State changing practice of early pay in December
Aug 16, 2024
The Office of State Controller announced this week that it would no longer honor the decades-old practice of paying state employees early in December.
This year, employees will be paid on December 31 rather than the usual December 20.
The office argued that the practice does not comply with the State’s Cash Management Plan, which requires that it not release payments in advance of services being performed. It estimates that $78 million in salary is prepaid each year because of this practice.
SEANC sees it as a goodwill gesture by the state at the holidays, when budgets get tight. We are working closely with the State Employees’ Credit Union to offer a solution for members and expect to unveil it soon. We offer our gratitude to SECU leadership for partnering with us on this.
This week's episode of the SEANC View Podcast explores this topic. We also discuss SEANC's outreach in public schools, community colleges, and universities, with students returning to campuses in coming weeks.
We also dive into the latest challenges facing the State Health Plan, including a significant financial shortfall, the upcoming SEANC Convention, and state and national elections.
Listen to the SEANC View Podcast on Apple, Spotify, Amazon Music, YouTube, or Podbean.