Update: delay in conversion to bi-weekly pay
We have been notified that the Go Live of the wvOASIS payroll system has been delayed from January 2015 to April 2015. Along with this will be a delay in the conversion to bi-weekly pay. We do not have specifics on whether it will change the pay dates, but we still want to encourage our employees to begin making preparations for the eventual change in the pay cycle. Directions on how to access a bi-weekly pay estimator is available on our website at http://www.marshall.edu/paychanges/.
This delay, however, did not have any impact on the arrears conversion, which occurred on September 30. We would like to let budget units know that the arrears conversion pay will not be hitting their budgets in Banner; it will be recorded centrally. What it means is that for those departments with employees who were converted is that there will only be one regular pay posted to September. The salary encumbrance for those employees will not be relieved until after the October 16 pay which, as a reminder, is for the time worked September 16 to September 30.
Marshall University is committed to making these pay changes as smooth and as transparent as possible for employees. That’s the reason we’ve compiled a Frequently Asked Questions page.
Our change, along with all other state agencies, to bi-weekly pay will undoubtedly affect your finances and how you pay your bills. You will be paid every two weeks on Fridays when the bi-weekly pay starts. That adds up to 26 pay periods per year, rather than the 24 pays per year you currently receive. This means you’ll get somewhat less per check, although your yearly pay will not change.
It’s a good idea to start thinking now about this change and how it will affect, for example, any automatic payments you have set up, such as mortgages, car payments or credit card payments. You may want to contact the lenders in some cases.