This is also an issue for me in Precise 12.04.

The panel time is up to 1 second behind the system time. I have
confirmed the system time is within .0000316 of  a second by comparing
with my stratum 2 ntp router.

The panel time however is slower up to about one second or less when
compared with the routers time. This is concerning me as the maths
involved in calculating the panel clock or the code in calling and
displaying the system time is obiously causing this and in my opinion
should be an easy fix - this bug has been in the last 2 releases and is
still present. Add in drift allowance or -1 off the clock that it looks
sooooo close as to be good enough :P

I mean the ntp clock should be giving good enough data to use to make
allowance for drift etc I just don't understand why this is still a
problem


** Changed in: gnome-panel (Ubuntu)
       Status: New => Confirmed

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https://bugs.launchpad.net/bugs/731570

Title:
  Panel clock is always exactly one second late

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