11/19/2009

...an update on my recent raise

Last month I wrote about the raise I received which was effective on October 3, 2009. I guessed at what my income would be, and even shared what my first new pay cheque looked like, but now that I have had a few, I thought I would share what my income looks like now.

My benefit premiums are split over two pay periods each month, dental comes off of each and my Long Term Disability premiums come off the second.  Due to this, each pay is not the same. My pay is now $1320.52 and $1,289.93 or $2,610.45/month.  This is true for 10 months out of the year.  Two months out of the year, I receive three pays.  During these months, on the third pay period, no benefit premiums will be deducted and my pay will be $1,333.87.

My net increase in pay, each month, was $95.  That said, on October 1, 2009 our benefit premiums actually increased slightly, so my net pay increase after that is considered, is actually $90.50. Not too shabby during a recession.

Related Posts:

  • PayDay!It's my pay day...and my raise went through!  My salary is now $75,000 or $38.46/hours (I work a 37.50 hour work week).  After that my bi-weekly deductions include: CPP/EI - $192.70 Federal/Provincial Taxes - $5… Read More
  • Salary ReviewWell, it's that time of the year again...salary review time. Most of you know that my career in in Human Resources. Specifically right now, I work in the Learning & Development department of my organization. I've been wi… Read More
  • Jordan's JobBack in January, Jordan started a new job much closer to home.  His commute was cut from 45 minutes, down to about 7 minutes.  It's lowered both our gas and insurance bills and has immensely improved his job satisfa… Read More
  • Employer Paid Top UpHow did 15 weeks go by already? Back in October, when I was waiting for Little Man to arrive, I mentioned that one of my benefits was a salary top up.  When on an eligible maternity leave, and approved for Employment In… Read More
  • Raise the RoofWell, not the roof actually. Jordan just got a raise!  Woohoo!  Great timing with the renovations about to start and me about to go on Maternity Leave.  The excitement is because we have no idea when these cha… Read More

8 comments:

  1. Not shabby at all, and April will be here before you know it.

    ReplyDelete
  2. Looking forward to that, I'm dreaming of a number that starts with a 5

    ReplyDelete
  3. More money is always good. Congrats on a recession raise. I think we're all a little jealous :)

    ReplyDelete
  4. and what do you plan on doing with that $90.50. Acting like it is not given to you and directing it automatically to a debt payment or savings account? Hmmm... ;)

    ReplyDelete
  5. @ Money Funk - It's been absorbed into reaching various goals as well as debt repayment.

    ReplyDelete
  6. So what are you doing with the difference between the two paychecks?

    ReplyDelete
  7. When I do up my bi-weekly budgets, if there is any 'extra' it will go straight to my student loans :)

    ReplyDelete
  8. Any increase is a good increase in my book :)

    ReplyDelete

Hi! Thank you for stopping by and leaving a message.

Links ♥

Followers