Leap years and your pension
February 29, 2016
2016 is a leap year. What does the extra work day mean for your pension?
Every four years we get to enjoy an extra day in February. This year, February 29 falls on a Monday. What does this extra work day in the calendar mean for your pension?
The answer is…
Pension credit is determined using school year calendars, and the Ministry of Education sets these calendars. They're usually 194 days.
The bottom line: in a leap year, you really don't work an extra day. The working days in the school year are just redistributed.