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Pay System Has Benefits
The last issue of the NIH Record reported that the Department of Health and Human Services is replacing the old payroll system, IMPACT, with the Defense Finance and Accounting Service (DFAS) on Mar. 20. A few features of DFAS that will affect you are: the official payday will be Friday instead of Tuesday; you will be allowed to increase your number of allotments from 3 to 7; awards will be paid on the official payday instead of Tuesday, as they are now; and lump sum payments for accrued annual leave will be made immediately after you leave federal service.
One of the biggest benefits of the change from IMPACT to DFAS is that a system called "MyPay" will be implemented, taking the place of the current Employee Express system. Would you like a more user-friendly system to manage your finances and government benefits? Would you like to be able to print your Leave and Earnings Statements (payslips) from anywhere? Would you like to be able to print your own W-2 at the end of the year, without waiting for "snail mail" or worrying about receiving it before Apr. 15? If you separate, would you like to be able to print out your own last payslip and lump sum annual leave payment payslip? If you answered "yes" to any of these questions, then MyPay matters to you. With MyPay, all employees, including committee members and other intermittent employees, will be given a PIN, and allowed to make changes to their health benefits, life insurance, Thrift Savings Plan and tax data, as they do now through Employee Express, but in an easier fashion.Be looking for posters, fliers, table tents, emails and more Record articles to alert you to updates and employee briefings about DFAS and MyPay.
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