Friday, December 18, 2009

Pay Period Leap Year

2009 is a pay period leap year at my company. We will have 27 pay periods instead of 26. The company did not adjust the bi-weekly pay, which means that we will effectively receive a pay increase this year. So far HR has not communicated anything to the employees or taken any credit for it.

I had calculated my salary deferral to have my 401k contributions maxed out on the 26th pay period. I will therefore miss out on the 4% company match on that extra 27th pay period.

The pay period leap year happens every 11 years. I’ll have to remember to be more careful in calculating my 401k salary deferral in the year 2020!

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