Today's Message
Posted: Tuesday, May 1, 2007Leap Year Payroll Calculation Beginning May 2, 2007
In any fiscal year in which February 29 falls, the biweekly salary calculation is changed to calculate the biweekly payment based on 366 days in that fiscal year. Since this fiscal year beginning 4/1/07 and ending 3/31/08 will include the extra day in February, the salary calculation will be changed to reflect the new calculation. This change will result is a slight reduction in the employee’s biweekly pay. Please call the Payroll Office with any questions at ext. 4124.
