I, and most other people who get paid bi-weekly, get 26 paycheques a year.
Someone pointed out to me that if I take my gross pay and multiply it by 26, it comes out to less than my supposed annual salary.
As it turns out, it comes out to my annual salary minus exactly a day’s worth of pay. This isn’t accounting for leap years, when essentially I work an extra day for free.
I figured that there had to be some accounting for this discrepancy. Is there an adjustment somewhere? Is there some reason for this?
Well… I did some digging… which is to say I printed off a bunch of calendars and worked out the pay periods and found that every 14 years, there is a LEAP PAYCHEQUE! A year with 27 paycheques in it!!!
Now, this would have been a lot more exciting if it were nearby, but it’s not. I figured out that if you get paid biweekly on Thursday, like I do, and if tomorrow is pay day for you… then the next Leap Paycheque will occur in 2020. 2020 will have three-pay months in January, July, and December!
So… woot! You heard it here first. Only 8 more years…
Incidentally, if you’re on the opposite cycle, and NEXT Thursday is your payday, then your Leap Paycheque will come in 2015. Only 4 more years for you, you lucky bastard!
Awesome. I might even be gainfully employed by 2015 or 2020.