Premiums, retirement contributions and Annual Enrollment changes may cause slight changes in your check.
Do you cover any dependents on health or dental insurance? Did you add any benefits during Annual Enrollment? If so, your paycheck will look slightly different on October 1.
Health and certain dental premiums increased for Fiscal Year 2015, and most Annual Enrollment elections take effect September 1.
In addition, your retirement contribution is increasing from 6.4% to 6.7%, so you will see a slight change there.
Should you have questions about your retirement contributions, please contact Teacher Retirement System at 1-800-223-8778.
Source: ERS Employee News
Categories: Benefits, Money, News, Personal Finance, Retirement, Your Pay