Forum Thread

What happens if payroll deduction is larger than the check?

slickness123 1,679 1,322 June 1, 2016 at 08:23 AM
Deal
Score
0
1,577 Views

Thread Details

I want to enroll in my employer's ESPP. I can contribute a maximum of $6,000 over a 6 month period, so $500 per paycheck. However, I'm paid hourly, and there are some weeks where I have no work. What happens if $500 gets deducted from a paycheck that I don't have?

5 Comments

1

Sign up for a Slickdeals account to remove this ad.

#2
my experience with espp has been that you designate a percentage of your pay, not a dollar amount.
Reply Helpful Comment? 0 0
Joined Jul 2005
killroy was here
9,118 Posts
1,224 Reputation
#3
I'd imagine if there is nothing to deduct from, nothing happens. or it causes the stock market to crash.
Reply Helpful Comment? 2 0
so i spent time making a signature. only to realize that you couldn't put an image in the signature. please enjoy the link to my signature, assuming it works.

http://imgur.com/FtBghZ2
#4
They'll just adjust it downward.
Reply Helpful Comment? 0 0
Quote from charles052 View Post :
You have blind faith whereas I do not.

Quote from skiman View Post :
I can't escape the mental picture. theblaze.com is very clearly some sort of information anus yet some posters seem eager to attach their lips and deliver the product here.
Joined Jan 2004
L10: Grand Master
14,929 Posts
1,093 Reputation
#5
Quote from slickness123 View Post :
I want to enroll in my employer's ESPP. I can contribute a maximum of $6,000 over a 6 month period, so $500 per paycheck. However, I'm paid hourly, and there are some weeks where I have no work. What happens if $500 gets deducted from a paycheck that I don't have?
Perhaps I dunno you should ask your employer bulb
Reply Helpful Comment? 0 0
Joined Dec 2008
L10: Grand Master
6,025 Posts
1,944 Reputation
#6
There is usually a limit of pay that can be deducted per check, in the plan document. It could be anything. They would then adjust according to that rule.

This is fairly common in Healthcare, tons of per diem workers with retirement deductions.
Reply Helpful Comment? 0 0
Page 1 of 1
1
Join the Conversation
Add a Comment
 
Copyright 1999 - 2016. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)  •  Interest-Based Ads
Link Copied to Clipboard