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Pension spiking, sometimes referred to as "salary spiking", [1] is the process whereby public sector employees are granted large raises, bonuses, incentives or otherwise artificially inflate their compensation in the time immediately preceding retirement in order to receive larger pensions than they otherwise would be entitled to receive.
The most far reaching provisions of the Act were to change the way pay is set for the General Schedule and to maintain comparability by locality. It also called for establishment of the following special pay plans: Senior Level (SL) employees (non-supervisory and non-managerial employees classified above grade 15 of the General Schedule), administrative law judges (AL), members of the Boards ...
The increases between steps for Grades GS-1 and GS-2 varies between the steps; for Grades GS-3 through GS-15 the increases between the steps are the same within the grade but increase as the grade increases. The table is revised effective January of each year (officially, the first full pay period which begins in January) to reflect the basic ...
The major provisions in the act included, but were not limited to, performance appraisals for all employees, merit pay on a variety of levels (but focusing on managerial levels), and modifications for dealing with poor performers. [3] This merit pay system was a break in the long tradition of automatic salary increases based on length of service.
Some changes, such as general salary increases for entire bargaining units or special salary adjustments for whole job classes, can be programmed en masse by the controller’s office. Others must ...
The National Security Personnel System (NSPS) was a pay for performance pay system created in 2004-5 under authorization by Congress for the United States Department of Defense (DoD) [1] and implemented in mid-2006.
That will include the salary of top officials like County Administrator Michael McCoy, who serves basically as the government's CEO and earns $173,230 per year, and Assistant County Administrator ...
A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee's level, rank or status within the employer's organization, the length of time that the employee has been employed, and the difficulty of the specific work performed.