Example

River Bend Hospital pays employees using bi-weekly and monthly pay frequencies, and defined the following pay plans for 2001:

BWEX—Bi-Weekly Exempt Pay Schedule

BWEX is assigned to all Bi-weekly exempt employees in the company.

  • First pay period end date = January 13, 2001

  • Pay frequency = Bi-Weekly

MEX—Monthly Exempt Pay Schedule

MEX plan is assigned to all Monthly exempt employees in the company.

  • First pay period end date = January 31, 2001

  • Pay frequency = Monthly