FLSA regulations require nonexempt employees to track their hours worked so they can be paid overtime for eligible hours. To ensure that the university meets these regulations, nonexempt employees report their actual time worked each day.
If your job is defined as nonexempt under the Fair Labor Standards Act (FLSA), you will convert to the biweekly pay cycle.
If you have automatic bill pay set up for any regular expenses, such as mortgage payments, student loan payments or car payments, we encourage you to work directly with your financial institution(s) to change payment dates as needed.
It is important that you review your personal budget situation and determine your income needs based on the new biweekly pay schedule. In preparation for the conversion, we suggest that you take the following steps:
You will receive a minimum of 26 and a maximum of 27 paychecks in a year. Because biweekly periods do not always line up exactly to the calendar year, there is often a biweekly pay period that crosses over from December to January. Because of this, the gross pay reported on an annual W-2 tax form may not match exactly to your annualized pay (hourly rate x 2088 hours), and occasionally there will be 27 periods in one year.
Not all employees will convert to the biweekly pay schedule; only if your job is defined as nonexempt under the Fair Labor Standards Act (FLSA) will you convert to biweekly. Employees whose job titles are exempt will continue to be paid monthly.