5547(a) and 5 CFR 550.105, General Schedule (GS) 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 payment or special rate supplement), or (2) level V of the Executive Schedule. 0000051098 00000 n Similarly, the Executive Level V annual rate of $128,200 divided by 2,087 hours yields an hourly rate of $61.43 and a biweekly rate of $4,914.40 ($61.43 x 80 hours). These caps are effective as of the first pay period beginning on or after January 1, 2003. Your employees net pay after taxes for the period is $723.15. As the business owner, this is entirely up to youbut the most popular payroll schedule is biweekly. The table below provides the biweekly premium pay caps for 2008 by locality pay area. (See NOTE 1.) 6323(b) - providing up to 22 days of leave each calendar year but with civilian pay offset by the amount of military pay allocated to those leave days, as required by 5 U.S.C. The table below provides the biweekly premium pay caps for 2005 by locality pay area. These caps are effective as of the first day of the first applicable pay period beginning on or after January 1, 2004. WebPAY PERIOD CALENDAR 2024 Month Pay S Period M TW FS JAN 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1819 20 21 22 23 24 25 26 27 28 29 30 31 FEB 1 2 3 4 5 6 7 8 9 10 The biweekly premium pay cap for such employees must be computed using the procedures in the Computation section below. 0000051968 00000 n The reservist differential must be paid from the same appropriation or fund that would have been used to pay the employee's civilian salary but for the interruption to perform military active duty. Under 5 U.S.C. The employing agency will determine whether the employee-reservist meets the conditions described above. Thus, the reservist differential for a pay period will be adjusted to account for any hours of paid time off. ,]d41MH\ Reservist differentials are subject to FICA taxes if those differential payments are paid for periods of active duty of 30 days or less. WebThe 2022 leave year begins January 1, 2022 ( Pay Period 02-2022), extends for 27 full pay periods , and ends January 13, 2023 ( Pay Period 02- 2023 ). Heres how to do it: To calculate gross pay for salaried employees, divide the total salary by 26 (the total number of pay periods)., For example, lets say you have a full-time office worker that receives a salary of $44,200. 5538 to clarify that the reservist differential is not payable for periods following completion of active duty. h1 04)(i2x!!. The biweekly premium pay cap is computed by: (1) dividing the applicable 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. This document provides guidance to agencies on implementing a law providing differential payments to eligible Federal civilian employees who are members of the Reserve or National Guard (hereafter referred to as reservists) called or ordered to active duty under certain specified provisions of law. 2023: january 13, 2024: december 02, 2023: 2024 6323(b). 5538, employing agencies must pay differential payments to eligible Federal civilian employees who are members of the Reserve or National Guard (hereafter referred to as "reservists") called or ordered to active duty under certain specified provisions of law. 5547(a) and 5 CFR 550.105, General Schedule (GS) 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 payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. 2022 Pay 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). 0000050744 00000 n The table below provides the biweekly and annual premium pay caps for 2023 by locality pay area. The biweekly caps are effective as of the first day of the first pay period beginning on or after January 1, 2018. So, for the example above, we would divide $44,200 by 2,080 hours. 5376, Alert: Paysetting for FWS to GS Movements, NAFI Employees Moving to General Schedule (GS) Positions - Setting Pay, Official Worksite for Location-Based Pay Purposes, Pay Action Examples in the Federal Wage System, Pay Action Examples Other than Promotions and Grade and Pay Retention, Rates of Pay to Use in Processing Pay Actions, Retention Incentives (likely to leave the Federal service), Retention Incentives (likely to leave for a different Federal position), Group Retention Incentives (likely to leave for a different Federal position), Recruitment, Relocation, and Retention Incentives: Coverage of Non-General Schedule Employees Under Single-Agency Pay Systems, Recruitment, Relocation, and Retention Incentives Oversight and Accountability, Special Conversion Rules For Certain Non-GS Employees, Superior Qualifications and Special Needs Pay-Setting Authority, Compensatory Time Off for Travel - Examples, Compensatory Time Off for Travel - Questions & Answers to Fact Sheet, Federal Holidays - Work Schedules and Pay, Guidance on Applying FLSA Overtime Provisions to Law Enforcement Employees Receiving Administratively Uncontrollable Overtime Pay, Night Shift Differential for Federal Wage System Employees, A covered employee is absent from a Federal civilian position in order to perform active duty in the uniformed services pursuant to a call or order to active duty under section 331, 332, 333, 688, 12301(a), 12302, 12304, 12304a, 12305, or 12406, of title 10, United States Code, and is serving on such qualifying active duty; and. The employee-reservist must provide his or her employing agency with a copy of his or her military orders. The calendar link can be used to import federal holidays into any major calendar softwares including Microsoft Outlook, Apple Calendar, Google Calendar. WebWeeks in Pay Period 5 Monthly Pay Date July 20, 2023. (See NOTE 1.) Under 5 U.S.C. Reservist differentials would be reported as wages in box 1 of Form W-2 and in line 7 of Form 1040. If you want to find out when your 27-period year is due, you can speak with a human resources specialist who can look at your previous records and let you know when youll need to add an extra payday to your schedule. Expiration Date Oct 01, 2023. 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. %PDF-1.4 % The biweekly rate is computed by: (1) dividing the applicable 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. 5gouispK~l>iCxGnF*l0b,U^LLU|pEe^O?j{4f PK ! 0000019440 00000 n (`E?"J.w4e./t1(X- Under 5 U.S.C. (UN0# As the employer, you dont need to plan too much for this since it happens automatically due to your payment schedule. Similarly, the Executive Schedule Level V annual rate of $147,200 divided by 2,087 hours yields an hourly rate of $70.53 and a biweekly rate of $5,642.40 ($70.53 x 80 hours). Similarly, the Executive Level V annual rate of $136,200 divided by 2,087 hours yields an hourly rate of $65.26 and a biweekly rate of $5,220.80 ($65.26 x 80 hours). We will open an initial registration period for a minimum of 14 calendar days each fiscal year. Under 5 U.S.C. 0000050174 00000 n 5547(a) and 5 CFR 550.105, General Schedule (GS) 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 payable for (1) GS-15, step 10 (including any applicable locality payment or special rate supplement), or (2) the rate payable for level V of the Executive Schedule. Additionally, you will see the academic year, the holidays and celebrations. 0000051458 00000 n On July 4, 2023, which falls on a Tuesday, Independence Day will be a federal holiday. For example, in Washington, DC, the GS-15, step 10, annual locality rate of $143,471 divided by 2,087 hours yields an hourly rate of $68.75 and a biweekly rate of $5,500 ($68.75 x 80 hours). For example, using a monthly calendar means you only have to run payroll 12 times a year., Monthly payroll can be a more affordable option for companies that run payroll themselves, which takes time and resources, or those that work with a payroll service provider that charges them every time they run payroll. PDF File Size. For each affected month, a daily rate will be computed by dividing the monthly total by 30 days for full months or by the actual number of days for partial months. Thank you! 5519. H7EP_aY$F20lp#N>nItOB^,^|~x?wD|>?/=~n Given the need to obtain information about an individual's military pay and allowances and other matters to accurately compute the reservist differential, a reservist differential is considered due and payable on a scheduled date that is no later than 8 weeks (4 biweekly pay periods) after the normal civilian salary payment date for a given pay period, except that this scheduled date may be pushed back beyond 8 weeks if the employee does not provide the agency with a copy of any needed military orders and military leave and earnings statement on a timely basis. EpD-1+48cYU8kv_\ Lb.JT9_lqMH5q'~#{~hW =F{kZb'w,r+o;!5@;FHw)n\Wc{R@0Ta>\~91K These caps are effective as of the first day of the first pay period beginning on or after January 1, 2019 (January 6, 2019, based on the standard biweekly payroll cycle). 0000017836 00000 n (See NOTE 1.) 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