Aggregate limitation on pay
Web( 1) An authorized agency official may request that OPM waive the limitation in paragraph (a) of this section and permit the agency to pay an individual employee or group of employees a retention incentive of up to 50 percent of the employee's basic pay based on a critical agency need. WebAn employee's aggregate compensation received in any given calendar year may not exceed the rate of pay for level I of the Executive Schedule or the rate payable to the Vice President at the end of the calendar year, whichever is applicable to the employee based on the certification status under 5 CFR part 430, subpart D, of the performance …
Aggregate limitation on pay
Did you know?
WebAggregate limitation means the limitation on aggregate compensation received in any given calendar year as established by 5 U.S.C. 5307. For an executive branch employee … WebSep 13, 2016 · For calendar year 2016, the aggregate annual limit that cannot be exceeded is $205,700. Limitation on the Payment of Premium Pay The second limitation is the limit on the payment of premium pay. These provisions establish two …
WebAnnual limitation on aggregate pay. Annual aggregate compensation is limited to the rate payable for level I of the Executive Schedule at the end of the taxable year and means … Web(g) (1) If an agency determines that it underestimated an employee's aggregate compensation at an earlier date in the calendar year, or the aggregate limitation applicable to the employee is reduced during the calendar year, the sum of the employee's remaining payments of basic pay may exceed the difference between the aggregate compensation …
WebAn agency must defer all nondiscretionary payments at the time when otherwise continuing to pay such payments would cause an employee's estimated aggregate compensation for that calendar year to exceed the applicable aggregate limitation. An agency must pay any portion of a nondiscretionary payment deferred under this paragraph at a later date ...
WebThe aggregate limit to include post differential and danger pay is unlimited.The aggregate limit to include post differential and danger pay is unlimited. If an employee is deployed to any non-Footnote "N" post like Qatar or Kuwait, these countries require secondary authorization to be eligible for this waiver.
Web(13) Lump-sum payments in excess of the aggregate limitation on pay as required by § 530.204; and (14) Other similar payments authorized under title 5, United States Code, excluding— (i) Overtime pay under the Fair Labor Standards Act of 1938, as amended, and 5 CFR part 551; (ii) Severance pay under 5 U.S.C. 5595; columbus georgia water bill log inWebAGGREGATE LIMITATION ON PAY An employee may not receive any portion of an allowance, differential, bonus, award, or similar payments under title 5 in any calendar … dr. tom michaelsonWebPayments in excess of the aggregate limitation (other than basic pay) must be deferred and are generally paid as a lump-sum payment at the beginning of the following … columbus georgia weather tvWebDec 31, 2024 · A general aggregate limit of liability applies to all types of liability claims that the policy covers, such as property damage, bodily injury, personal, and advertising … columbus georgia youth hockeyWebAn official website of the United States government. Here's how you know dr tom mccawley fort lauderdaleWebFact Sheet: Aggregate Limitation on Pay Description. A limit under title 5, United States Code, on the total amount of allowances, differentials, bonuses, awards, or other similar payments an employee may receive in a calendar year, when combined with the … Aggregate limitation on pay 3: Level I of Executive Schedule: 5 U.S.C. 5307 and … columbus getaways packagesWebMar 27, 2024 · In addition, any such premium pay must also be disregarded in calculating the employee’s aggregate pay for purposes of the aggregate pay limitation under 5 U.S.C. 5307. Under this temporary authority, the combination of basic and premium pay, however, cannot exceed the rate for level II of the Executive Schedule as in effect at the … dr. tomm heek fax