How much comes out of each paycheck? Benefits deductions FAQs

Tags payroll

Calendar Year 2023:

When employees elect benefits and/or an HSA contribution, deductions for each pay check are calculated automatically and spread out across 26 pay checks.

On a biweekly pay check calendar, there are 26 pay periods each year, resulting in 2 months with a third pay check. In the 3rd and final pay check of those months, benefits like medical, dental, and vision insurance as well as HSA contributions are taken out of this third pay check. 

Retirement deductions are based on a percentage and are taken out of every pay check based on your retirement election.

You can find full information about the cost of each plan in the benefits guide:

Details

Article ID: 138458
Created
Thu 3/10/22 11:18 AM
Modified
Wed 7/26/23 1:23 PM

Related Articles (3)

Directions to access employee's health savings account where you can view your current HSA balance, review transactions, request reimbursements, and more.
Directions to update health savings account contributions
This article details the SJU pay calendar for exempt and non-exempt employees.