Benefits Deduction Holiday - Biweekly Benefits-Eligible Employees
Starting in 2022, most benefits deductions are now deducted over 24 pay periods instead of 26 pay periods for non-exempt, benefits-eligible employees who are paid on a biweekly basis. Benefits deductions are now only taken from the first two paychecks of each month. This results in a “benefits deduction holiday”, typically twice a calendar year, when three biweekly pay dates fall within the same month.
The remaining biweekly benefits deduction holiday in 2022 is:
- September 30, 2022
On these dates, your take-home pay will likely be higher. Please note that percentage-based deductions, retirement plan deductions, garnishments, and other mandated deductions such as taxes are always taken from every paycheck.
Please contact payroll@tulane.edu with any questions.