The Financial Services Division reminds employees they should review their electronic check stubs regularly to make sure pay, deductions and leave balances are correct. It’s that time of year when we start seeing changes in our pay checks. Your net pay changes if your salary or deductions (health insurance, Cafeteria Plan, deferred comp, etc.) change. Make sure the amounts are right.
Health insurance premiums are increasing for 2015. The deduction for your premium will also change if you made changes to your plan coverage with an effective date of Jan. 1, 2015. MoDOT health insurance premiums are paid one month in advance. The December premium deductions pay for January coverage. Any changes to your coverage for 2015 will be reflected on the Dec. 15, 2014 paycheck.
Your Jan. 15, 2015 paycheck may change as a result of the any of the following:
Federal and State Taxes
Any changes to the tax brackets for 2015 may apply beginning with this check. (Sometimes tax table changes are not available when payroll runs for the first January check and changes are not applied until the second check in Jan.)
The amounts you elected for 2015 for Flexible Medical and Dependent Care will be deducted.
If you did not opt out of the Cafeteria Plan for medical, vision, or dental premiums during the enrollment period, the premiums will not be subject to taxes and you will see an administration fee deduction.
Delta Dental and National Vision Administrators
Deductions for added or changed coverage will start with this check.
Missouri State Charitable Campaign
The amount you elected during the Charitable Campaign in October will be deducted starting with this check.
Optional Life Insurance
Employees enrolled in Optional Life Insurance coverage may see a premium change on the Jan. 15, 2015 check based on the following conditions:
- You were employed before July 31, 2014, enrolled in a multiple of 1x to 6x your annual benefit base rate, and received a salary increase between July 31, 2013 and July 1, 2014, or
- You have reached a milestone birthday in December.
If you have any questions, concerning your coverage please contact your district or division insurance representative or Employee Benefits at 877-863-9406.
If you are enrolled under MOSERS, please contact them toll free at 800-827-1063 for information concerning your benefits.
Check your address too!
It is important to make sure the address on your electronic check stub is correct. W-2s will be mailed to your home address in January. Make sure the address is current to avoid delays in delivery.
If you have any questions, please contact your district or division payroll representative or Financial Services Payroll section.