fiscal YEAR END – the perfect storm

WORKING DAYS IN FY 2013 COMP. CODE 1 and 6 (12 month) – EFFECTIVE PP 15 260 COMP. CODE 3 (10 MONTH) -- EFFECTIVE PP 19 215

FISCAL YEAR OVERLAP (THE SO-CALLED “SPLIT PAY PERIOD” ) NONE PP 14 – FY 2012 PP 15 – FY 2013

NO SUPPLEMENTAL PAY PERIOD WILL ACCOMMODATE BOTH FISCAL YEARS SUPPLEMENTAL N – FY 2012 DUE ON CP MONDAY JULY 9 SUPPLEMENTAL O AND THEREAFTER – FY 2013

HAS THIS HAPPENED BEFORE? (THE GOOD OL’ DAYS OF CENTRALIZED PAYROLL) FY 2001 – July 1, 2000 No FY split – no multiple FY Supplemental last chance Supplementals due July 10 FY 2002 – July 1, 2001 Last chance Supplementals due July 9 FY 2003 – July 1, 2002 Exactly the same as this time

A glimmer of hope  /small consolation  All previously discussed payroll deduction increases take effect PP 14. 12 month employees: How much more we gettin’ on PP 15? (assuming 10.0 days pay) $25,000 -- $3.69 $50,000 -- $7.37 $75,000 -- $11.06 $100,000 -- $14.73 $125,000 -- $18.42