Annual rates of pay.

CFR · 2024-01-01 · US · Title 5

(a)(1) An employee's annual pay is the annual basic pay of the position as fixed by law or regulation, except as otherwise provided by specific provision of law or OPM regulation. Annual pay for this purpose includes the following: (i) Any pay of a type that is treated as basic pay for purposes of the retirement systems established under 5 U.S.C. chapters 83 and 84, consistent with 5 U.S.C. 8331(3), and pay that is annual pay for purposes of the FEGLI Program as provided in Federal law and regulation; (ii) Any geographic-based pay supplement that is equivalent to a locality-based comparability payment under 5 U.S.C. 5304; and (iii) Any special pay supplement for a defined subcategory of employees that is equivalent to a special rate supplement under 5 U.S.C. 5305. (2) Notwithstanding paragraph (a) (1) of this section, annual basic pay does not include the following: (i) Bonuses, allowances, overtime pay, military pay, or any other pay to a covered civilian employee given in addition to the base pay of the position, except as otherwise provided by specific provision of law or OPM regulation. (ii) Physicians comparability allowances under 5 U.S.C. 5948. (b) To convert a pay rate of other than annual salary to an annual rate, multiply the pay rate by the number of pay units in a 52-week work year. (c) The annual pay for a part-time employee is his/her basic pay applied to his/her tour of duty in a 52-week work year. (d) The annual pay for an employee on piecework rates is the to

official document · source cfr-2024 · id 5:§ 870.204