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The Federal Employees Pay Comparability Act of 1990 or FEPCA (H.R. 5241, Pub. L. 101–509) is a United States federal law relating to the salaries for employees of the United States Government. In the 1980s, salaries for civil servants in the executive branch had fallen behind private sector pay. FEPCA was enacted to provide guidelines to ...
Wages adjusted for inflation in the US from 1964 to 2004 Unemployment compared to wages. Wage data (e.g. median wages) for different occupations in the US can be found from the US Department of Labor Bureau of Labor Statistics, [5] broken down into subgroups (e.g. marketing managers, financial managers, etc.) [6] by state, [7] metropolitan areas, [8] and gender.
The index is also used in determining annual US government-employee salary adjustments by across-the-board General Schedule adjustments. National Compensation Survey – Employment Cost Trends produces quarterly indexes measuring change over time in labor costs (ECI) and quarterly data measuring level of average costs per hour worked (ECEC).
Earnings in all years prior to two years before the current year are indexed for inflation. This is done by multiplying the amount credited to the Social Security earnings record in any given year by an indexing factor. The indexing factor is the ratio of the Wage Index two years before the current year to the Wage Index during the earnings year.
Trump's plans could boost the inflation rate by as much 1 percentage point, bringing it to an annual rate of about 3.6% — above the Fed's 2% goal — some Wall Street experts have forecast.
The remaining 29 percent were paid under other systems such as the Federal Wage System (WG, for federal blue-collar civilian employees), the Senior Executive Service and the Executive Schedule for high-ranking federal employees, and other unique pay schedules used by some agencies such as the United States Securities and Exchange Commission and ...
Review your options for awarding year-end bonuses to your SMB workforce without breaking the bank.
Most don't realize that higher interest rates influence the size of lump sum pension payouts and could drive some to retire this year instead of next.