Payroll Deductions
Don't get caught without funds in your LionCash+ account and miss out on the special discounts offered exclusively to LionCash+ users at participating on- and off-campus locations. Enroll in the LionCash+ payroll deduction program to have funds automatically deducted from your Penn State paycheck and deposited directly into your LionCash+ account.
Have a family member that attends or works at Penn State? The payroll deduction feature also makes it easy for you to fund other LionCash+ accounts - up to 5 accounts in addition to your own!
Example:
A Penn State employee can request a payroll deduction of $125 from each paycheck and designate $50 to be deposited into the LionCash+ accounts of his/her two children, who are Penn State students, and the remaining $25 to be deposited into his/her own account.
ENROLL ONLINE TODAY at www.idonline.psu.edu:
+ SIGN ON to the "Manage Your Accounts" link using
your Penn State Access Account User ID and Password
+ SELECT the "Deposit LionCash+ Funds with Payroll
Deduction" option
+ COMPLETE the required fields
+ SUBMIT the deduction request
+ CONFIRM amount to process request
The amount of your LionCash+ payroll deduction and how the deduction should be distributed can be updated conveniently and securely anytime online. The total current deduction amount, at the time of payroll processing, will be deducted from your paycheck. The amount requested will be deposited into the designated LionCash+ account(s) at approximately 10:00 pm on the day before the pay date. You will receive a confirming email indicating that the deposit(s) has been made. Those receiving a deposit distribution will also receive an email informing them of the deposit.
Payroll processing normally occurs four business days prior to the pay date. If you are submitting a new deduction request close to the time of processing, there is a chance that your request will not be processed until the next pay date. If you have elected to deposit funds into multiple accounts and change the deposit distribution (update/delete lines or amounts) close to the time of payroll processing, there is a chance that the amount deducted from your pay may not match your new LionCash+ deposit distributions. If that occurs, your payroll deduction will be proportionally deposited into existing LionCash+ accounts. If your net pay is not sufficient to cover the deduction amount, or if you are not paid in a given pay period, no deduction will be made.
For security, when a new payroll deduction is added or a deduction amount/distribution is changed, you will be notified of the details of the change via an email sent to your Penn State email account.
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