Which payroll deductions are based on the accounting period which are based on the pay date? »

2) Which Payroll deductions are based (deducted) on the accounting  period and which are based (deducted) on the actual pay date?

The insurance coverage (BL, MED, DEN, VIS, OL, ADD, LTD, DL, LTCE, and LTCS), retirement benefits (TRS and ORP), longevity, spending accounts, English Proficiency, Employee Organization Fee, Credit Union, Texas Tomorrow Fund, Tax Levy, User Service Fees, and court ordered deductions must have their start and/or stop dates (and Premium due date, where appropriate) within the accounting period being processed.

Bonds, Charitable Contributions, Charitable Contributions - Higher Education, Student Loans, tax-sheltered annuities and deferred compensation plan deductions are based on the actual pay date of the payroll.

This page was last updated on 06/11/2010 17:11:56