Leap Year Factor Will Affect Your Paycheck

April 30, 2019

Notice to all full-time employees:

The leap-year factor change will take effect in the 5/1/2019 paycheck.

The bi-weekly gross pay for employees paid on an “annual salary basis” (full-time employees), is calculated on either a 365-day or 366-day calendar year if the year is a leap year. Since the leap year will fall during the state’s fiscal year (April 1 – March 31), in which a leap year falls (an extra day in February), employees will notice a reduction in their gross bi-weekly pay even though their salary does not change. For example, bi-weekly gross pay of an academic employee paid in this mode will be calculated as 14/366th of his/her annual salary during a leap year, and as 14/365 of the base annual salary during a regular year.

For questions or comments, contact Darlene Hayhow at 631-420-2714 or Barbara Kaplan at 631-420-2325.