UCSF Employees to be Paid Bi-Weekly WHO: UCSF employees eligible for overtime, shift, on call, etc. and employees who work variable hours WHEN: More details COMING SOON to answer these questions and more: • How will my deductions cause my paycheck amounts to vary? • How will the new pay cycle affect my monthly bill payments? • How can I cash out a week of vacation leave or apply for a loan to help during the transition? • How do I record my hours so my paycheck is accurate? Sep 1, 2010 – LAST Monthly Paycheck Sep 15, 2010 – FIRST Bi-Weekly Paycheck Sep 29, 2010 – SECOND Bi-Weekly Paycheck (No Oct 1 Paycheck) Monthly to Bi-Weekly Comparison NOW: Monthly Pay Cycle NEW: Bi-Weekly Pay Cycle Pay Periods Your pay period now covers the entire calendar month, from the 1st to 31st Your pay period will cover a 2-week period, from Sunday to Saturday Paychecks You currently receive 12 paychecks per year – 1 per month You will receive 26 paychecks per year – 2 per month for each of 10 months – 3 per month for each of 2 months Pay Days Your current pay day is the 1st day of the month Your new pay day will be every other Wednesday Pay for Overtime, Shift, On Call, Etc. You currently receive this pay one month later than earned or in a separate check You will receive this pay in your regular bi-weekly check when earned Questions? Contact your HR Administrator _______________________________________________________
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