WebThis is called the biweekly premium pay cap, or the pay cap. This is cap on your pay that prevents you from making more during a two-week pay period than either (1) the biweekly rate for a General Schedule (GS) Grade 15, Step 10, employee which is the highest pay rate on the GS pay scale or (2) the pay rate for Level V of the Executive Schedule. WebMar 20, 2015 · a. Maximum Earnings Limitation (Annual versus Biweekly). The head of agency authority ... Premium pay may be paid only to employees whose duties are consistent with the provisions of the statutory authority. DoDI 1400.25-V550, March 20, 2015. Change 4, 08/09/2024 7 ENCLOSURE 3 .

U.S. Department of Commerce

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 the total of: Basic pay under 5 U.S.C. Chapter 51 (total amount of pay received at the rate fixed by law or administrative action for the position held by an employee ... WebBiweekly Premium Pay Cap. For most Federal employees, overtime pay and other “premium pay” is governed by Title 5 of the U.S. Code and related U.S. Office of … reach kennedy center schedule

Law Enforcement Officers Premium Pay Entitlements

WebJan 23, 2024 · A full list can be found here. The 2024 Premium pay cap average, across 54 localities is $168,300- about $1,925 less than the nation’s capital. Last year’s average was $163,625 meaning the cap was lifted about 2.85%. There has been an increase of 7.84% since 2015’s average of $156,070. WebExceeding the Biweekly Pay Cap. In certain emergency or mission critical situations, an Agency may apply an annual premium pay cap instead of a biweekly premium pay … Webwage grade employee basic pay rate can vary due to a shift premium. Biweekly Limit on Premium Pay under Title 5 – An employee may not receive any premium payments that, when added to the employee’s biweekly base compensation, would exceed the biweekly premium pay limit of the employee. See 5 C.F.R. § 550.105 for additional information. reach ketosis