Look for Extra Money in Your July 31 Paycheck
No Insurance Premium Deductions in Last Pay of July
The payroll schedule for calendar year 2020 reflects 27 pays for 12-month employees (staff, administrators, and department chairs). Insurance premiums for 12-month employees are based on 26 pays. Since there are three paychecks in July, there will be no deductions taken on the July 31, 2020 paycheck for medical, dental, vision, group legal, life (Basic, Optional, and Dependent), and long-term disability insurance. Please note that regular deductions for all flexible spending and health savings accounts (HSAs) will continue on the July 31 paycheck. If you are enrolled in College insurance plans you will likely see some extra money in your paycheck.