5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) level V of the Executive Schedule. AD-1095. G*+7Od).Y 0000019265 00000 n 2023 Biweekly Payroll Calendar Template. 0000022626 00000 n No matter what schedule you choose, its helpful to have a calendar handy to plan out your paydays in advance. information, make sure you're on a federal government site. pmHh9`6k w IkT !Fr}he` For example, in Los Angeles, the GS-15, step 10, scheduled annual locality rate of $136,466 divided by 2,087 hours yields an hourly rate of $65.39 and a biweekly rate of $5,231.20 ($65.39 x 80 hours). 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. endstream endobj 208 0 obj <>/Filter/FlateDecode/Index[6 181]/Length 29/Size 187/Type/XRef/W[1 1 1]>>stream 5538, originally issued on December 8, 2009, via memorandum to agency Chief Human Capital Officers, and most recently amended and reissued on June 23, 2015. Email messages to this list server are not accepted. (And heads up, were about to get a bit technical. 209 0 obj <>stream These schedules, however, may require more admin work to do weekly payroll processingunless you have a service like Hourly, which will do it automatically for you, however often you want. 0000046173 00000 n WebPAY PERIOD CALENDAR 2024 Month Pay S Period M TW FS JAN 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1819 20 21 22 23 24 25 26 27 28 29 30 31 FEB 1 2 3 4 5 6 7 8 9 10 The table below provides the biweekly premium pay caps for 2005 by locality pay area. These caps are effective as of the first pay period beginning on or after January 1, 2003. On May 29, 2023 which falls on a Monday, Memorial Day will be a federal holiday. rrVPNL9 RAiO"C.3 aKqKr11G`U4\kuz/?b8)J! 0000041688 00000 n Similarly, the Executive Schedule level V annual rate of $165,300 divided by 2,087 hours yields an hourly rate of $79.20 and a biweekly rate of $6,336.00 ($79.20 x 80 hours). 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. 6323(b), sick leave may not be used during a period of duty as a reservist that meets the conditions in that subsection. In certain emergency or mission critical situations, an agency may apply an annual premium pay cap instead of a biweekly premium pay cap, subject to the conditions provided in law and regulation. For example, in Washington, DC, the GS-15, step 10, annual locality rate of $143,471 divided by 2,087 hours yields an hourly rate of $68.75 and a biweekly rate of $5,500 ($68.75 x 80 hours). For example, in Atlanta, GA, the GS-15, step 10, annual locality rate of $172,500 divided by 2,087 hours yields an hourly rate of $82.65 and a biweekly rate of $6,612.00 ($82.65 x 80 hours). So, when you hire new employees, its more likely that theyve experienced this pay frequency before, making that part of their transition seamless. Lets say the tax withholding for this employee includes 7.65% for Social Security and Medicare (FICA taxes) and 12% for federal income tax. Similarly, the Executive Schedule Level V annual rate of $150,200 divided by 2,087 hours yields an hourly rate of $71.97 and a biweekly rate of $5,757.60 ($71.97 x 80 hours). The payroll platform automatically calculates wages and pays your workers, and takes care of your payroll taxescutting down on the time, energy, and resources needed to run payroll.. ` _ What is Pay Frequency/ Pay Period? If you look at how many pay periods there should be in a year, it turns out its a little over 26., In other words, when you take the 365 days in a year and divide by the 14 days per period, you get 26.071 (not an equal 26) pay dates per year. Under 5 U.S.C. Similarly, the Executive Schedule Level V annual rate of $153,800 divided by 2,087 hours yields an hourly rate of $73.69 and a biweekly rate of $5,895.20 ($73.69 x 80 hours). 0000001692 00000 n That extra .071 is less than 10% of a single pay period. 0000001292 00000 n The new pay rates became effective January The table below provides the biweekly premium pay caps for 2011 by locality pay area. WebWeeks in Pay Period 5 Monthly Pay Date July 20, 2023. 0000011985 00000 n Calendar for January 2023 (United States) Printing Help page for better print results. For example, under a given agencys payroll cycle, the biweekly pay period covering December 18, 2022, through December 31, 2022, may be the first biweekly pay period with a payroll pay date in calendar year 2023 (e.g., January 6, 11, etc.). 0000019162 00000 n The table below provides the biweekly and annual premium pay caps for 2016 by locality pay area. For example, in Atlanta, GA, the GS-15, step 10, annual locality rate of $170,800 divided by 2,087 hours yields an hourly rate of $81.84 and a biweekly rate of $6,547.20 ($81.84 x 80 hours). Locality rates under 5 U.S.C. Webend of pay period 2023 payroll schedule holidays june september october november march december january april july february WebSince one year has 52 weeks, the biweekly pay schedule has 26 pay periods during the calendar year. WebWeekly pay results in 52 pay periods per year and is commonly used by employers who have hourly workers. For example, in Washington, DC, the GS-15, step 10, scheduled annual locality rate of $139,774 divided by 2,087 hours yields an hourly rate of $66.97 and a biweekly rate of $5,357.60 ($66.97 x 80 hours). Choosing the right payroll schedule for your small business is important in managing your administrative work and keeping employee satisfaction up. For example, in Washington, DC, the GS-15, step 10, scheduled annual locality rate of $135,136 divided by 2,087 hours yields an hourly rate of $64.75 and a biweekly rate of $5,180.00 ($64.75 x 80 hours). Issue Date Sep 19, 2022. Based on those statements, the employing agency must determine the actual paid gross amount of military pay and allowances allocable to each pay period in a qualifying period. To unsubscribe to the list send an email to: listserv@listserv.opm.gov. This can help them determine if theyre on track to pay rent, their bills and any other expensesor if they need to pick up more work before the month is over. 5376, Alert: Paysetting for FWS to GS Movements, NAFI Employees Moving to General Schedule (GS) Positions - Setting Pay, Official Worksite for Location-Based Pay Purposes, Pay Action Examples in the Federal Wage System, Pay Action Examples Other than Promotions and Grade and Pay Retention, Rates of Pay to Use in Processing Pay Actions, Retention Incentives (likely to leave the Federal service), Retention Incentives (likely to leave for a different Federal position), Group Retention Incentives (likely to leave for a different Federal position), Recruitment, Relocation, and Retention Incentives: Coverage of Non-General Schedule Employees Under Single-Agency Pay Systems, Recruitment, Relocation, and Retention Incentives Oversight and Accountability, Special Conversion Rules For Certain Non-GS Employees, Superior Qualifications and Special Needs Pay-Setting Authority, Compensatory Time Off for Travel - Examples, Compensatory Time Off for Travel - Questions & Answers to Fact Sheet, Federal Holidays - Work Schedules and Pay, Guidance on Applying FLSA Overtime Provisions to Law Enforcement Employees Receiving Administratively Uncontrollable Overtime Pay, Night Shift Differential for Federal Wage System Employees, A covered employee is absent from a Federal civilian position in order to perform active duty in the uniformed services pursuant to a call or order to active duty under section 331, 332, 333, 688, 12301(a), 12302, 12304, 12304a, 12305, or 12406, of title 10, United States Code, and is serving on such qualifying active duty; and. According to the U.S. Bureau of Labor Statistics, 43% of businesses use the biweekly pay schedule, making it the most common payroll schedule. 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. Web2023 Pay Period Calendar Pink = Holiday Blue = Last day of pay period Red = Holiday & Last day of pay period Green = Pay Day EVENT DATES ARE SUBJECT TO CHANGE 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate for (1) GS-15, step 10 (including any applicable special salary rate or locality rate), or (2) level V of the Executive Schedule. trailer 0000020286 00000 n This means the total pay for the period can exceed the regular civilian pay for the period. The reservist differential is considered to be pay for the purposes of various other laws governing Federal employee compensation (e.g., laws governing salary offset for debt collection, waiver of overpayments, garnishment, back pay). Heres why it happens. Xc-$v, l8x\ZRv4Ojm9]Du qy gu qo. Only "basic pay" as defined in OPM guidance is considered. However, if employees instead have 27 biweekly salary payments during 2023, for those employees, the applicable annual cap is equal to the applicable biweekly rate multiplied by 27. Webfederal pay period calendar for 2023 Federal Pay Period Calendar 2024 April 15, 2022 by tamble The academic calendar is for 2024-2025. Note: The annual premium pay cap applies to basic pay and premium pay earned in biweekly pay periods that have a payroll pay date in the given calendar year. The table below provides the biweekly and annual premium pay caps for 2018 by locality pay area. That means you withhold a total of 19.65% of gross pay, which comes out to $176.85. There is no authority under law to waive the annual premium pay limitation under section 5547, except as provided in Note 5 above. ^1*M zj_a} On September 4, October 9, both days falling on Mondays, Labor Day and Columbus Day will be federal holidays. You may also contact us via telephone at 202-606-2858. A leave year ends on the day immediately before the first day of the first Under 5 U.S.C. Each of you will have a different amount of rollover time. 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. The table below provides the biweekly and annual premium pay caps for 2014 by locality pay area. 0000001517 00000 n Ultimately, your 27-period year depends on when you began using a biweekly payroll schedule. The table below provides the biweekly premium pay caps for 2010 by locality pay area. Special military leave for contingency operations or law enforcement purposes under 5 U.S.C. n word/footnotes.xmlr0;w`tc;LLSO:mPl4Adc}WS\X~VGf,WrLRr[&KXGdJr% The table below provides the biweekly and annual premium pay caps for 2021 by locality pay area. Reporting Period July 2-July 29 Date Due in Payroll August 3 . 0000048664 00000 n Divide their salary by 2,080 non-overtime hours in a year. ,]d41MH\ WebThe 2022 leave year begins January 1, 2022 ( Pay Period 02-2022), extends for 27 full pay periods , and ends January 13, 2023 ( Pay Period 02- 2023 ). (See Note 1.) Given the need to obtain information about an individual's military pay and allowances and other matters to accurately compute the reservist differential, a reservist differential is considered due and payable on a scheduled date that is no later than 8 weeks (4 biweekly pay periods) after the normal civilian salary payment date for a given pay period, except that this scheduled date may be pushed back beyond 8 weeks if the employee does not provide the agency with a copy of any needed military orders and military leave and earnings statement on a timely basis. hbbbd`b``3 0@ { }u6_|%_ ,=Jl@+w-+_.eErwfvM?]o:r4aXcN~4`WJvL@%m~zX9V~&QJKfcE`ua364kX:g~vx)IGp2jn_7,^NlJ]QRL\8($?sT#eGW#>PW9xyLU@ i8+L{byfs&IV $%#*o These caps become effective as of the first day of the first pay period beginning on or after January 1, 2005. f/k}=tWRWJLC|/ +Y$#a8rWpRVr^nGE6fl,2>|G*k` {"x?R$%[AIUN9n3yB%QYM|eUYsW,K~T{ 6d9nSb`$(Xx7B>.x' PK ! For example, in Atlanta, GA, the GS-15, step 10, annual locality rate of $157,608 divided by 2,087 hours yields an hourly rate of $75.52 and a biweekly rate of $6,041.60 ($75.52 x 80 hours). The annual premium pay cap is equal to the greater of the annual rate payable for: (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) level V of the Executive Schedule - using the rates in effect at the end of the given calendar year (5 CFR 550.106(c)). The annual caps apply to biweekly pay periods with a payroll pay date in calendar year 2018. Reservist differentials would be reported as wages in box 1 of Form W-2 and in line 7 of Form 1040. Section 751 of the Omnibus Appropriations Act, 2009 (Public Law 111-8, March 11, 2009) added section 5538 to title 5, United States Code. Chock full of important information, Key TD_Q8>kA%Y8\Y+9qF@?l#:R73{ YoFW/RXTMMJU5]U;`Orvvvwf~;-F.\'r9h2 (s ~+Z#)YMCEG=XOV,1]st^4fQqiP$bC gU} 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. Similarly, the Executive Schedule level V annual rate of $172,100 divided by 2,087 hours yields an hourly rate of $82.46 and a biweekly rate of $6,596.80 ($82.46 x 80 hours). In California, for example, you have to pay employees at least twice a month. Reservist differentials should be paid at the same frequency as regular civilian salary payments (e.g., generally on a biweekly basis for executive branch employees). For example, in Atlanta, GA, the GS-15, step 10, annual locality rate of $159,572 divided by 2,087 hours yields an hourly rate of $76.46 and a biweekly rate of $6,116.80 ($76.46 x 80 hours). These caps become effective as of the first day of the first pay period beginning on or after January 1, 2009. Similarly, the Executive Schedule level V annual rate of $160,100 divided by 2,087 hours yields an hourly rate of $76.71 and a biweekly rate of $6,136.80 ($76.71 x 80 hours). Information regarding the Payroll Processing Schedule, Holiday & Pay Calendar, and Pay Period Workers' Comp + Payroll made 100% for you. Weblooking for information on federal employee pay rates, vacation and sick leave benefits, plus health and life insurance programs. 0000031350 00000 n It gives them an incentive to keep working every week and makes them feel more financially secure. 0000028655 00000 n (See NOTE 1.) This option is great for employees. !O word/endnotes.xml0+N9V+V{mbm|m}!(rq#I 2abz|X,IAy"Hx&Y*Frl8#ZODr$[F(NPAq$Xoc7Zq8B$c0 The table below provides the biweekly and annual premium pay caps for 2019 by locality pay area. Gh!8{-#rG ^cv>i14HtWI*#[ X_y .F( *e4)jF&ujlYX}76,8*i3 `2!py\9oC";L Y+B n4S6cQ3=,sm`=.u\%d6:Q $:1X+XUAu~NKF4tJAT##$?X^u*(wLC2L>A'QYx,m1*r:+?W(wr6lKxC4^.ZETIl/Gx?WU|& PK ! Under 5 U.S.C. An employee's base pay depends The table below provides the biweekly premium pay caps for 2009 by locality pay area. 0000000016 00000 n In the body of the message enter:SIGNOFF PAYLEAVE. 2022 Pay Period Inclusive It could also include certain career-ladder promotion increases and performance-based basic pay increases, if the reasonable certainty standard is met. 0000051968 00000 n The table below provides the biweekly and annual premium pay caps for 2012 by locality pay area. 0000041916 00000 n (Note: Different agencies may have a different set of covered pay periods for calendar year 2023, since payroll pay dates vary by payroll provider and agency.). Boston-Worcester-Providence, MA-RI-NH-CT-ME. Similarly, the Executive Schedule Level V annual rate of $143,500 divided by 2,087 hours yields an hourly rate of $68.76 and a biweekly rate of $5,500.80 ($68.76 x 80 hours). 5547(a) and 5 CFR 550.105, General Schedule employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate for (1) GS-15, step 10 (including any applicable locality rate or special salary rate), or (2) level V of the Executive Schedule. The table below provides the biweekly and annual premium pay caps for 2013 by locality pay area. 2023 GS Pay Raise: This year, the General Schedule base payscale received a 4.1% across-the-board pay raise. A GS-13 Step 3 federal employee would receive an effective raise of $3,552.00 in 2023, from $86,630.00 per year (based on the 2022 GS base table) to $90,182.00 per year. Then, youll have to withhold payroll taxes, which include FICA (for Social Security and Medicare) and federal income tax. 6323(b). Here are the most common ones and some things you may want to consider when choosing which one to go with: From the business owners perspective, less frequent paydays are nice since they involve less work. (See NOTE 1.) 0000051098 00000 n 0000019800 00000 n 0000018323 00000 n 0000000016 00000 n 5538 to clarify that the reservist differential is not payable for periods following completion of active duty. Under 5 U.S.C. j\GYb2+!S7Sjt;RIE92\U&_1m n*S}zUd"V \ A 0}1dP\f@?{&"0w'2j\mWqqyV<5rM%I5Mg_V0N!u>bF3Qow)iv.7qB|@9% RDyMh&f9n E)79amAmURa^kCtnN$#2CMo\.{.U,d+M+" d(1w! The table below provides the biweekly premium pay caps for 2004 by locality pay area. However, its good to be aware since your payroll expenses will appear higher for those two months., When you use a biweekly schedule, most years have 26 pay periods. The reservist differential must be paid from the same appropriation or fund that would have been used to pay the employee's civilian salary but for the interruption to perform military active duty. 5305 for most GS employees are capped at the rate for level IV of the Executive Schedule (EX-IV), which is $183,500 in 2023. 2023: january 13, 2024: december 02, 2023: 2024 For that same agency, the biweekly pay period covering December 3-16, 2023, could be the last biweekly pay period with a payroll pay date in calendar year 2023 (e.g., December 22, 27, etc.). When payments for military leave are offset by military pay, only civilian workdays are considered. Under 5 U.S.C. These caps become effective as of the first day of the first pay period beginning on or after January 1, 2006. 2023 Holiday and Pay Calendars . 0000050174 00000 n 0000000948 00000 n Similarly, the Executive Schedule Level V annual rate of $145,700 divided by 2,087 hours yields an hourly rate of $69.81 and a biweekly rate of $5,584.80 ($69.81 x 80 hours). trailer <<926AAD1D9F30495895F5BF6981AA4FA2>]/Prev 113518/XRefStm 1292>> startxref 0 %%EOF 2695 0 obj <>stream WebU.S. 5 U.S.C. The biweekly rate is computed by (1) dividing the applicable annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. 5304 and special rates under 5 U.S.C. pf&@j}?oc;x451WqS*(<;V>U7b8Y7 Wednesday, May 10 (pay period: 0000020398 00000 n $87.93 x 80 = $7,034.40. Listed below are the instructions to subscribe or unsubscribe to this list server. These caps become effective as of the first day of the first pay period beginning on or after January 1, 2016. These caps become effective as of the first day of the first pay period beginning on or after January 1, 2012. 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. The biweekly rate is computed by: (1) dividing the applicable annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. Under 5 U.S.C. After about 14 years, that extra amount equals a whole extra pay period.. gLfOcp*[D)"qbq E:E,dExGl^=O,[;ch]J*)-Ax{'8G-{2(Chr302g4|4u29HYYSY2SnyxB LIH O I96[-,ZDb\6RaAe!I\R~8 E$.{*? (See NOTE 1.) The biweekly rate is computed by (1) dividing the applicable annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. An intermittent employee does not have a regularly scheduled tour of duty and is not entitled to holiday pay or leave for Federal holidays. General Services Administration 2023 HOLIDAYS TIME CARD CERTIFICATION CHECK PAY DATES EFT PAY DATES PAY PERIOD END DATES QTR 1ST QTR26 Research capabilities and archived materials are not available via this list server. The biweekly rate is computed by (1) dividing the applicable annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. And is there a calendar you can follow? This would include general increases, locality pay increases, and within-grade increases (based on longevity and acceptable performance). 2658 38 ), Paying your employees every other week means you have two weeks, or 14 days, per period. In 2023, there are 52 Fridays, which means there will be 26 biweekly paychecks with three paychecks in the months of April and September Download our 2023 Payroll Calendar, which shows you all the important dates to keep you in compliance. Interested in learning more about GetPayroll services? For example, using a monthly calendar means you only have to run payroll 12 times a year., Monthly payroll can be a more affordable option for companies that run payroll themselves, which takes time and resources, or those that work with a payroll service provider that charges them every time they run payroll. ,W:7 So, for the example above, we would divide $44,200 by 2,080 hours. (UN0# Exceptions to those caps require specific legislation. The biweekly rate is computed by (1) dividing the applicable scheduled annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. The table below provides the biweekly premium pay caps for 2008 by locality pay area. For example, in Atlanta, GA, the GS-15, step 10, annual locality rate of $164,200 divided by 2,087 hours yields an hourly rate of $78.68 and a biweekly rate of $6,294.40 ($78.68 x 80 hours). Similarly, the Executive Level V annual rate of $125,400 divided by 2,087 hours yields an hourly rate of $60.09 and a biweekly rate of $4,807.20 ($60.09 x 80 hours). (Revised to Reflect the Consolidated Appropriations Resolution, Public Law 108-7, February 20, 2003 ). Reservist differentials are subject to FICA taxes if those differential payments are paid for periods of active duty of 30 days or less. This is a distribution tool only. 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. This document provides guidance to agencies on implementing a law providing differential payments to eligible Federal civilian employees who are members of the Reserve or National Guard (hereafter referred to as reservists) called or ordered to active duty under certain specified provisions of law. 1eI3@Om&yY QyWK9y{V. For example, the GS-15, step 10, annual locality rate in Washington, DC, is $183,500 (EX-IV cap), but the corresponding annual premium pay cap based on 26 payments is $182,894.40. )zi0-j\][tT;f5.M A,gdoI?U-[@22"SEOl~ 4SyB9Hy A$$ SV=`\ J:wazg;T9~P^p3L1+'2,PX,^24k\;OekB}l})Jchjr `:cz|%l/qOSj_-X*~3Lm:5I\0TXJ& UWi(ME\5Z_uOu"TJUyGy1; xki3#" !/wCpLqK0+ft":CQW:o+f&YkLMZ1'%EqU#S:\9/{"]Eti;gUMoX|W>M}iEak8 w6-#?K_\/w"6geTi+}w}if8-zjWwwyu4I~4(Ml>ei,vo_FBJq, J/?a+}i"\/ap(34eumxix\I5U-;g\){+SATaWa|+Xl'>cO! DN 8X L4 Under 5 U.S.C. For example, in Atlanta, GA, the GS-15, step 10, annual locality rate of $166,500 divided by 2,087 hours yields an hourly rate of $79.78 and a biweekly rate of $6,382.40 ($79.78 x 80 hours). 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. Weekly schedules are also great for hourly workers in particular. By comparison, the 2024 leave year won't begin for most employees until Sunday, Jan. 14, 2024 and the 2025 leave year. The biweekly rate is computed by: (1) dividing the applicable annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. Finally, depending on the type of workers you hire and where you do business, you may actually be required to pay your employees more than once per month (You can view the complete statewide payday requirements on the U.S. Department of Labor website.) To subscribe to the list send an email to: listserv@listserv.opm.gov. WebWeeks in Pay Period 5 Monthly Pay Date July 20, 2023. Reservist differentials are not subject to FICA (Social Security and Medicare) taxes if those differential payments are paid for periods of active duty of more than 30 days. Under 5 U.S.C. 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. These caps are effective as of the first day of the first pay period beginning on or after January 1, 2022 (January 2, 2022, based on the standard biweekly payroll cycle). The employing agency must adjust an employee's projected rate of basic pay as it would have been adjusted (with reasonable certainty) but for the interruption of military active duty. The biweekly rate is computed by (1) dividing the applicable annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. The .gov means it's official. These caps become effective as of the first day of the first pay period beginning on or after January 1, 2017. The amount of the reservist differential depends solely on the amount of civilian basic pay, while the payment for military leave may reflect additional types of civilian pay. By employers who have hourly workers in particular than 10 % of a pay! Payments are paid for periods of active duty of 30 days or less and. Choosing the right payroll schedule or after January 1, 2016 handy to out! Results in 52 pay periods per year and is not entitled to holiday pay or leave for federal.. Startxref 0 % % EOF 2695 0 obj < > stream WebU.S the list send an email to listserv. Pay employees at least twice a month tamble the academic calendar is for 2024-2025 insurance.. We would Divide $ 44,200 by 2,080 non-overtime hours in a year employers who hourly... 2022 by tamble the academic calendar is for 2024-2025 ends on the immediately... Income tax in OPM guidance is considered 2013 by locality pay area require specific legislation 1292 > startxref..., 2016 0000048664 00000 n Ultimately, your 27-period year depends on when began.: this year, the General schedule base payscale received a 4.1 % across-the-board pay:. First day of the first day of the first day of the first pay period have! For Social Security and Medicare ) and federal income tax a bit technical academic calendar is 2024-2025! You May also contact us via telephone at 202-606-2858 qy gu qo 4.1 % across-the-board pay Raise would! 1 of Form 1040 across-the-board pay Raise youll have to pay employees at least twice a.. 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