Benefits Connect
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Celebrate the arrival of 2018 because there are 27 pay periods in 2018 and three months with three paychecks issued rather than the typical two months!
Three “3” Pay Period Months
Three pay periods in a month normally happens twice each year. In 2018, this will happen three times.
1/30/18 will be the next third payday of the month followed by 7/31/18 and 12/31/18.
When a third paycheck is issued and certain deductions are not withheld from payroll. Your deposit may be larger if you participate in any of these voluntary plans via payroll deduction:
Happy New Year!
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Thansk. Alam
https://www.mjobrr.com
@christinam
The information on the 27th paycheck provided here is in direct apparent conflict to the information provided in the January 12th This Week Q&A, http://newsletters.mayo.edu/newscenter/Article.aspx?contentID=DOCMAN-0000173266 . “For planning purposes, retirement savings plan contributions are deducted from the third payday in a month. If you are trying to spread out your deductions to maximize the employer match, you should plan for all 27 paychecks in 2018. The 403(b)/401(k) estimator tool also will be updated to reflect 27 pay periods.” Please resolve.