Wednesday, December 7, 2016 - 2:45pm

For teachers, the January 1 paycheck is to be deposited on the first banking day in January. This year that day will be Tuesday, January 3, given that Monday, January 2, 2017 is a Federal Reserve Bank holiday. A deposit on December 31 would cause one to have to pay taxes on those funds for 2016, i.e., one would pay income tax on 13 months of wages in 2016. Paper direct deposit statements for teachers will be distributed at each person’s work location on January 4, the day school resumes. For those who receive electronic direct deposit statements, e-mails will be sent to District email addresses on December 29, with funds being deposited on January 3.

For substitute teachers, verification will be on or about January 4.

Members of MTI’s clerical/technical (SEE-MTI), educational assistants (EA-MTI) and security assistants (SSA-MTI) bargaining units’ paychecks will be directly deposited on December 23. Paper direct deposit statements will be distributed at each person’s work location on January 4. For those who receive electronic direct deposit statements, e-mails will be sent to district e-mail addresses on December 21.

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