The Leap Year Ripoff

[The Yen Man]

If you're on salary, don't they just take your annual salary, divide it by 52 weeks, and then divide it again by 40 hours to come up with your per hour rate?

They then take that rate and multiply it by 10 days (if you're paid biweekly) or multiply it by the number of weekdays you worked in the 15-16 days of the month (if you're paid semi monthly). In February, they'd multiply it by the number of weekdays in the 15 and 13 days of your pay periods. On a leap year, wouldn't they multiply it by number of weekdays in the 14 and 15 day pay periods?

So if they do that, how exactly do you lose out because of a leap year day?

[darklord700]

Originally Posted by The Yen Man

So if they do that, how exactly do you lose out because of a leap year day?

If every year is 366 days, you basically don't get paid for one year of work every 366 years comparing to every year is 365 days.

[Violator]

I got overtime today so everything worked out for me

[The Yen Man]

I get paid bi-weekly, and my paystub basically has my calculated hourly rate x 80 hours. And it's consistent every paycheque. I don't get how I get shortchanged the one day during a leap year.

[Fuzz]

Originally Posted by squiggs96

I'm guessing you are outraged that you get an extra day of car insurance, rent, cable, phone.

I get that the point of this thread is faux outrage, and is a mild troll job, but the holes in your story are many and large.

If you think the phone/insurance/cable companies haven't done the math and found a way to screw us for the extra day I may have a bridge to sell you. I have no doubt those guys have it figured out.

My story has solid foundations. They are many and they are large. The fact the rest of the internet caught on to this scam, finally, are proof of that. I had this worked out 4 years ago. Unfortunately THAT message board went tits up and the post is gone. But believe me, I sowed the seeds of discontent, and they have flourished. Strong as an oak, they are.

[Yanda]

So sorry you are fortunate to have such a stable job that you earn a Salary, I shall weep for you.

[Robo]

Good thing i didnt do anything today other than curl up on a cozy recliner at work and stream the trade deadline.... That also felt like a waste of time though

[getbak]

Originally Posted by The Yen Man

If you're on salary, don't they just take your annual salary, divide it by 52 weeks, and then divide it again by 40 hours to come up with your per hour rate?

They then take that rate and multiply it by 10 days (if you're paid biweekly) or multiply it by the number of weekdays you worked in the 15-16 days of the month (if you're paid semi monthly). In February, they'd multiply it by the number of weekdays in the 15 and 13 days of your pay periods. On a leap year, wouldn't they multiply it by number of weekdays in the 14 and 15 day pay periods?

So if they do that, how exactly do you lose out because of a leap year day?

Originally Posted by The Yen Man

I get paid bi-weekly, and my paystub basically has my calculated hourly rate x 80 hours. And it's consistent every paycheque. I don't get how I get shortchanged the one day during a leap year.

Yeah, that's how I've always been paid on an annual salary. Some years there are more working days than others, but they don't adjust your hourly rate one way or the other.


I did have one job where I got paid a monthly salary, paid twice a month. Every cheque was the same amount paid on the last business day before the 15th and the last business day before the end of the month.

If you think about it, in that situation, you're screwing over your employer every February because it's 2 or 3 days shorter than the other months most years, and a day or 2 shorter in leap years. You're just screwing them over a little less in leap years.

[para transit fellow]

It is obviously the NDP's fault...

[#-3]

OP, for you we'll skip the leap year in 2100.

[troutman]

The math behind Leap Days:

http://www.slate.com/blogs/bad_astro...eap_years.html

The year is not exactly 365.25 days long. If it were, every four years the calendar would catch up to the Earth’s actual spin, and we’d be fine.

But it’s not, and this is where the fun begins.

Our official day is 86,400 seconds long. I won't go into details on the length of the year itself (you can twist your brain into knots reading about that if you care to), but the year we now use is called a Tropical Year, and it’s 365.2422 days long. This isn’t exact, but let’s round to four decimal places to keep our brains from melting.

Obviously, 365.2422 is a bit short of 365.25 (by about 11 minutes). That hardly matters, right?

Actually, yeah, it does. Over time even that little bit adds up.

[ken0042]

That's why turn of the centuries are not leap years; unless the turn of the century is divisible by 400.

So 2000 was a leap year, but 1900 was not; nor will 2100.

[mrkajz44]

I had a big argument with someone regarding the "extra day" of pay, but it turns out both of us were right.

- As said before, if you are paid bi-weekly, you do get paid for the 29th. In a normal year, you get 26.07 pay periods in the year, but in the leap year you get 26.14 pay periods. Therefore, you are paid more in the leap year and thus paid for the 29th

- If you are paid monthly or bi-monthly (such as the 15th and 30th of each month), then you do not get paid for the 29th. Your pay for the month of February will remain constant, regardless if there is 28 or 29 days in it