How to create a function to get the 16th of the current month and the 15th of the next month

I need to create a function to get the 16th of the current month and 15th of the next month to use it in the fast formula to calculate the sick leave.
Example:
If an employee takes a sick leave from 16 feb 2015 to 17 feb 2015 , I want it to affect march's payroll not February.
Please help and thanks in advance.

Below statement gives you the result. Use the concept and write your PL/SQL function.
select TO_DATE('16-'||TO_CHAR(SYSDATE, 'MON-RRRR')), TO_DATE('15-'||TO_CHAR(add_months(SYSDATE, 1), 'MON-RRRR')) from dual;
Or you can use same construct directly in the fast formula by changing syntax accordingly.
Regards,
Peddi.

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