What do I need to do if I have a 401(k) or a 457 loan?

Payroll has mailed letters to everyone who currently has a 401(k) or 457 loan.  Employees MUST reach out to Prudential, now Empower, and follow the instructions in the letter.  Empower is aware of our change to bi-weekly pay but you will need to remind them to calculate your new payment schedule for 24 times a year (twice per month).  They will refigure your loan paperwork and send it to you for signature.  You can call 866-627-5267, select option 2, for assistance.

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1. When will biweekly payrolls begin?
2. When will I get paid?
3. What days will I be paid for?
4. What can I do now to help with the transition of getting paid every two weeks.
5. Will I get paid the same?
6. Do I need to notify my bank?
7. What should I do about my bank drafts?
8. For Public Safety Departments, how will fluctuating overtime be paid?
9. How will part time employees be paid when we transition to biweekly payroll?
10. Will timesheets change?
11. Do I need to notify my health or benefit providers about the change from monthly to bi-weekly payrolls?
12. For Sheriff & Detention Employees, how will my pay change?
13. For 401(k) deductions, will I need to make any change?
14. For Federal and State Withholding taxes, do I need to change anything?
15. What do I need to do if I have a 401(k) or a 457 loan?