Beginning July 1, OTC is updating our payroll system. Pay periods will now be calculated from mid-month to mid-month, so you’ll be paid for the weeks worked in a given month rather than one-twelfth of your annual salary. This changeover will in no way affect how much you get paid annually or your benefits. However, the size of your paychecks will be different depending on whether a given month has four or five weeks. While the total hours you’ll be paid for each year will match up exactly with your employment agreement, you’ll have to plan for the four months when your checks will be larger than the other eight months.
Over the next month, OTC will work to align the two systems. You will receive your normal pay period check for the pay period of June 1-30 on June 30. Your next paycheck, calculated under the new system’s pay period of June 19-July 16, will go through July 29.