Pub. L. 83-74, tit. IV, sec. 405

Sec. 405. (a) For all pay computation purposes affecting employees covered by this Act, basic per annum rates of compensation established by this Act shall be regarded as payment for employment during fifty-two basic administrative workweeks. (b) Whenever for any such purpose it is necessary to convert a basic annual rate established by this Act to a basic biweekly, weekly, or daily rate, the following rules shall govern: (A) An annual rate shall be divided by fifty-two or twenty-six as the case may be, to derive a weekly or biweekly rate; or 67 Stat. 77 (B) A weekly or biweekly rate shall be divided by five or ten, as the case may be, to derive a daily rate. All rates shall be computed to the nearest cent, counting one-half cent and over as a whole cent (c) For all officers and employees referred to in this Act, each pay period shall cover two administrative workweeks.