SIMERP Pay-Stub Comparison
Simpler payroll. Stronger benefits. A clearer way to understand the mechanics.
Illustrative exampleNot a guaranteed result.
PCBP Example Paycheck
Illustrative example: same gross pay, potentially lower applicable taxable wages.
This sample bi-weekly earnings statement illustrates how enrolling in the PCBP program may affect a paycheck.
BEFORECurrent Paystub
| Earnings | Rate | Hours | This Period |
|---|---|---|---|
| Regular | 22.0000 | 80.00 | 1,760.00 |
| Overtime | 30.0000 | 12.57 | 377.10 |
| Gross Pay | $2,137.10 | ||
| Statutory Deductions | |||
| Federal Income Tax | -279.16 | ||
| Social Security Tax | -121.95 | ||
| Medicare Tax | -28.52 | ||
| IL State Income Tax | -88.36 | ||
| Other | |||
| Den Pre Tax | -25.37* | ||
| Life | -2.51 | ||
| Med Pre Tax | -141.53* | ||
| Vis Pre Tax | -3.33* | ||
| Vol Crit Ill | -10.43 | ||
| Vol Std | -70.61 | ||
| 401K $ | -181.89* | ||
| Net Pay | $1,183.44 | ||
Federal taxable wages$1,784.98
AFTERWith PCBP Program
| Earnings | Rate | Hours | This Period |
|---|---|---|---|
| Regular | 22.0000 | 80.00 | 1,760.00 |
| Overtime | 30.0000 | 12.57 | 377.10 |
| Gross Pay | $2,137.10 | ||
| Statutory Deductions | |||
| Federal Income Tax | -185.83 | ||
| Social Security Tax | -84.95 | ||
| Medicare Tax | -19.87 | ||
| IL State Income Tax | -58.82 | ||
| Other | |||
| Den Pre Tax | -25.37* | ||
| Life | -2.51 | ||
| Med Pre Tax | -141.53* | ||
| Vis Pre Tax | -3.33* | ||
| Well Pre Tax | -596.76* | ||
| Vol Crit Ill | -10.43 | ||
| Vol Std | -70.61 | ||
| Well After Tax | -131.15 | ||
| WIMPER Reimb (add) | +596.76 | ||
| 401K $ | -181.89* | ||
| Net Pay | $1,220.81 | ||
Federal taxable wages$1,188.22
* Excluded from federal taxable wages. This paycheck comparison is an illustration, not a guaranteed employee result. It reflects a hypothetical employee working in Glenview, Illinois. Actual results vary based on location, tax rates, wages, payroll circumstances, benefit elections and eligibility.
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