§531.607. Computing hourly, daily, weekly, and biweekly locality rates.
5 C.F.R. § 531.607
Apply the following methods to convert an annual locality rate to an hourly, daily, weekly, or biweekly rate:
To derive an hourly rate, divide the annual locality rate by 2,087 and round to the nearest cent, counting one-half cent and over as the next higher cent.
To derive a daily rate, multiply the hourly rate by the number of daily hours of service required by the employee's basic daily tour of duty.
To derive a weekly or biweekly rate, multiply the hourly rate by 40 or 80, as applicable.
Notwithstanding paragraph (a) of this section, for a firefighter whose pay is computed under 5 U.S.C. 5545b, a firefighter hourly locality rate is computed using a divisor of 2,756 hours instead of 2,087, as prescribed in 5 CFR part 550, subpart M. Also, such a firefighter's weekly and biweekly locality rates must be based on the firefighter's extended tour of duty as prescribed in that subpart.
Notes, amendments, and revision history
Amendments
[70 FR 31304, May 31, 2005]
Source
Source: 58 FR 69174, Dec. 30, 1993, unless otherwise noted.
Authority
Authority: 5 U.S.C. 5115, 5307, and 5338; sec. 4 of Public Law 103-89, 107 Stat. 981; and E.O. 12748, 56 FR 4521, 3 CFR, 1991 Comp., p. 316; Subpart B also issued under 5 U.S.C. 5303(g), 5305, 5333, 5334(a) and (b), and 7701(b)(2); Subpart D also issued under 5 U.S.C. 5335 and 7701(b)(2); Subpart E also issued under 5 U.S.C. 5336; Subpart F also issued under 5 U.S.C. 5304, 5305, and 5941(a); E.O. 12883, 58 FR 63281, 3 CFR, 1993 Comp., p. 682; and E.O. 13106, 63 FR 68151, 3 CFR, 1998 Comp., p. 224.
Amendments
[70 FR 31304, May 31, 2005]