Federal Holiday 2020 (Your Ultimate Guide)

Federal employees get ten paid holidays each year. However, private companies may or may not pay employees who take days off on such holidays, and if private-sector employees do work on said days, there is also no guarantee of getting overtime pay or holiday pay. Nevertheless, it depends on the company policy about federal holidays, which I will provide you in this article. Meanwhile, I encourage you to visit MoneyBrighter for your financial concerns. 

Federal Holidays in USA 2020 | What is the next Federal Holiday?

What are the Federal Holiday Dates for 2020? 

Here’s a complete list of all the federal holidays for 2020. 

  • New Year’s Day 
  • Martin Luther King, Jr. Birthday 
  • Washington’s Birthday 
  • Memorial Day 
  • Independence Day 
  • Labor Day 
  • Columbus Day 
  • Veterans Day 
  • Thanksgiving Day 
  • Christmas Day 

2020 government holiday calendar

DateDayHoliday
January 1WednesdayNew Year’s Day
January 20MondayMartin Luther King, Jr. Birthday
February 17MondayWashington’s Birthday
May 25MondayMemorial Day
July 4Saturday (observance will be Friday)Independence Day
September 7MondayLabor Day
October 12MondayColumbus Day
November 11WednesdayVeterans Day
November 26ThursdayThanksgiving Day
December 25FridayChristmas Day

Do take note that, Inauguration Day is indeed a paid federal holiday that takes place every four years and celebrated on January 20th or the 21st (if 20th falls on a Sunday).

Independence Day is commonly known as the “4th of July.” Washington’s birthday, meanwhile, is mostly called Presidents Day.

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Policy on weekend federal holidays

If a federal holiday falls on a weekend, observance of it would be on the coming Monday (if a holiday falls on a Sunday) or the Friday before (if the holiday falls on a Saturday). 

State laws on federal holidays

Guidelines on the observance of federal holidays may vary by state or locality. Check with your local or state Department of Labor for guidelines on leave and pays. 

Private sector observance of holidays

Private companies are not mandated to cease operation on holidays nor pay for overtime or holiday pay to employees who choose to work on said dates. Also, even if they do close, they are not legally bound to paid time off (PTO) for employees. If you are in the private sector, check your company policy regarding leave and pay on holidays. 

The Society for Human Resources Management (SHRM), in 2016, reports from a survey that on average, private companies offer pays for nine out of ten federal holidays and observe seven of these holidays:

  • New Year’s Day 
  • Memorial Day 
  • the day before Independence Day 
  • Independence Day 
  • Labor Day 
  • Thanksgiving 
  • Christmas  

No more than two-quarters of these companies offer paid time off for the following:

  • Martin Luther King Jr.’s birthday 
  • Presidents Day 
  • Columbus Day 
  • Veterans Day 

Read more about banking services in time for the holidays. Learn how to increase your line, verify your card, and reach out to customer service.

What holidays are you entitled to?

If you do not get informed during the interview or hiring about holiday policies, take it upon yourself to ask when you get a job offer. 

You must know your company’s or your target company’s policy on holidays so that you know what to expect on such days. Gather this information before you even sign your hiring agreement. You don’t want to find yourself in a situation where you expect to get paid and not get any or you expect to have an off and yet be required to work. 

Additional days off

Apparently, there are private companies that give additional holidays off according to 2017 Paid Leave in the Workplace survey by the International Foundation of Employee Benefits. Among these added perks are Christmas Eve and New Year’s Eve. Meanwhile, some employers cease operations on federal holidays and give a week of paid holiday leave between Christmas and New Year’s. Finally, there are those that offer floating holidays off to employees of around one or two days per year.

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Your employment Status and PTO

There are times when your work status in the private sector would determine whether you are eligible for paid holidays. Full-time and tenured workers are more likely to enjoy paid holidays than part-time employees do. Rank may also be a factor. Check your eligibility in your employee handbook or with your Human Resource Department.

You might be wondering why the holiday pay or off is not mandatory. The 1938 Fair Labor Standards Act (FLSA) or the “Wage and Hour Bill” posits that companies are not required to pay time not worked, including vacations or holidays. Consequently, holiday benefits are merely arrangements between employers and employees as lined up in the company policy. It could be a negotiated agreement also between a company and the employee’s representative if there are unions or collective bargaining units.

Working on holidays

There are workers who are more likely to be asked to work on federal holidays; they are mostly emergency personnel and those in the healthcare industry, shift workers, retail employees, and those in the service industry.

Despite not being mandated by laws, incentives are given generally to people who are asked to work on federal holidays. Hospitals, for instance, do not require an employee to work on both Christmas and Thanksgiving; he or she would only work on one of these two holidays. Some companies give double the regular pay on holidays as incentives. As always said, find out your incentives for working on holidays from your Human Resources Department. 

If you’re working on the holidays, make sure that the extra pay gets reflected on your bank account. Check out our guides for HSBC, Bank of America, and Chase.

FAQ

📅 What are federal holidays in 2020?

The federal holidays for 2020 are as follows. 
-- New Year’s Day 
-- Martin Luther King, Jr. Birthday 
-- Washington’s Birthday 
-- Memorial Day 
-- Independence Day 
-- Labor Day 
-- Columbus Day 
-- Veterans Day 
-- Thanksgiving Day 
-- Christmas Day 

❓ How many federal holidays 2020?

There are 10 federal holidays for 2020.

💰 Is holiday pay double time?

While many private companies do give double pay time on holidays for people who are working on said days, do know that this is not mandated by law and only comes with company policy, so there is no guaranteed that you will get double pay time on said federal holidays if you work. Check your Human Resources Department to know your incentives.

🏧 What days are banks closed in 2020?

Banks will be closed on all 10 federal holidays; those days would be as follows:

January 1, Wednesday (New Year’s Day)
January 20, Monday (Martin Luther King, Jr. Birthday)
February 17, Monday (Washington’s Birthday)
May 25, Monday (Memorial Day)
July 4, Saturday (Independence Day)
September 7, Monday (Labor Day)
October 12, Monday (Columbus Day)
November 11, Wednesday (Veterans Day)
November 26, Thursday (Thanksgiving Day)
December 25, Friday (Christmas Day)

🐣 What dates are Easter holidays 2020?

Easter 2020 dates are as follows:
Good Friday -- April 10 (bank holiday)
Holy Saturday -- April 11
Easter Sunday or Easter Day -- April 12
Easter Monday -- April 13 (bank holiday)

🧮 How do you calculate holiday pay?

It typically is 12.07% calculated by taking 5.6 weeks of holiday divided by 46.4 weeks; that is 52 weeks less 5.6 weeks. Thus, the accrued rate is 12.07% per hour. This rate means, if you worked 20 hours a week, then they would become eligible to take 144 minutes of paid leave.

💰 Do you get paid time and a half for Black Friday?

Those entitled to overtime pays are nonexempt employees like those in the retail and hospitality industry. Thus, if you worked for over 40 hours during the week of Thanksgiving, you could get “time and a half” of pay.

⌚ How long do you have to work to get holiday pay?

Typically you would get 5.6 weeks of paid holiday yearly so long as you work five days per week.

Conclusion

Being shy about things that you have a right to know will only put you in a difficult position when the holidays come. It is reasonable to know if you are to work or not on a holiday and if you are getting any incentive or not if you do work. At least, you can set your expectations. 

Meanwhile, I suggest you plan your vacations in 2020 with the federal holidays in mind. Ask yourself if you would be taking leave or working on the coming holidays. 

Let me know what you think; drop me a message below. 

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