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How come when I multiply gross pay by 26, it totals to less than my annual salary?

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How come when I multiply gross pay by 26, it totals to less than my annual salary?

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A. For full time employees paid on an annual basis, SUNY Fredonia has many payroll payment modes. A 26 pay period mode is not one of them. When an employee’s “annual” salary is paid over a full year (CAL or CYF payroll mode for “academic employees” and “professional employees” with “academic year” or “college year” obligations, respectively; ANN for calendar year obligations), the salary is based on 365 days (normal year) and 366 days (leap year). Since each pay period covers 14 days, and 26 x 14 equals only 364, it would always take a 27th check for you to have received your full annual salary (1 day more than 26 pay periods in a normal year and 2 days more than 26 pay periods in a leap year). Other factors may also affect your ability to reconcile your annual earnings, your biweekly rate, and your annual salary rate. They include start date, whether or not you are in your first year of employment, the regular lag (two weeks), the special lag (one week for all employees appointed to t

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