27th paycheck affects employees this year
12:00:18 PM CDT - Wednesday, December 08, 2004
While state officials don't have to fund an extra pay period until next fiscal year, state employees will actually be affected this year by the extra pay period.
A story in the Nov. 4 print issue of Inside WSU erroneously reported that state employees will receive a 27th paycheck next year. However, the extra pay period will fall in this calendar year, according to Mike Turner, director of human resources. Employees will receive their 27th paycheck on Dec. 30. "As a result of this extra paycheck, your tax liability may be greater this year,"Turner noted in a memo to benefits-eligible employees.
No deductions will be taken from the extra paycheck for group health insurance, Campus Credit Union and flexible spending account distributions. Certain other deductions, such as parking and retirement contributions, will be taken.
A memo on the extra paycheck can be found at http://webs.wichita.edu/?u=humanr&p=/HR_News_Events/27paychecks
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