You might want to double-check.Brianmcg321 wrote: ↑Sun Nov 08, 2020 7:08 amI get paid every other Friday. The 1/1 is a payday for me also.Tom_T wrote: ↑Sat Nov 07, 2020 9:50 am Getting paid on 1/1 seems odd to me. I get paid the 15th and end-of-month, adjusted for weekends/holidays. If Sunday is the 15th, I get paid Friday. If Friday is December 25th or January 1st, I get paid Thursday. I can only speak for myself, but I've had a few jobs over many years in Corporate America, and this has always been the practice.
I want to highlight in general there are two completely separate discussions going on in this thread.
First, that those paid fortnightly mostly have 26 pay periods, but occasionally have 27. Some employers apparently adjust pay and benefits costs in such years. This seems bizarre to me, when you could instead just index everything to the pay period. The only impact would be the tax impact of the annual pay being occasionally a bit higher from the extra pay period.
Second, that those expecting to be paid on 1/1 may have their payday moved to 12/31 because 1/1 is a bank holiday. I checked my company calendar and it says I'll be paid on 1/1, but the last time I was supposed to be paid on a bank holiday (Christmas a few years ago), they moved it up by a day. I'm concerned that this will both impact my tax planning and lose my 401k match if an extra after tax contribution gets made as part of that paycheck.