Biweekly Payroll Transition
For those employees transferring to the biweekly pay cycle effective January 1, 2025, below you will find resources, forms, and a link to sign-up to meet with a member of the Compensation Team.
Benefit Deductions, Voluntary Contributions, and Withholding
Most deductions will be split evenly over the first two biweekly paychecks each month; however, see below for more information to determine which deductions you need to take action on to have changed. In months where there are three pay periods, the third paycheck will not include benefit deductions.
Benefit deductions for medical, dental, vision, mandatory retirement plans, Flexible Spending Accounts, life insurance, and disability will be automatically recalculated for you. No action is required on your part.
parking fees for employees paid biweekly are deducted by pay period. Your deductions will continue with no action required by you.
The amount you currently contribute to your 403(b) or 457(b) Voluntary Retirement Savings Plans in each monthly pay will be the same amount you contribute in each biweekly pay unless you make a change.
Log in to Retirement@Work / Contact Ohio Deferred Comp , select new contribution amount(s) per pay, effective 1/1/2025. The deadline to complete this is 1/5/2025.
If you have additional Federal or State taxes withheld from your paychecks, be sure to review those amounts, and update them if necessary.
- Federal tax withholding changes can be made within the MyBGSU portal
- State tax witholding changs can be made by completing a new form IT-4, which can be found on the Payroll Website.
If you use your financial institution’s personal bill-pay service for making payments, such as for credit card payments, utility bills and home mortgage payments, you are encouraged to review the timing of these payments relative to your new paycheck schedule. To make a change, contact your financial institution and the billing entity as soon as possible, as advance notice may be required.
If you have your direct deposit split to multiple accounts and one of those is set to a flat dollar amount, that dollar amount will not automatically change based on your increased number of pays. If you would like to make an adjustment, you can update this through your myBGSU portal.
Updated: 12/02/2024 10:08AM