Currently, pay is based on 2088 hours in a calendar year. When we switch from monthly paychecks to biweekly paychecks, there will be a different number of hours in each calendar year. How will my earnings be affected?
Employees will be paid for every hour worked. Because there are 365 days in a year, there will be a different number of pay periods each calendar year so earnings will vary slightly from one year to the next. There will be 26 pay periods in some years (like 2013) and 27 pay periods in others (like 2014). The number 2088 is used to calculate your hourly rate. This does not mean you are being paid 8 hours less than you were as a monthly paid employee.