Understanding
Semi-monthly
What’s the difference between a
monthly payroll cycle and
a semi-monthly?
 Number of pays
How will my paycheck be impacted
by this transition?
 You will receive two paychecks per
month instead of one paycheck.
 First, semi-monthly pay date is July
15th
What days are covered for each pay
period?
 1st Pay check pays you for services
perform from the 1st through 15th of
the month
 2nd pay check pays you for services
performed from the 16th through the
last working day of the month
What are the new semi-monthly
pay dates?
2013 Calendar Year
1st Pay Date
2nd Pay Date
July
15th
31st
August
15th
30th
September
15th
30th
October
15th
31st
November
15th
27th
December
15th
20th
Month
Faculty Pay
2013-2014 Faculty
9 Month Faculty pay
will be disbursed from
August 31st – May 15th
Is Salary Deferred still an option
for Faculty?
YES, as a faculty member, you can
still chose to have your salary
payments disbursed over 12
months.
Disbursement will be
September 15th – August 31st
Calculation Example
For example, say your annual salary is $50,000
A 9 month employee salary is calculated as follows:
$50,000/18 pay periods = $2,777.78, is your gross
semi-monthly pay.
A 12 month employee salary is calculated as follows:
$50,000/24 pay periods = $2,083.33 , is your gross
semi-monthly pay.
Will I need to make any changes to
my direct deposit?
 Yes, if you currently have a split
direct deposit allocation for a specific
amount
How will this affect my benefit
deductions?
 Benefits will continue uninterrupted
 ALL SELECTED DEDUCTIONS will be
split in half and taken out of each semimonthly paycheck except Supercard
 Supercard charges will be deducted from
the 2nd pay check of each month
Will my taxes be affected?
 Yes
 The amount deducted will be based
upon the rates defined in the semimonthly IRS tax table.
Will I have to make any changes to
my taxes or withholding?
 No
 Changes will only be made if you
submit a new W-4 form the Human
Resources
 NOTE:
Please consult your tax preparer for
more information
Will I still accrue Vacation &
Sick Leave?
 Yes
 The amount accrued over the course
of the year will not vary from the
statutory amounts
 The accrued leave will be updated at
the end of each month
Is there anything I can do to plan for
this change?
 Examine your personal budget to
determine the impact of the pay
frequency changes
 Review any automatic bank drafts or
loan payments
Can I opt out of the semi-monthly
payroll cycle?
No
All University employees will be paid
semi-monthly
Thank you