This page explains how your final pay and time recording work.
If you’re paid through direct deposit, your final earnings will be deposited in your account, and a confirmation will be mailed to your home. If you aren’t paid through direct deposit, an earnings statement will be mailed to your home.
Most benefit and other deductions will continue to apply normally to your final pay, with some exceptions, such as the Employee Stock Purchase Plan. Please note that deductions for health and insurance coverage will be applied at the full pay period rate, even if your employment and coverage end part way through the pay period.
If you had stock deductions taken for the Employee Stock Purchase Plan (ESPP) that haven’t been used to purchase shares, they’ll be refunded to you as soon as administratively practicable. Your ESPP refund will be mailed to the same address where you receive your earnings statements.
Your final regular pay is subject to normal tax withholding. If you receive a payment of unused vacation (currently limited to team members in California, Colorado, Illinois, Louisiana, Massachusetts, Montana, Nebraska, North Dakota, and Rhode Island), keep in mind that taxes for this payment must be calculated at the supplemental tax rate, which is currently 22% for federal withholding and varies by state for state income tax withholding (for example, the California rate is currently a flat 10.23%). If you receive a severance payment or “pay in lieu,” taxes also must be withheld at this same supplemental tax withholding rate.
If you’re a nonexempt employee, it’s critical that you submit a final timecard documenting all hours worked, along with any vacation, paid sick time, or other time taken during your last pay period. Not submitting a timecard will delay processing of any additional hours owed to you.
Exempt employees don’t need to submit a final timecard, unless you need to record any vacation or floating holiday time.