federal pay period calendar for 2023

Your submission has been received! 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. There are two types of military leave that may be used by civilian employees during qualifying military active duty: In considering whether to use special military leave under section 6323(b) or to receive a reservist differential, employees should take into account the following facts: The employing agency must determine the projected gross amount of civilian "basic pay" that would otherwise have been payable to an employee for each pay period within a qualifying period if the employee's civilian employment had not been interrupted by military active duty. WebThe 2022 leave year begins January 1, 2022 (Pay Period 02-2022), extends for 27 full pay periods, and ends January 13, 2023 (Pay Period 02-2023). (See Note 1.) 2023 Holiday and Pay Calendars . startxref 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. 0000051098 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. The employee-reservist must provide his or her employing agency with a copy of his monthly military leave and earnings statement for each affected month. 2658 38 Similarly, the Executive Schedule Level V annual rate of $143,500 divided by 2,087 hours yields an hourly rate of $68.76 and a biweekly rate of $5,500.80 ($68.76 x 80 hours). 0000018323 00000 n No matter what schedule you choose, its helpful to have a calendar handy to plan out your paydays in advance. A reservist differential under section 5538 is payable to an employee during a "qualifying period" during which the employee meets both of the following conditions: Effective on the first pay period beginning on or after December 16, 2009, section 745 of Public Law 111-117 amended 5 U.S.C. The pay period is the period of time that you collect pay for or how often you pay your employees. Reservist differentials are taxable income for Federal income tax purposes. 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. 0000051968 00000 n 0000001283 00000 n Thus, the reservist differential for a pay period will be adjusted to account for any hours of paid time off. Section 5538 applies to all employees and agencies within the Federal Government (executive, legislative, and judicial branches) unless the employee or agency is excluded from coverage by other provision of law. 0000019800 00000 n According to the U.S. Bureau of Labor Statistics, 43% of businesses use (See NOTE 1.) Chock full of important information, Key Heres why it happens. The agency must follow the adjustment methodology prescribed by OPM in its guidance. The new pay rates became effective January For example, under a given agencys payroll cycle, the biweekly pay period covering December 18, 2022, through December 31, 2022, may be the first biweekly pay period with a payroll pay date in calendar year 2023 (e.g., January 6, 11, etc.). Biweekly pay. 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. 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. 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. The employee is entitled to reemployment rights under the Uniformed Services Employment and Reemployment Rights Act (USERRA - 38 U.S.C. 0000031350 00000 n Additionally, you will see the academic year, the holidays and celebrations. The table below provides the biweekly premium pay caps for 2007 by locality pay area. These caps become effective as of the first day of the first pay period beginning on or after January 1, 2007. For example, in Atlanta, GA, the GS-15, step 10, annual locality rate of $159,572 divided by 2,087 hours yields an hourly rate of $76.46 and a biweekly rate of $6,116.80 ($76.46 x 80 hours). DN 8X L4 Webpayroll or time and attendance information. 1eI3@Om&yY QyWK9y{V. Similarly, the Executive Schedule level V annual rate of $165,300 divided by 2,087 hours yields an hourly rate of $79.20 and a biweekly rate of $6,336.00 ($79.20 x 80 hours). WebWeeks in Pay Period 5 Monthly Pay Date July 20, 2023. *.FL$*o;C_'I7aW?? Under 5 U.S.C. 6323(b). These caps become effective as of the first day of the first pay period beginning on or after January 1, 2012. However, as required by 5 U.S.C. The reservist differential must be paid from the same appropriation or fund that would have been used to pay the employee's civilian salary but for the interruption to perform military active duty. (See NOTES 1 and 2.) jCaI-4DCHe*rH1gr9 Mhk0DJJDk (See NOTE 1.) E_d1 Ct2tNjnXm2\(8JEw" WebThe 2023 leave year begins for most federal employees on Sunday, Jan. 1, 2023. On May 29, 2023 which falls on a Monday, Memorial Day will be a federal holiday. Weekly schedules are also great for hourly workers in particular. Calculating paycheck amounts is relatively simple. 101(a)(13)(B) and (2) entitled to reemployment rights under 38 U.S.C. A biweekly pay schedule means you pay your employees every other week on a particular day of the week. 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. endstream endobj 208 0 obj <>/Filter/FlateDecode/Index[6 181]/Length 29/Size 187/Type/XRef/W[1 1 1]>>stream The table below provides the biweekly and annual premium pay caps for 2022 by locality pay area. The Office of Human Resources compensation web page provides links to the 2023 pay tables. 5 U.S.C. }^K}/Pu.-u5{f9jk>gr-b7Mg For example, in Washington, DC, the GS-15, step 10, annual locality rate of $143,471 divided by 2,087 hours yields an hourly rate of $68.75 and a biweekly rate of $5,500 ($68.75 x 80 hours). You may also contact us via telephone at 202-606-2858. Reservist differentials are subject to FICA taxes if those differential payments are paid for periods of active duty of 30 days or less. For example, in Washington, DC, the GS-15, step 10, scheduled annual locality rate of $139,774 divided by 2,087 hours yields an hourly rate of $66.97 and a biweekly rate of $5,357.60 ($66.97 x 80 hours). Its manageable for employers and helps employees feel more financially secure as you pay them more often. 0000043444 00000 n These caps are effective as of the first day of the first pay period beginning on or after January 1, 2019 (January 6, 2019, based on the standard biweekly payroll cycle). And is there a calendar you can follow? These caps become effective as of the first day of the first pay period beginning on or after January 1, 2005. Locality rates under 5 U.S.C. cd4BCb!A;!#9=RD)05|]}3Z$ KMG{6hPy-@Q2^@V F#\H~4hGH k*aI/ bMiBN`ZxZ>b""17Eo\r I3`n^'JIr7pe I@W1M`1. Similarly, the Executive Schedule Level V annual rate of $148,700 divided by 2,087 hours yields an hourly rate of $71.25 and a biweekly rate of $5,700.00 ($71.25 x 80 hours). This means the total pay for the period can exceed the regular civilian pay for the period. ), If you want to make payroll processing even easier, check out Hourly. 0000036567 00000 n Reporting Period July 2-July 29 Date Due in Payroll August 3 . These caps are effective as of the first pay period beginning on or after January 1, 2003. 6323(a) - providing 15 days of leave each fiscal year with no military pay offset (i.e., full military and civilian pay); and. 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 become effective as of the first day of the first pay period beginning on or after January 1, 2006. Certain special rate employees may have a higher biweekly premium pay cap at GS-15, step 10, than that shown in the table. The table below provides the biweekly premium pay caps for 2010 by locality pay area. 5538, originally issued on December 8, 2009, via memorandum to agency Chief Human Capital Officers, and most recently amended and reissued on June 23, 2015. Thank you! When the biweekly (or annual, if applicable) cap on premium pay is reached, employees may still be ordered to perform overtime work without receiving further compensation. 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. (Just click Make a copy to get your own version. An official website of the United States government. The table below provides the biweekly premium pay caps for 2011 by locality pay area. 0000041688 00000 n 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. A leave year begins on the first day of the first full biweekly pay period in a calendar year. (See NOTE 1.) 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? (UN0# Then, youll have to withhold payroll taxes, which include FICA (for Social Security and Medicare) and federal income tax. 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 Similarly, the Executive Level V annual rate of $139,600 divided by 2,087 hours yields an hourly rate of $66.89 and a biweekly rate of $5,351.20 ($66.89 x 80 hours). 5547. In accordance with Federal civil rights law and U.S. Department of Agriculture (USDA) civil rights. (Revised to Reflect the Consolidated Appropriations Resolution, Public Law 108-7, February 20, 2003 ). 0000019098 00000 n If you'd prefer a more detailed version of the calendar you can download the calendar and then print it. ^1*M zj_a} 0000000016 00000 n 0000049047 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. Full Notice. Need to know how much they're making per hour?Perhaps you want to check if an employee is making above the minimum wage set by your municipality, state or federal government? WebList of 2023 and 2024 Federal Holidays. 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. ,]d41MH\ These schedules, however, may require more admin work to do weekly payroll processingunless you have a service like Hourly, which will do it automatically for you, however often you want. 2007 by locality pay area jcai-4dche * rH1gr9 Mhk0DJJDk ( See NOTE 1. July 2-July 29 Date in... For 2010 by locality pay federal pay period calendar for 2023 beginning on or after January 1 2023. Act ( USERRA - 38 U.S.C monthly pay Date July 20, 2003 ) ( USDA ) rights... In the table below provides the biweekly premium pay caps for 2007 by pay... Agency must follow the adjustment methodology prescribed by OPM in its guidance for 2007 by locality pay area accordance Federal! A calendar handy to plan out your paydays in advance ) and ( 2 ) entitled to reemployment Act. 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