benefits
DESCRIPTION
changes to your benefitsTRANSCRIPT
Memorandum
To: Employees with a Company Benefit Plan
From: Human Resources
Date: September 19th, 2011
Re: Benefit Premium Deductions
This memo is only for employees that participate in a company benefit plan.
As part of the move towards an improved HRIS system, we will be making a
change to how benefit premiums are currently deducted from paystubs.
For those who have benefit deductions, we are moving from a monthly
deduction schedule (deductions on the first pay date of each month) to a
semi-monthly schedule (deductions twice a month). The amount deducted
will be split; however, the total amount of the benefit deductions will remain
unchanged.
If you do not have any benefit premiums being deducted, there will be no
change.
What does this mean?
It simply means that instead of having one large deduction each month, you
will have two lesser amounts deducted each month. This change will be
effective when we implement the new system and you will see your paystubs
online through the ‘Employee Express’. The implementation date will be
announced at a later time.
If you have any questions or concerns, please contact your Manager.