federal pay period calendar for 2023

"xj?Q[rIK-8p6) jkFS*dU=:zoNE:oZyvJYQ'BePe8|M)=VzOQ\j }N"wR;^U_ZT*7^6|_J:mG? PK ! For example, the GS-15, step 10, annual locality rate in Washington, DC, is $183,500 (EX-IV cap), but the corresponding annual premium pay cap based on 26 payments is $182,894.40. j\GYb2+!S7Sjt;RIE92\U&_1m All you need to pay your people made easy, Find a plan that's right for your business, So, your business is growing, and youre hiring employees. In 2023, there are 26 pay dates under the biweekly schedule. Given the need to obtain information about an individual's military pay and allowances and other matters to accurately compute the reservist differential, a reservist differential is considered due and payable on a scheduled date that is no later than 8 weeks (4 biweekly pay periods) after the normal civilian salary payment date for a given pay period, except that this scheduled date may be pushed back beyond 8 weeks if the employee does not provide the agency with a copy of any needed military orders and military leave and earnings statement on a timely basis. information, make sure you're on a federal government site. !eIo [6l~qv,=: N *&./1((. Under 5 U.S.C. 2023 Biweekly Payroll Calendar Template. 5538 to clarify that the reservist differential is not payable for periods following completion of active duty. 0000015026 00000 n 0000046173 00000 n 0000017531 00000 n Similarly, the Executive Level V annual rate of $125,400 divided by 2,087 hours yields an hourly rate of $60.09 and a biweekly rate of $4,807.20 ($60.09 x 80 hours). And is there a calendar you can follow? 0000001517 00000 n (See NOTE 1.) Most employers use Friday as their paycheck due date since holidays such as Labor Day and Memorial Day fall on Mondays., Heres a free printable 2023 Biweekly Payroll Schedule Template you can use with Microsoft Excel or Google sheets. No matter what schedule you choose, its helpful to have a calendar handy to plan out your paydays in advance. website and that any information you provide is encrypted and transmitted securely. A leave year ends on the day immediately before the first day of the first trailer The annual premium pay cap is computed under 5 CFR 550.106(d) by: (1) dividing the applicable end-of-year published annual rate by 2,087 hours, (2) multiplying the resulting hourly rate by 80 hours, and (3) multiplying the resulting biweekly rate by the number of biweekly pay periods for which a salary payment is issued in the given calendar year under the agencys payroll cycle (i.e., either 26 or 27 pay periods). 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. These caps are effective as of the first pay period beginning on or after January 1, 2003. Similarly, the Executive Level V annual rate of $128,200 divided by 2,087 hours yields an hourly rate of $61.43 and a biweekly rate of $4,914.40 ($61.43 x 80 hours). 0000018323 00000 n 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. Effective January 1, 2016, section 1108 of the National Defense Authorization Act for Fiscal Year 2016 (Public Law 114-92, November 25, 2015) extends to calendar year 2016 the authority provided in section 1101 of Public Law 110-417, October 14, 2008, as amended, for the head of an agency to waive the premium pay cap provisions under 5 U.S.C. 0000020398 00000 n Wednesday, April 12 (pay period: March 16 to March 29) Wednesday, April 26 (pay period: March 30 to April 12) May 2023. 0000019621 00000 n Its manageable for employers and helps employees feel more financially secure as you pay them more often. Wednesday, May 10 (pay period: 0000043789 00000 n (`E?"J.w4e./t1(X- 0000001283 00000 n Similarly, the Executive Schedule Level V annual rate of $147,200 divided by 2,087 hours yields an hourly rate of $70.53 and a biweekly rate of $5,642.40 ($70.53 x 80 hours). )zi0-j\][tT;f5.M A,gdoI?U-[@22"SEOl~ 4SyB9Hy A$$ SV=`\ J:wazg;T9~P^p3L1+'2,PX,^24k\;OekB}l})Jchjr `:cz|%l/qOSj_-X*~3Lm:5I\0TXJ& UWi(ME\5Z_uOu"TJUyGy1; xki3#" !/wCpLqK0+ft":CQW:o+f&YkLMZ1'%EqU#S:\9/{"]Eti;gUMoX|W>M}iEak8 w6-#?K_\/w"6geTi+}w}if8-zjWwwyu4I~4(Ml>ei,vo_FBJq, J/?a+}i"\/ap(34eumxix\I5U-;g\){+SATaWa|+Xl'>cO! The https:// ensures that you are connecting to the official OPM memorandum Reservist Differential Policy Update (CPM 2011-06, 04/13/2011). WebFederal pay period calendar for 2023. ft. fq. WebAccess our federal deposit calendars and payroll calendars to keep you up-to-date on essential deposit dates and filing deadlines. ^1*M zj_a} 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. 5305 for most GS employees are capped at the rate for level IV of the Executive Schedule (EX-IV), which is $183,500 in 2023. Military pay and allowances will be allocated to a civilian pay period (usually a 2-week period) based on the applicable daily rate for days within the pay period. 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. n word/footnotes.xmlr0;w`tc;LLSO:mPl4Adc}WS\X~VGf,WrLRr[&KXGdJr% Xc-$v, l8x\ZRv4Ojm9]Du DN 8X L4 So, when you hire new employees, its more likely that theyve experienced this pay frequency before, making that part of their transition seamless. If you wish to obtain archived pay and leave policy information, we suggest that you visit the Pay and Leave website. The table below provides the biweekly premium pay caps for 2008 by locality pay area. As the business owner, this is entirely up to youbut the most popular payroll schedule is biweekly. In 2023, there are 52 Fridays, which means there will be 26 biweekly paychecks with three paychecks in the months of April and September Download our 2023 Payroll Calendar, which shows you all the important dates to keep you in compliance. Interested in learning more about GetPayroll services? If the allocated military pay and allowances are greater than or equal to the projected civilian basic pay, no reservist differential is payable for that pay period. (See NOTE 1.) FSIS Notice 52-22. A definition of "military pay and allowances" is included in OPM guidance. The table below provides the biweekly and annual premium pay caps for 2023 by locality pay area. 2022 Pay Period Inclusive Thus, an employee on military leave under section 6323(b) for a biweekly pay period can receive 10 days of paid leave (offset by military pay for those days) plus 4 days of military pay for the civilian nonworkdays (i.e., for most employees, weekend days). Then, youll have to withhold payroll taxes, which include FICA (for Social Security and Medicare) and federal income tax. 0000045820 00000 n 5 U.S.C. The table below provides the biweekly premium pay caps for 2005 by locality pay area. 5307. Reporting Period July 2-July 29 Date Due in Payroll August 3 . Expiration Date Oct 01, 2023. 0000018556 00000 n 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. 0000000016 00000 n That extra .071 is less than 10% of a single pay period. The new pay rates became effective January 1, 2023, and employees should see the increases in their January 20 th pay checks. On May 29, 2023 which falls on a Monday, Memorial Day will be a federal holiday. The agency must follow the adjustment methodology prescribed by OPM in its guidance. 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. For example, in Los Angeles, the GS-15, step 10, scheduled annual locality rate of $130,284 divided by 2,087 hours yields an hourly rate of $62.43 and a biweekly rate of $4,994.40 ($62.43 x 80 hours). WebMarch SS M T W T F S 26 27 28 11 2 / 3 4 5 6 7 8 9 10 11 1215 13 14 15 16 / 17 18 1926 20 21 22 23 24 25 26 27 28 29 30 / 31 1 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. 0000049483 00000 n 0000013606 00000 n Similarly, the Executive Schedule level V annual rate of $172,100 divided by 2,087 hours yields an hourly rate of $82.46 and a biweekly rate of $6,596.80 ($82.46 x 80 hours). Well dive into all that and more, so keep reading! However, the reservist differential will not be counted as part of aggregate compensation in applying the aggregate pay limit in 5 U.S.C. Divide their salary by 2,080 non-overtime hours in a year. The new pay rates became effective January 2023: january 13, 2024: december 02, 2023: 2024 n*S}zUd"V \ A 0}1dP\f@?{&"0w'2j\mWqqyV<5rM%I5Mg_V0N!u>bF3Qow)iv.7qB|@9% RDyMh&f9n E)79amAmURa^kCtnN$#2CMo\.{.U,d+M+" d(1w! endstream endobj 208 0 obj <>/Filter/FlateDecode/Index[6 181]/Length 29/Size 187/Type/XRef/W[1 1 1]>>stream 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 for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) level V of the Executive Schedule. xref The table below provides the biweekly and annual premium pay caps for 2014 by locality pay area. For hourly team members, you can calculate their pay this way: Take the total number of hours worked between the pay period start date and the pay period end dateand then multiply that by their hourly rate.. Chock full of important information, Key Similarly, the Executive Level V annual rate of $136,200 divided by 2,087 hours yields an hourly rate of $65.26 and a biweekly rate of $5,220.80 ($65.26 x 80 hours). 0000050174 00000 n For example, in Atlanta, GA, the GS-15, step 10, annual locality rate of $166,500 divided by 2,087 hours yields an hourly rate of $79.78 and a biweekly rate of $6,382.40 ($79.78 x 80 hours). Under 5 U.S.C. ug. Your submission has been received! (See NOTE 1.) WebPAY PERIOD CALENDAR 2024 Month Pay S Period M TW FS JAN 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1819 20 21 22 23 24 25 26 27 28 29 30 31 FEB 1 2 3 4 5 6 7 8 9 10 Webpayroll or time and attendance information. HVlx(PYf(#10L@ -0q!jyv h:< endstream endobj 2694 0 obj <>/Filter/FlateDecode/Index[32 2626]/Length 72/Size 2658/Type/XRef/W[1 1 1]>>stream WebUnder 5 U.S.C. Under 5 U.S.C. 5547(a) and 5 CFR 550.105, General Schedule (GS) employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. 0000022931 00000 n 2. 0000001692 00000 n "cGF8E?qo3cgFdXz(!Ev&V\ahS6Ga*[v &pT4I58N`UzVoY$XNvF6as(J*w8v}Dg=&6Y.Jo@z5`?foUIYG`x'^%+%7 PK ! 0000001127 00000 n 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). For example, in Atlanta, GA, the GS-15, step 10, annual locality rate of $172,500 divided by 2,087 hours yields an hourly rate of $82.65 and a biweekly rate of $6,612.00 ($82.65 x 80 hours). Webend of pay period 2023 payroll schedule holidays june september october november march december january april july february *4iT)4kF?&n=R)8'H5]_x_$fps.rCK|E^T9\Suga#wPA=T@ygT5*_8eoP- d$V1&xOT|dy\v'pFx7Y*?Cc On May 29, 2023 which falls on a Monday, Memorial Day will be a federal holiday. On July 4, 2023, which falls on a Tuesday, Independence Day will be a federal holiday. On September 4, October 9, both days falling on Mondays, Labor Day and Columbus Day will be federal holidays. 0000020172 00000 n 5547 for certain employees working overseas. By comparison, the 2024 leave year won't begin for most employees until Sunday, Jan. 14, 2024 and the 2025 leave year. ($183,500 / 2,087 = $87.93. The biweekly caps are effective as of the first day of the first pay period beginning on or after January 1, 2018. 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. 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. 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). 0000000948 00000 n Under 5 U.S.C. The biweekly premium pay cap for such employees must be computed using the procedures in the Computation section below. 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. 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