2003 BIWEEKLY CAPS ON PREMIUM PAY
(Revised
to Reflect the Consolidated Appropriations Resolution,
Public Law 108-7,
Under 5 U.S.C. 5547(a) and 5 CFR 550.105, General Schedule employees and other covered employees may receive certain types of premium pay for a biweekly pay period only to the extent that the sum of basic pay and premium pay for the pay period does not exceed the greater of the biweekly rate for (1) GS-15, step 10 (including any applicable locality rate or special salary rate), or (2) level V of the Executive Schedule. (See NOTES 1 and 2.) The biweekly rate is computed by (1) dividing the applicable scheduled annual rate by 2,087 hours, (2) rounding the resulting hourly rate to the nearest cent, and (3) multiplying the hourly rate by 80 hours. For example, in Los Angeles, the GS-15, step 10, scheduled annual locality rate of $130,284 divided by 2,087 hours yields an hourly rate of $62.43 and a biweekly rate of $4,994.40 ($62.43 x 80 hours). Similarly, the Executive Level V annual rate of $125,400 divided by 2,087 hours yields an hourly rate of $60.09 and a biweekly rate of $4,807.20 ($60.09 x 80 hours).
The
table below provides the biweekly cap amounts for 2003 by locality pay area.
These caps are effective as of the first pay
period beginning on or after January 1, 2003.
Locality Pay Area
(see NOTE 3) |
Locality Pay Percentage |
Greater
of the GS-15, Step 10, of the Executive Schedule (see NOTE 4)
|
|
---|---|---|---|
Applicable Annual Rate |
Biweekly Cap | ||
Dallas-Ft.
Worth
Minneapolis-St.
Paul
Rest
of U.S.
Outside
Continental |
10.85% 15.00% 16.00% 15.00% 16.15% 13.44% 11.50% 11.78% 12.10% 10.67% 14.77% 16.27% 15.56% 20.53% 10.06% 9.83% 10.26% 17.71% 13.81% 11.20% 12.84% 16.83% 13.43% 10.52% 12.97% 10.75% 13.29% 9.99% 14.07% 21.08% 13.11% 12.74% 9.62%
NA |
$125,400 127,284 128,391 127,284 128,557 125,558 125,400 125,400 125,400 125,400 127,030 128,690 127,904 133,405 125,400 125,400 125,400 130,284 125,967 125,400 125,400 129,310 125,547 125,400 125,400 125,400 125,400 125,400 126,255 134,000 125,400 125,400 125,400 125,400 |
$4,807.20 4,879.20 4,921.60 4,879.20 4,928.00 4,812.80 4,807.20 4,807.20 4,807.20 4,807.20 4,869.60 4,932.80 4,903.20 5,113.60 4,807.20 4,807.20 4,807.20 4,994.40 4,828.80 4,807.20 4,807.20 4,956.80 4,807.20 4,812.80 4,807.20 4,807.20 4,807.20 4,807.20 4,807.20 4,840.00 5,136.80 4,807.20 4,807.20 4,807.20 4,807.20 |
NOTE 1: In certain emergency or mission-critical situations, an agency may apply an annual premium pay cap instead of a biweekly premium pay cap, subject to the conditions provided in law and regulation. (See 5 U.S.C. 5547(b) and 5 CFR 550.106-550.107.)
NOTE 2: Section 1114 of Public Law 107-107 (December 28, 2001) amended 5 U.S.C. 5547 effective on the first day of the first pay period beginning on or after April 27, 2002. On April 19, 2002, OPM issued interim regulations implementing this new law and revising 5 CFR 550.105-550.107. The interim regulations may be viewed as a PDF or TEXT document.
NOTE 3: See 5 CFR 531.603(b) for definitions of locality pay areas.
NOTE 4: Under current law, special salary rates under both title 5 (established by OPM under 5 U.S.C. 5305) and title 38 (established by the Veterans Administration under 38 U.S.C. 7455) are capped at the rate for level V of the Executive Schedule. Thus, no GS-15, step 10, special salary rate will produce a cap higher than that shown in the above chart.
NOTE 5: The locality pay percentage for New York in 2003 (16.83 percent) is higher than the special LEO geographic pay adjustment of 16 percent. Therefore, LEOs in the New York locality pay area are entitled to receive the higher locality pay percentage (16.83 percent). The LEO special geographical adjustment in New York was terminated retroactively as of the first applicable pay period beginning on or after January 1, 2003.