Paychecks to Have More Money ... for Now
University employees in the Arizona State Retirement System may have noticed a tiny increase in their May 18 paychecks.
A 0.65 percent increase, to be exact.
And there's more on the way for those employees. Gov. Jan Brewer signed HB 2264 (PDF) into law on May 7, repealing legislation passed last year that required state employees to chip in more than half of the amount that goes into the retirement system each paycheck.
Plus, all employees who are on the state health plan will have two paychecks in the coming fiscal year, which begins July 1, in which no health insurance premiums will be withheld. That's in addition to the June 29 and Nov. 30 paychecks, which are the third checks of those months and therefore will not include some deductions, including health premiums.
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