[Federal Register: December 29, 1999 (Volume 64, Number 249)] [Rules and Regulations] [Page 72889] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr29de99-1] ======================================================================== Rules and Regulations Federal Register ________________________________________________________________________ This section of the FEDERAL REGISTER contains regulatory documents having general applicability and legal effect, most of which are keyed to and codified in the Code of Federal Regulations, which is published under 50 titles pursuant to 44 U.S.C. 1510. The Code of Federal Regulations is sold by the Superintendent of Documents. Prices of new books are listed in the first FEDERAL REGISTER issue of each week. ======================================================================== [[Page 72889]] ======================================================================= ----------------------------------------------------------------------- OFFICE OF PERSONNEL MANAGEMENT 5 CFR Part 534 RIN 3206-AI59 Pay Under Other Systems AGENCY: Office of Personnel Management ACTION: Technical amendment. ----------------------------------------------------------------------- SUMMARY: This document contains a technical amendment to the final regulations that were originally published in the Federal Register on Friday, January 2, 1987 (52 FR 1). This technical amendment implements statutory changes in the total amount of performance awards that may be granted to career members of the Senior Executive Service in a fiscal year. These changes were enacted by Public Law 105-277, the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999, October 21, 1998. EFFECTIVE DATE: December 29, 1999. FOR FURTHER INFORMATION CONTACT: Anne Kirby, (202) 606-1610, FAX (202) 606-0557, or email to seshelp@opm.gov. SUPPLEMENTARY INFORMATION: Public Law 105-277, enacted on October 21, 1998, amends 5 U.S.C. 5384(b)(3) to increase the total amount of SES performance awards that may be paid during a fiscal year. The public law changed the award pool configurations to 10 percent (formerly 3 percent) of aggregate career SES basic pay, or 20 percent (formerly 15 percent) of the average annual rates of career SES basic pay. The new award pool provisions could be used for SES performance awards paid any time after enactment of the public law. In accordance with 5 U.S.C. 553, I find that, as these amendments are mandated by statute, notice and public procedure thereon are impracticable, unnecessary, and contrary to the public interest. Regulatory Flexibility Act I certify that these changes will not have a significant economic impact on a substantial number of small entities because the regulations pertain only to Federal employees and agencies. List of Subjects in 5 CFR Part 534 Government employees, Hospitals, Students, Wages. Office of Personnel Management. Janice R. Lachance, Director. Accordingly, OPM is amending 5 CFR part 534 as follows: PART 534--PAY UNDER OTHER SYSTEMS 1. The authority citation for part 534 continues to read as follows: Authority: 5 U.S.C. 1104, 5307, 5351, 5352, 5353, 5376, 5383, 5384, 5385, 5541, and 5550a. Subpart D--Pay and Performance Awards Under the Senior Executive Service 2. Amend Sec. 534.403 by revising paragraph (b) to read as follows: Sec. 534.403 Performance awards. * * * * * (b) The total amount of performance awards paid during a fiscal year by an agency may not exceed the greater of-- (1) Ten percent of the aggregate career SES basic pay for the agency as of the end of the fiscal year prior to the fiscal year in which the award payments are made; or (2) Twenty percent of the average annual rates of basic pay for career SES appointees of the agency as of the end of the fiscal year prior to the fiscal year in which the award payments are made. * * * * * [FR Doc. 99-33583 Filed 12-28-99; 8:45 am] BILLING CODE 6325-01-U