No change in rate of pay
However, your hourly paychecks may appear smaller than you are used to since you will now have a greater number of pay periods each year.
Over the past several years, federal and state laws have widened the scope of employees who are eligible for overtime pay. On December 31, 2020, New York State (NYS) salary will increase its salary threshold to $48,750 annually ($937.50 per week). Salaries below this amount are eligible for overtime pay, and therefore, staff making below this new threshold amount must be paid on an hourly basis to accommodate the need to track and pay any eligible overtime.
Effective September 27, 2020, salaried employees making under $48,750 annually ($937.50 per week) will be transitioned to hourly-paid.
If you’re an employee being impacted by this change in the fall of 2020, we’ve compiled some helpful resources and information below.
If you are an employee that will be transitioning to hourly-paid as part of this plan for fall 2020, below are the top things you need to know. You can reference our transition checklist for a quick summary of what to expect, as well.
However, your hourly paychecks may appear smaller than you are used to since you will now have a greater number of pay periods each year.
There will be a one-time transition payment on Oct 2. The Transition Pay Calculator tool will be available on August 21. It shows you how the change will affect your paychecks and how your gross transition pay was calculated. Visit HRMS: Main Menu > Self Service > Payroll and Compensation > Transition Pay Calculator.
Your benefits eligibility will remain the same as long as you remain in the same role. This includes vacation days, sick days, etc.
You will receive your last salaried paycheck on Sept. 30 for work through Sept. 26, and your first hourly paycheck on Oct. 16, covering Sept. 27 – Oct. 10.
You will need to record your time on a daily basis beginning Sept. 27. Discuss time reporting procedures with your manager.
First hourly pay period: Sept. 27 – Oct. 10, 2020
Last salaried pay paycheck: Sept. 30
First hourly paycheck: Oct. 16
We are here to help you! You can contact your supervisor or Ask-URHR with any questions. In addition, we’ve compiled some frequently asked questions below.