My Employer Changed Payroll Periods from Semi-Monthly to Biweekly
My employer paid semi monthly and decided to change to biweekly. Each year at the beginning of the year we sign paperwork stating our annual salary. The year they switched pay periods I was paid exactly what the paperwork I signed agreed to.
The following year I signed new paperwork with my new salary for the new year. Then I was advised that since they paid me my correct salary for the first year, and the last week of the year was paid to me in the following year, they then reduced my annual salary by one week of pay.
The last week of the first year was December 26th through December 31st, which was paid January 9th. My paperwork said my salary for that year was going to be $46,000.00 however they only paid me $45,500 since they felt they paid me too much for the prior year. When I look at my paperwork, 45,000 for year one and 46000 for year two, and they paid me 450000 for year one, and 45,500 for year 2. Can an employer do that? I am exempt - salaried if that makes a difference. The company did this to all exempt/salaried staff. Where can I find a ruling on this subject?