgeting, and how salaried pay amounts are calculated across biweekly pay periods. It details preparation steps, including reviewing the new payday schedule and adjusting personal bill timing. The FAQ clarifies budget neutrality for the FY24 period, addresses why biweekly amounts may differ from monthly, discusses cash-flow effects across the year, and provides guidance for updating tax withholdings and election forms by the stated deadline. 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This is not an optional change.  \nHow Does This Benefit Employees?  \nFirst, the college expects that most employees, after making initial adjustments to align with the bimonthly payroll schedule, will find the more frequent payroll distribution makes budgeting easier when compared to receiving pay only once a month. Second, this change provides more opportunities for increased earnings in retirement contributions, as half of the monthly contributions will be made earlier in the month, allowing more time for benefits to potentially grow.  \nWill monthly employees be paid hourly?  \nNo, salaried employees will still be paid a set amount not determined by hours entered on their timesheet. Salaried employees will take their annual salary divided by 26 pay periods (or 20 pay periods if 9-month paid over 9-months) in the year to calculate their biweekly pay.  \nWhat should I do, as an employee, to prepare for this change?  \nYou can start putting away funds now or making plans within your personal budget to account for this pay frequency change.  \nYou can determine when your bills are due/when auto-drafts are made and make any changes necessary to your bill pay schedule. Make sure you’re familiar with the new payday schedule and the employee resources on the Payroll website.  \nHow does this affect my Allegheny College departmental budget?  \nThis change should not impact your budget as the salary expenses for FY24 will be neutral.  \nMy biweekly rate is less than 1/2 of my monthly paycheck. Why?  \nThere are 26 biweekly pay periods during the calendar year, which results in ten months having two biweekly paychecks and two months with three paychecks. To calculate your gross biweekly paycheck amount you would take your annual salary and divide by 26. So, as an example if your annual salary is $50k (monthly gross paycheck is $4166.67), your biweekly paycheck would be $1923.08. For months that have two biweekly paychecks you would receive $3846.15. For months that have three biweekly paychecks you would receive $5769.23. *If you are a 9-paid-in-9 faculty, you would take your annual salary divided by 20 pay periods.  \nDo I have less money per month on the biweekly schedule?  \nThe amount of pay you have on any given date may be different on the new schedule, but it is not necessarily less. Because you will be paid more frequently on a biweekly schedule, there are actually~329 days out of the year that you will have more of your pay in your possession under the biweekly schedule than the monthly schedule.  \nI have additional tax withholdings taken out of my paychecks, is there anything I need to do to update this when I start getting paid biweekly instead of monthly?  \nFor 12-month employees transitioning to biweekly, if you have additional federal and/or state withholdings you will need to complete the W-4 form (in the forms section) by June 21, 2024, and update the amount to reflect 26 pay period versus 12. This form should be completed and given to the Office of Human Resources no later than June 21, 2024. If you do not make this change, then your current withholding will occur for all 26 pay periods.  \nAm I getting paid for all of my time worked? Will there be furloughs during this transition period?  \nEmployees will be paid for all time worked during this transition.  \nIs there a tool I can use to see what my paycheck will look like when I transition to being paid biweekly?  \nYes, you can use salary calculators like what is provided by PaycheckCity: Calculate your Pay  \nPlease keep in mind your benefit deductions, garnishments (if applicable), retirement contributions, etc. when using this calculator.  \nRemember  \n● Since this change may impact your cash flow, review your budget and financial obligations and contact your financial institutions and other related businesses ahead of time. If necessary, make adjustments as needed to ensure your bill payment s","cbCaijbtYI5i6SLi","https://ap.wps.com/l/cbCaijbtYI5i6SLi","pdf",397905,"English","# Monthly to Biweekly Pay Transition FAQ’s\n## Pay Frequency and Employee Impact\n## Biweekly Pay Calculation and Cash Flow\n## Preparation Steps and Tax/Election Updates","[{\"question\":\"Do I have to change pay frequency from monthly to biweekly?\",\"answer\":\"Yes. The change is not optional and applies to the transition to the biweekly payroll schedule.\"},{\"question\":\"How is biweekly pay calculated for salaried employees?\",\"answer\":\"Salaried employees remain paid a set amount. Their annual salary is divided by 26 pay periods (or by 20 pay periods for 9-month employees paid over 9 months) to calculate biweekly pay.\"},{\"question\":\"What do employees need to do about tax withholdings when moving to biweekly pay?\",\"answer\":\"12-month employees transitioning to biweekly must complete the W-4 form by June 21, 2024 to reflect 26 pay periods instead of 12. The updated form must be submitted to the Office of Human Resources no later than that date.\"}]","Monthly to Biweekly Pay Transition FAQ | PDF",1789275282]