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The Federal Salary Council (FSC) is an advisory body of the executive branch of the United States government. Established under the provisions of Title 5, section 5304(e) of the United States Code, the FSC provides recommendations on the locality pay program, [1] created by the Federal Employees Pay Comparability Act of 1990 (FEPCA).
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 ...
For example, federal employees paid on the General Schedule may not earn more than the rate for Level IV of the Executive Schedule, after factoring in GS special rates and locality pay. [4] Because of these pay caps and freezes to the Executive Schedule, federal workers at the top of their pay bands are often unable to receive pay increases ...
Microsoft Corp., CVS Health Corp., Macy's and two other companies have agreed to review their policies on executive compensation at the request of the New York state pension fund and Comptroller ...
Once a month you'll receive an email to update you on the features you've activated. Your AOL MyBenefits email includes • Explains all the wonderful benefits available to you as part of your plan.
In December 2007, the President's Pay Agent reported that an average locality pay adjustment of 36.89% would be required to reach the target set by FEPCA (to close the computed pay gap between federal and non-federal pay to a disparity of 5%). By comparison, in calendar year 2007, the average locality pay adjustment actually authorized was 16.88%.
(Reuters) -CVS Health said on Tuesday it would lay off about 2,900 employees, representing less than 1% of its workforce, as the healthcare conglomerate aims to cut costs.
Workers at seven CVS pharmacies in Southern California have gone on strike for better pay and health care and to protest what they say is bad-faith contract bargaining by the company. The walkout ...