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Transition Payment For Bi-Weekly Pay |
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Tuesday, 21 November 2006 |
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As has been previously communicated, you will be transitioning to the new payroll system called eLink effective 12/17/06. Concurrent with the move to the new payroll system, you will no longer be paid on a weekly basis but will instead be paid on a biweekly basis As a result of negotiations between the Company and the CWA and IBEW, you will receive a payment of $850 on 12/29/06 to assist you with the transition from weekly to biweekly pay. Extended Compensation Option (ECO) participants are also eligible for this payment.
This payment will be listed on your pay stub as “TRANS PAY”. It will be delivered via your normal delivery method, i.e. to your work location, US Mail to your home address or EFT stub suppression. Payment will be made via a live check or EFT deposit based on your normal disbursement method. This special payment will be flat taxed and include any applicable savings plan contributions, union dues and cashier deductions. If you have any questions regarding your check (delivery, taxes, deductions, etc.), you may contact payroll at 1-877-HRANSWERS (1-877-472-6793), prompt 3 for payroll. |
