TA 16-06 Net Salary Payment Date Changes for Calendar Year 2017

Published: December 16, 2016
Effective: Pay Period 25, 2016

Summary

National Finance Center (NFC) customers are being reminded of changes to the net salary payment dates for calendar year 2017.

Implementation

The first business day after payroll processing weekend is the official payment date for Direct Deposit and paper check net salary payments. Generally, net salary payments are processed with Monday's date. However, when a Federal holiday falls on payroll Monday, these payments are processed with Tuesday's date. The table below reflects the pay periods impacted by this change in calendar year 2017.

Pay Period	Revised Direct Deposit/Paper Check Date	Reason for Change(s)
PP25/2016	Tuesday, January 3, 2017	Due to the New Year's Day holiday occurring on Monday, January 2, 2017.
PP26/2016	Tuesday, January 17, 2017	Due to Martin Luther King, Jr. Day holiday occurring on Monday, January 16, 2017.
PP19/2017	Tuesday, October 10, 2017	Due to the Columbus Day holiday occurring on Monday, October 9, 2017.

Note: Some financial institutions may credit Direct Deposit funds to personal bank accounts prior to the above official payment date. When this occurs, the bank will process the net salary payment as "pending" or "memo posting" transactions with an effective date of Monday (or Tuesday, if Monday is a Federal holiday). This earlier posting to personal bank accounts is a courtesy by some financial institutions, not all.

By regulation, financial institutions are not obligated to post funds earlier than the official payment date. NFC customers should not rely on their financial institution providing an earlier "memo posting" of their net salary payment prior to the above official payment date.

Inquiries

For questions about NFC processing, authorized Servicing Personnel Office representatives should contact the NFC Contact Center at 1-855-NFC-4GOV (1-855-632-4468) or via the Internet using the Requester Console.