Change in Payment dates for Longshore Payroll Effective 12/15/2009
PMA is changing the weekly payroll processing so that funds for Longshore Payroll must be received via same day Fedwire by 11 am PST on the Tuesday following the end of the payroll week (instead of by Wednesday.)
By rolling back the payroll funding date, PMA will have sufficient time to deal with any member who fails to pay. Currently payroll funds are received after checks have been sent and the payroll funding transfers have been initiated.
We recognize that this is a significant change for members at a time when changes in cash flow require advance notice. In order for members to have sufficient lead time, the pre-billing invoices will start on November 30 for Payroll Week #49-09, but the change in the payment date will not take effect until December 15, the first Tuesday following the end of Payroll Week #51-09.
The procedure and implementation schedule is as follows:
Effective for Payroll Week #49-09: Beginning November 30, a Pre-Billing invoice will be posted to each member by 7 pm PST Monday. On Tuesday, when the full payroll is run, a final invoice will be posted by Tuesday evening at 7 pm PST.
Effective for Payroll Week #51-09 : Beginning December 15, 2009, funds for Longshore Payroll during regular week processing schedules must be received via same day Fedwire by 11 am PST on the Tuesday following the end of the payroll week (instead of by Wednesday).
Each week, when the full payroll is run on Tuesday, a final invoice will be posted Tuesday evening by 7 pm PST. Any over/underpayment greater than $5,000 resulting from the difference between the prebilling and the final weekly invoice will be due by Thursday of the same week. Smaller differences will be added to/subtracted from the following Tuesday pre-bill.
Note that in short weeks, such as the upcoming Veteran’s Day, Thanksgiving, Christmas and New Years weeks, the invoices are posted early Tuesday, and wire payments are due at the end of day Tuesday (This is not a change to the existing procedure).
Please contact Pam Pratt if you have questions regarding this change (503) 827-4040.
Mark H. Langner
Director, Payroll Services