Employees receive 26 paychecks per year with a For example, in Washington, DC, the GS-15, step 10, scheduled annual locality rate of $135,136 divided by 2,087 hours yields an hourly rate of $64.75 and a biweekly rate of $5,180.00 ($64.75 x 80 hours). Some months are longer than others, and that means payday may occur three times, instead of two. 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. Under 5 U.S.C. You can use the JSON or XML Reservist differentials should be paid at the same frequency as regular civilian salary payments (e.g., generally on a biweekly basis for executive branch employees). Certain special rate employees may have a higher biweekly premium pay cap at GS-15, step 10, than that shown in the table. The reservist differential is not payable for periods during which the employee is receiving civilian basic pay for performing work or using civilian paid leave or other paid time off. 0000020398 00000 n While absent from the civilian job, the employee is considered to be on leave without pay unless the employee takes civilian paid leave or other paid time off. Webfederal pay period calendar for 2023 Federal Pay Period Calendar 2024 April 15, 2022 by tamble The academic calendar is for 2024-2025. 5538 to clarify that the reservist differential is not payable for periods following completion of active duty. So, when you hire new employees, its more likely that theyve experienced this pay frequency before, making that part of their transition seamless. In 2023, there are 26 pay dates under the biweekly schedule. EpD-1+48cYU8kv_\ Lb.JT9_lqMH5q'~#{~hW =F{kZb'w,r+o;!5@;FHw)n\Wc{R@0Ta>\~91K Pay Period Calendars by Fiscal Year (Two Years) Form #. Depending on the year and the agencys payroll cycle, there may be 26 or 27 pay periods covered by an annual premium pay cap. The table below provides the biweekly and annual premium pay caps for 2019 by locality pay area. The payroll platform automatically calculates wages and pays your workers, and takes care of your payroll taxescutting down on the time, energy, and resources needed to run payroll.. Diversity, Equity, Inclusion, and Accessibility, Classifying Federal Wage System Positions, Frequently Asked Questions for Hybrid Work Environment, Federal Workforce Priorities Report (FWPR), Federal Labor-Management Information System, Recruitment, Relocation & Retention Incentives, CPM-2019-19 2019 Annual Review of Special Rates (Data Call), CPM-2019-18 Human Resources Flexibilities and Procedures for Hurricane Season, CPM-2019-17 Coping with Severe Heat and Humidity, Pay and Leave Flexibilities for Recruitment and Retention, Federal Employee Compensation Package: Its More than Just Salary, Compensation Flexibilities to Recruit and Retain Cybersecurity Professionals, Reservist Differential Policy Guidance Supplement (Attachment to CPM 2011-06, 04/13/2011), Reservist Differential - Summary Description, Reservist Differential Implementation Guidance, Reservist Differential Policy Update Memo (CPM 2011-06, 04/13/2011), Reservist Differential Implementation Update Memo (CPM 2010-09, 04/14/2010), Reservist Differential Memo (CPM 2009-19, 12/08/2009), Nonreduction in Pay for Certain Federal Civilian Employees on Active Duty in the Uniformed Services or National Guard Memo (CPM 2009-07, 04/03/2009). To unsubscribe to the list send an email to: listserv@listserv.opm.gov. Only "basic pay" as defined in OPM guidance is considered. WebPAY PERIOD CALENDAR 2026 Month Pay S Period M TW FS JAN 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29 30 31 FEB 1 2 3 4 5 6 7 187 0 obj <> endobj Similarly, the Executive Schedule Level V annual rate of $145,700 divided by 2,087 hours yields an hourly rate of $69.81 and a biweekly rate of $5,584.80 ($69.81 x 80 hours). 0000015785 00000 n Basic pay and premium pay for that pay period would be included in applying the annual premium pay cap for 2023. Wednesday, April 12 (pay period: March 16 to March 29) Wednesday, April 26 (pay period: March 30 to April 12) May 2023. Federal agencies must provide a payment (a "reservist differential") equal to the amount by which an employee's projected civilian "basic pay" for a covered pay period exceeds the employee's actual military "pay and allowances" allocable to that pay period. The biweekly rate is computed by (1) dividing the applicable annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. 5538 for Federal tax purposes: OPM Policy Guidance Regarding Reservist Differential under 5 U.S.C. 187 23 0000022626 00000 n Under 5 U.S.C. The reservist differential is not basic pay for any purpose. 2658 38 The biweekly rate is computed by (1) dividing the applicable annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. OPM memorandum Reservist Differential Policy Update (CPM 2011-06, 04/13/2011). Since one year has 52 weeks, the biweekly pay schedule has 26 pay periods during the calendar year.. For example, in Washington, DC, the GS-15, step 10, annual locality rate of $143,471 divided by 2,087 hours yields an hourly rate of $68.75 and a biweekly rate of $5,500 ($68.75 x 80 hours). These caps are effective as of the first day of the first pay period beginning on or after January 1, 2019 (January 6, 2019, based on the standard biweekly payroll cycle). The annual premium pay cap is equal to the greater of the annual rate payable for: (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) level V of the Executive Schedule - using the rates in effect at the end of the given calendar year (5 CFR 550.106(c)). Full Notice. H7EP_aY$F20lp#N>nItOB^,^|~x?wD|>?/=~n Its manageable for employers and helps employees feel more financially secure as you pay them more often. chapter 43) for such active duty. 0000020286 00000 n (Note: Different agencies may have a different set of covered pay periods for calendar year 2023, since payroll pay dates vary by payroll provider and agency.). 0000001283 00000 n 5547(a) and 5 CFR 550.105, General Schedule employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate for (1) GS-15, step 10 (including any applicable locality rate or special salary rate), or (2) level V of the Executive Schedule. TD_Q8>kA%Y8\Y+9qF@?l#:R73{ YoFW/RXTMMJU5]U;`Orvvvwf~;-F.\'r9h2 (s ~+Z#)YMCEG=XOV,1]st^4fQqiP$bC gU} 0000073136 00000 n 5gouispK~l>iCxGnF*l0b,U^LLU|pEe^O?j{4f PK ! WebWeeks in Pay Period 5 Monthly Pay Date July 20, 2023. The biweekly caps are effective as of the first day of the first pay period beginning on or after January 1, 2018. 0000019162 00000 n This would include general increases, locality pay increases, and within-grade increases (based on longevity and acceptable performance). 0000026051 00000 n Outside of U.S.). On September 4, October 9, both days falling on Mondays, Labor Day and Columbus Day will be federal holidays. 0000051458 00000 n 0000016623 00000 n 0000019621 00000 n %PDF-1.7 % Similarly, the Executive Schedule Level V annual rate of $150,200 divided by 2,087 hours yields an hourly rate of $71.97 and a biweekly rate of $5,757.60 ($71.97 x 80 hours). 0000049047 00000 n Heres why it happens. Section 5538 applies to all employees and agencies within the Federal Government (executive, legislative, and judicial branches) unless the employee or agency is excluded from coverage by other provision of law. Workers' Comp + Payroll made 100% for you. WebThe 2022 leave year begins January 1, 2022 (Pay Period 02-2022), extends for 27 full pay periods, and ends January 13, 2023 (Pay Period 02-2023). The annual caps listed in the table below apply to employees with 26 biweekly salary payments in 2023. Web2023 Pay Calendar Holidays: 01/01 - New Year's Day 01/02 - New Year's Day (Observed) 01/16 - Martin Luther King Jr. Day 02/12 - Lincoln's Birthday* 02/13 - Lincoln's Birthday* (Observed)* 02/20 - Presidents' Day 05/29 - Memorial Day 06/19 - Juneteenth Day 07/04 - Independence Day In 2023, there are 26 pay dates under the biweekly schedule. 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. Chock full of important information, Key WebPAY PERIOD CALENDAR 2023 Month Pay Period SM TW F JAN 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 1920 21 22 23 24 25 26 27 28 29 30 31 FEB 1 2 3 4 5 6 7 8 9 10 11 Similarly, the Executive Schedule level V annual rate of $156,000 divided by 2,087 hours yields an hourly rate of $74.75 and a biweekly rate of $5,980.00 ($74.75 x 80 hours). WebThe 2023 leave year begins for most federal employees on Sunday, Jan. 1, 2023. 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. The biweekly rate is computed by: (1) dividing the applicable annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. ($183,500 / 2,087 = $87.93. There are eleven federal holidays recognized by the US government. The pay period is the period of time that you collect pay for or how often you pay your employees. 0000033999 00000 n Reporting Period July 2-July 29 Date Due in Payroll August 3 . Under 5 U.S.C. WebWeeks in Pay Period 5 Monthly Pay Date July 20, 2023. However, if employees instead have 27 biweekly salary payments during 2023, for those employees, the applicable annual cap is equal to the applicable biweekly rate multiplied by 27. Reservist differentials are subject to FICA taxes if those differential payments are paid for periods of active duty of 30 days or less. For example, using a monthly calendar means you only have to run payroll 12 times a year., Monthly payroll can be a more affordable option for companies that run payroll themselves, which takes time and resources, or those that work with a payroll service provider that charges them every time they run payroll. In the body of the message enter:SIGNOFF PAYLEAVE. (See NOTE 1.) 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. 0000013152 00000 n 0000019440 00000 n That said, a biweekly payroll schedule is one of the most popular options for a reason. Before sharing sensitive 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. On November 10, 11, and 23 in 2023, Veterans hb``f``qf``` (See NOTE 1.) Rather than watching their bank account dwindle over the month, it consistently gets re-upped every week, which is a big comfort. 5538 [added by section 751 of the Omnibus Appropriations Act, 2009 (Public Law 111-8, March 11, 2009) and amended by section 745 of the Consolidated Appropriations Act, 2010 (Public Law 111-117, December 16, 2009)], There is no authority under law to waive the annual premium pay limitation under section 5547, except as provided in. Weekly schedules are also great for hourly workers in particular. The table below provides the biweekly and annual premium pay caps for 2023 by locality pay area. This option is great for employees. These caps become effective as of the first day of the first pay period beginning on or after January 1, 2008. 0000000948 00000 n (During civilian paid time off, the reservist receives full military pay and full civilian pay, except that civilian pay is offset by military pay when an employee uses military leave under 5 U.S.C. And is there a calendar you can follow? *.FL$*o;C_'I7aW?? Under 5 U.S.C. The biweekly rate is computed by (1) dividing the applicable annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. Under 5 U.S.C. Webend of pay period 2023 payroll schedule holidays june september october november march december january april july february The reservist differential must be paid from the same appropriation or fund that would have been used to pay the employee's civilian salary but for the interruption to perform military active duty. These caps are effective as of the first day of the first pay period beginning on or after January 1, 2021 (January 3, 2021, based on the standard biweekly payroll cycle). Reservist differentials are treated as wages for Federal income tax withholding purposes, regardless of the length of the active duty. 0000018918 00000 n The 2022 leave year begins January 1, 2022 (Pay Period 02-2022), extends for 27 full pay periods, and ends January 13, 2023 (Pay Period 02-2023). General Services Administration 2023 HOLIDAYS TIME CARD CERTIFICATION CHECK PAY DATES EFT PAY DATES PAY PERIOD END DATES QTR 1ST QTR26 ENDS 2ND QTR99 No matter what schedule you choose, its helpful to have a calendar handy to plan out your paydays in advance. The biweekly rate is computed by (1) dividing the applicable annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. You may also contact us via telephone at 202-606-2858. Similarly, the Executive Schedule Level V annual rate of $143,500 divided by 2,087 hours yields an hourly rate of $68.76 and a biweekly rate of $5,500.80 ($68.76 x 80 hours). Similarly, the Executive Schedule level V annual rate of $161,700 divided by 2,087 hours yields an hourly rate of $77.48 and a biweekly rate of $6,198.40 ($77.48 x 80 hours). %PDF-1.4 % (UN0# Similarly, the Executive Schedule level V annual rate of $165,300 divided by 2,087 hours yields an hourly rate of $79.20 and a biweekly rate of $6,336.00 ($79.20 x 80 hours). The employing agency must adjust an employee's projected rate of basic pay as it would have been adjusted (with reasonable certainty) but for the interruption of military active duty. The reservist differential is considered to be pay for the purposes of various other laws governing Federal employee compensation (e.g., laws governing salary offset for debt collection, waiver of overpayments, garnishment, back pay). However, the reservist differential will not be counted as part of aggregate compensation in applying the aggregate pay limit in 5 U.S.C. 101(a)(13)(B) and (2) entitled to reemployment rights under 38 U.S.C. 2658 0 obj <> endobj xref The biweekly premium pay cap is computed by: (1) dividing the applicable annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. Similarly, the Executive Schedule Level V annual rate of $153,800 divided by 2,087 hours yields an hourly rate of $73.69 and a biweekly rate of $5,895.20 ($73.69 x 80 hours). So if you have an hourly worker thats paid $15 per hour who clocked in 60 hours on their timesheet, their gross pay would be $900. Divide their salary by 2,080 non-overtime hours in a year. With the exception of Jan. 1, 2022, Dec. 31, 2023, Jan. 3, 2024, Dec. 31,2024, Jan. 3, 2025, and Dec. 31, 2025, all of the dates presented are the official end of a payperiod; that is, the second Saturday of the payperiod. The biweekly rate is computed by (1) dividing the applicable annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. Under 5 U.S.C. $87.93 x 80 = $7,034.40. In certain emergency or mission critical situations, an agency may apply an annual premium pay cap instead of a biweekly premium pay cap, subject to the conditions provided in law and regulation. Thank you! The biweekly rate is computed by (1) dividing the applicable scheduled annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. pf&@j}?oc;x451WqS*(<;V>U7b8Y7 We will issue a separate memorandum with additional information on this authority and other recent legislative changes. These caps become effective as of the first day of the first pay period beginning on or after January 1, 2010. Reporting Period July 2-July 29 Date Due in Payroll August 3 . These caps become effective as of the first day of the first pay period beginning on or after January 1, 2009. 0000041916 00000 n ,W:7 According to the U.S. Bureau of Labor Statistics, 43% of businesses use 0000001692 00000 n In accordance with Federal civil rights law and U.S. If you think its the right option for you, get started today with our free template! According to the U.S. Bureau of Labor Statistics, 43% of businesses use the biweekly pay schedule, making it the most common payroll schedule. By comparison, the 2024 leave year won't begin for most employees until Sunday, Jan. 14, 2024 and the 2025 leave year. startxref Gh!8{-#rG ^cv>i14HtWI*#[ X_y .F( *e4)jF&ujlYX}76,8*i3 `2!py\9oC";L Y+B n4S6cQ3=,sm`=.u\%d6:Q $:1X+XUAu~NKF4tJAT##$?X^u*(wLC2L>A'QYx,m1*r:+?W(wr6lKxC4^.ZETIl/Gx?WU|& PK ! It gives them an incentive to keep working every week and makes them feel more financially secure. WebPayroll Schedule Calendars | U.S. Department of the Interior Interior Business Center Payroll Schedule Calendars These calendars apply to employees of agencies who For example, in Atlanta, GA, the GS-15, step 10, annual locality rate of $151,275 divided by 2,087 hours yields an hourly rate of $72.48 and a biweekly rate of $5,798.40 ($72.48 x 80 hours). Note: The annual premium pay cap applies to basic pay and premium pay earned in biweekly pay periods that have a payroll pay date in the given calendar year. For example, in Atlanta, GA, the GS-15, step 10, annual locality rate of $161,900 divided by 2,087 hours yields an hourly rate of $77.58 and a biweekly rate of $6,206.40 ($77.58 x 80 hours). Its an exciting time for sure, but it comes with many questionsespecially if youre a first-time employer., One of the questions you need to figure out before your employees start working is, How often should I run payroll?. 5538, originally issued on December 8, 2009, via memorandum to agency Chief Human Capital Officers, and most recently amended and reissued on June 23, 2015. If the projected civilian basic pay is greater than the allocated military pay and allowances, the difference represents the unadjusted reservist differential. endstream endobj 188 0 obj <>/Metadata 4 0 R/Pages 3 0 R/StructTreeRoot 6 0 R/Type/Catalog/ViewerPreferences<>>> endobj 189 0 obj >/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 -396.0]>>/PageUIDList<0 203>>/PageWidthList<0 612.0>>>>>>/Resources<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/StructParents 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 190 0 obj <>stream
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