Per the Code Of Federal Regulations (Section 950) "The duration authorization of allotments will be in the form of a term allotment and will be in effect for a full year (26, 24 or 12 payperiods depending on alloters pay period of January and ending with the last pay period in December." Since this year is a leap year and 27 pay periods how does this work?
The CFC is only authorized to deduct contributions for 26 pay periods, even in a year when there are 27 pay periods. Payroll offices have adjusted their system to ensure that there are not 27 deductions.
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