Important note for those in the SERS and Hybrid retirement programs:
As you likely are aware, last September, as a result of the SEBAC agreement, we started contributing an additional 1.5 percent of our earnings toward our retirement.
This increase didn't take effect until the seventh pay period of fiscal 2018. Therefore we have to "make up for" the first six pay periods in which that increase was not deducted. These catch-up payments will be spread out over the last 13 pay periods of fiscal 2018, starting with the paycheck dated Jan. 13.
MORE