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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%.
The increase in the minimum wage, which is effective today, is a prime example. The federal minimum wage will. Big financial events bring economists and analysts out of the wood work, anxious to ...
Pay increases that were automatic under the GS system did not exist under NSPS. On October 29, 2009, this pay system was repealed, restoring all DoD employees to the General Schedule by January 1, 2012.
The federal minimum wage has been stuck at $7.25 since 2009, ... The next bump in pay came in 1996. Even with the increase, millions of minimum-wage-earning Americans were still not making $5 an ...
A 2009 CBO report indicated that $245 billion, about half of the excess spending, was a result of the 2008 TARP bailouts. Spending increases and tax credits resulting from the American Recovery and Reinvestment Act of 2009 accounted for another $200 billion of the budget deficit.
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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 ...
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