YEAR END CROSSOVER PAY PERIOD EXAMPLEThe pension year is based on a calendar year. Therefore, the pensionable earnings in the pay periods at the start and end of the year must be allocated to their respective calendar year so that each year reflects only those earnings which pertain to service rendered from January 1st to December 31st.
The pay period at the beginning of 2013 has some earnings which pertain to 2012. The pay period at the end of 2013 has some earnings which pertain to 2014.
Based on the example below, six pensionable days of earnings were moved out of 2013 because they pertain to 2012 and 3 pensionable days of earnings were moved out of 2013 because they pertain to 2014.
| Pay Period
|| Pension Treatment
|December 23, 2012 - January 5, 2013|| 6 days moved
|4 days remain
|December 22, 2013 - January 4, 2014|| 7 days remain
|3 days moved
This adjustment ensures that each year includes only service rendered during that year.