WVU will issue the annual increment pay— $60 for each full year of qualifying service— to qualifying University employees, those who have three or more years of state-qualifying service, Friday (July 23); the payment will be electronically deposited into the employee’s primary bank account.
The following deductions will be taken out of the annual increment pay:
Retirement – 6%
FICA (Social Security) – 6.20%
MED (Medicare) – 1.45%
Federal Taxes – 22%
State Taxes – West Virginia, Maryland, Kentucky, Virginia and Ohio – 3.0%
State Tax – Pennsylvania – 3.07%
Annual increment pay is issued each year in July.
If you have questions regarding payroll calculations, contact WVU Payroll at payroll@mail.wvu.edu. If you have questions regarding years of service, contact the WVU Benefits Strategy team at benefitsbilling@mail.wvu.edu.