§451.304. Payment of Rank Awards.
5 C.F.R. § 451.304
Receipt of the Distinguished rank by an SES career appointee or a senior career employee entitles the individual to a lump-sum payment of an amount equal to 35 percent of annual basic pay, which shall be in addition to the basic pay paid under 5 U.S.C. 5376 or 5382, or any award paid under 5 U.S.C. 5384.
Receipt of the Meritorious rank by an SES career appointee or a senior career employee entitles such individual to a lump-sum payment of an amount equal to 20 percent of annual basic pay, which shall be in addition to the basic pay paid under 5 U.S.C. 5376 or 5382, or any award paid under 5 U.S.C. 5384.
Payment of rank awards must comply with the restrictions on annual aggregate compensation at 5 U.S.C. 5307.
Notes, amendments, and revision history
Amendments
[67 FR 52596, Aug. 13, 2002, as amended at 72 FR 44367, Aug. 8, 2007]
Source
Source: 67 FR 52596, Aug. 13, 2002, unless otherwise noted.
Authority
Authority: 5 U.S.C. 4302, 4501-4509; E.O. 11438, 33 FR 18085, 3 CFR, 1966-1970 Comp., p. 755; E.O. 12828, 58 FR 2965, 3 CFR, 1993 Comp., p. 569.
Amendments
[67 FR 52596, Aug. 13, 2002, as amended at 72 FR 44367, Aug. 8, 2007]