Your July 1, 2022 paycheck will look a little different again; there happens to be 27 payperiods between July 1, 2021 and July 1, 2022. Our medical premiums are divided across 26 payperiods, so at this point each of us have covered our annual costs for the fiscal year. As such, the July 1, 2022 paycheck will not have medical premiums deducted from this paycheck.
While we are on the subject of paychecks, the next 2.5% GWI will kick in on July 1, 2022. This increase will begin on July 1 but won't be reflected in your paycheck until July 29th (the July 1 thru July 14 payperiod will be paid on July 29)...the July 29th paycheck will also include the $1000 lump sum.
Those trying to keep this all straight:
- the June 17 paycheck contained the GWI/Step increases from 2021 + $2500
- the July 1 paycheck will not have medical premiums withheld
- the July 15 paycheck will include any backpay from the 2021 GWI and Step increases
- the July 29 paycheck will include the next 2.5% GWI + $1000
- the January 27, 2023 paycheck will include a Step increase from December 30, 2022
- retirees: your backpay will be reflected in your August pension payment.