Opm 2024 Pay Periods. Federal employees will have 27 pay periods for the 2023 leave year, instead of the usual 26, since the leave calendar started for most agencies on january 1, 2023, and ends on. The annual premium pay cap applies to basic pay and premium pay earned in biweekly pay periods that have a payroll pay date in the given calendar year.
Normally, there are 26 pay periods in a calendar year, though 2023 was unique and had 27. Federal employees will have 27 pay periods for the 2023 leave year, instead of the usual 26, since the leave calendar started for most agencies on january 1, 2023, and ends on.