Pay date change
Why is this change necessary?
Changing the pay date from Tuesday to Friday will improve the efficiency of the administration and accuracy of each pay. The current pay cycle process does not allow for sufficient time for processing last minute changes affecting gross wages within a pay period, which results in potential over or underpayments to employees.
How will this change improve the current process?
The Payroll Office currently processes paychecks 3 days in advance of the employee’s actual time worked. This method "predicted" full-time employees being on campus and working a full schedule for those three days.
When will this change take effect?
The change will take effect during the workweek of October 29th. Instead of Tuesday, October 30th, the new pay date will be Friday, November 2nd.
**As a result of the pay date change, November will be the month containing three paychecks. The third check of November dated November 30th will be the paycheck without health insurance deductions.
Have all MVCC collective bargaining units been consulted about the change to the pay date?
Will this change in pay date affect my taxes and annual earnings?
No. The move in the pay date has no effect on annual earnings or taxes.
What should I do because of the pay date change?
Educate yourself and plan ahead! Employees should review their personal finances including any financial commitments that are automatically withdrawn based on the current Tuesday pay cycle. Changes to automatic payment withdrawal bank accounts will need to be adjusted to accommodate the change in the pay date from Tuesday to Friday. Take the time now to review payments such as mortgage, automobile, credit card or other bills automatically paid from your checking and/or savings account. Employees starting any new automatic withdrawals prior to this change should also take into account the upcoming pay date change.