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Biweekly vs. Semimonthly Pay: What's the Difference?

Biweekly and semimonthly pay sound similar, but they are different. A biweekly employee normally receives 26 paychecks per year, while a semimonthly employee normally receives 24.

Biweekly pay

Biweekly means once every two weeks. Most months contain two paydays, while two months in a typical year contain three.

Semimonthly pay

Semimonthly means twice per month, often on predetermined dates.

Example with a $60,000 salary

ScheduleApprox. gross paycheck
Biweekly — 26 checks$2,307.69
Semimonthly — 24 checks$2,500.00

The annual gross salary remains $60,000 either way. The difference is how that salary is distributed through the year.

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For general educational purposes only; not tax, legal, payroll, or financial advice.