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Treasury Changes Timing for Processing Direct Deposits

2025 Holiday Schedule for Time & Attendance Reporting and Electronic Funds Transfer (EFT) Pay Dates Reminder

MEMORANDUM

DATE: November 26, 2024
TO: Federal Personnel and Payroll System User Group Members
FROM: Lisa Puente, Deputy Chief, Payroll Operations Division
SUBJECT:  2025 Holiday Schedule for Time & Attendance Reporting and Electronic Funds Transfer (EFT) Pay Dates Reminder


Holiday Schedule for Time & Attendance Reporting

Please distribute this information to all Human Resource Offices, Payroll Coordinators, Liaisons and other appropriate individuals in your organization.  Based on the 2025 Federal holidays, early submission of Time and Attendance Reports for all clients is required for the following pay periods (PPs).  The submission must be one business day earlier than the usual time frame.  It is important to document the early submissions required for the PPs identified below and mark your calendars accordingly.  Please note that five to six weeks prior to each PP listed below, we will issue a memo with specific submission deadlines.

PPPP End Date
2025-01December 28, 2024 (early calculate for all pay groups)
2025-13June 14, 2025 (early calculate for all pay groups)
2025-14June 28, 2025 (early calculate for all pay groups)

As a reminder, the 2025 earnings year has 26 PPs from December 15, 2024, through December 13, 2025, and the leave year has 26 PPs from January 12, 2024, through January 10, 2025.  We have attached the 2025 Payroll Schedule calendar below. Please click here to print and save the calendar through the IBC website.

To order copies of the 19” X 24” calendar, email request to ibc_facilities_lakewood@ibc.doi.gov.  The email subject must read: 2025 Payroll Calendar Request. You may also mail requests to:

One Denver Federal Center
Building 48
Denver, CO 80225

EFT Pay Dates

The EFT pay date is determined by the pay processing group to which your agency's data is assigned in the FPPS.  The pay date should be when funds should be deposited into an employee’s bank account.  Below is a table that reflects the EFT pay date by pay processing group and the “official pay date” for all agencies is the second Tuesday following the end of the PP.  If you are unsure of which pay processing group your agency is in, you can review the Pay Processing Group - Report.       

Pay Processing GroupsEFT Pay DateOfficial Pay Date
1 (241) and 4 (244)Same as Official Pay DateSecond Tuesday following the end of the PP
2 (242) and 3 (243)Normally the first Friday following the end of the PP

As a reminder, we issued a user group communication dated October 25, 2024, with the subject: “Department of Treasury Changes to Direct Deposit Payment File Releases”, advising you that the Department of Treasury changed when direct deposit payment files are released to financial institutions.  Some employees may have been accustomed to their financial institutions processing direct deposits in advance of their agency’s EFT pay date, which may no longer occur.  However, some institutions may continue to advance funds prior to the EFT pay date.  We ask that you remind your employees that IBC is unable to address any deposits made on any date prior to the established EFT pay date.

If there are any questions, please contact the IBC Customer Support Center at Payroll_Helpdesk@ios.doi.gov or 1-866-367-1272

 

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