Upcoming schedule change for deducting benefit insurance premiums
Starting in 2024, the payroll deduction schedule for most benefits will be changing. Currently, benefit insurance premiums for most benefits are deducted one month prior to the coverage month. Starting in 2024, benefit insurance premiums will be deducted in the same month as the coverage month.
Benefit insurance premiums will not be deducted from Dec. 14 and Dec. 28 paychecks for the following insurance plans: State Group Health, dental, vision, life insurance, accidental death & dismemberment, and/or accident insurance. Employees may see more take-home pay on these paychecks. Benefits coverage will remain active in December 2023. Deductions for benefit insurance premiums will resume on the Jan. 11, 2024, paycheck.