§534.407. Pay computation and aggregate compensation.
5 C.F.R. § 534.407
Except as provided in paragraph (b) of this section, pay for members of the SES must be computed in accordance with 5 U.S.C. 5504(b).
To determine the hourly rate of pay for members of the SES, divide the annual SES rate of basic pay by 2,087 and round to the nearest cent, counting one-half cent and over as a whole cent. To derive the biweekly rate, multiply the hourly rate by 80.
Senior executives are subject to the applicable aggregate limitation on pay in 5 CFR part 530, subpart B.
Notes, amendments, and revision history
Amendments
[69 FR 70367, Dec. 6, 2004]
Source
Source: 54 FR 2987, Jan. 23, 1989, unless otherwise noted.
Authority
Authority: 5 U.S.C. 1104, 3161(d), 5307, 5351, 5352, 5353, 5376, 5382, 5383, 5384, 5385, 5541, 5550a, sec. 1125 of the National Defense Authorization Act for FY 2004, Pub. L. 108-136, 117 Stat. 1638 (5 U.S.C. 5304, 5382, 5383, 7302; 18 U.S.C. 207); and sec. 2 of Pub. L. 110-372, 122 Stat. 4043 (5 U.S.C. 5304, 5307, 5376).
Amendments
[69 FR 70367, Dec. 6, 2004]