Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error

Federal Career Planning and Development

Are you looking to get promoted?
Maybe a change in your federal career?
Need tips on resume writing to land a federal job?
Or how to increase your salary or get a pay raise?

Join this active discussion with others climbing the same challenging career ladder.

Consider ordering some helpful resources or read today's top news stories on federal employee pay, benefits, retirement, job rights and other workplace issues by visiting FederalDaily.com.

Options
Go to last post Go to first unread
ManagerialMan  
#1 Posted : Thursday, October 3, 2019 6:46:48 AM(UTC)
ManagerialMan

Rank: Groupie

Groups: Registered
Joined: 1/21/2016(UTC)
Posts: 94
Man
United States

Thanks: 2 times
Was thanked: 18 time(s) in 14 post(s)
I got the GPI (general pay increase) as well as a CA (contribution award)

GPI = 1.4%
CA = 2.48%
Locality = 29.32%

From my understanding, these are calculated off the BASIC pay.

My new pay would be calculated by...

Apply GPI: Basic Pay x 0.014 = P1
Apply CA: Basic Pay x 0.0248 = P2

Apply Locality: (Basic Pay + P1 + P2) x 1.2932 = New Pay

In other words, the raises are applied to the basic pay, then added to get the new basic pay, and then locality is applied to that new total.

Does anyone know if this method is correct?

I have played around with this for hours and what I come up with is NEVER equal to what is on my Leave & Earnings statement!

Edited by user Thursday, October 3, 2019 6:47:51 AM(UTC)  | Reason: Not specified

TheRealOrange  
#2 Posted : Thursday, October 3, 2019 7:47:08 AM(UTC)
TheRealOrange

Rank: Senior Member

Groups: Registered
Joined: 5/22/2011(UTC)
Posts: 680

Thanks: 1 times
Was thanked: 133 time(s) in 115 post(s)
Originally Posted by: ManagerialMan Go to Quoted Post
I got the GPI (general pay increase) as well as a CA (contribution award)

GPI = 1.4%
CA = 2.48%
Locality = 29.32%

From my understanding, these are calculated off the BASIC pay.

My new pay would be calculated by...

Apply GPI: Basic Pay x 0.014 = P1
Apply CA: Basic Pay x 0.0248 = P2

Apply Locality: (Basic Pay + P1 + P2) x 1.2932 = New Pay

In other words, the raises are applied to the basic pay, then added to get the new basic pay, and then locality is applied to that new total.

Does anyone know if this method is correct?

I have played around with this for hours and what I come up with is NEVER equal to what is on my Leave & Earnings statement!

I can't address pay raises specifically, but the amount on the leave and earnings statement will almost never be the annual rate of pay (basic pay plus locality). That is usually because of OPM's use of the 2,087 hour divisor to calculate the hourly rate used for pay purposes. As an example, let's assume that your annual pay is $75,000 (basic pay plus locality). For actual pay purposes, you divide that amount by 2,087 and get $35.94. Therefore, your 80 hours of pay per pay period would be $2,875.20. Using that amount and 26 pay periods, your annual pay would be $74,755.20. In years with 27 pay periods, the total would obviously be different, but none of the totals will be the $75,000 that is said to be your annual pay (basic pay plus locality).

https://www.opm.gov/poli...g-the-2087-hour-divisor/
djp  
#3 Posted : Thursday, October 3, 2019 8:26:59 PM(UTC)

Rank: Senior Member

Groups: Registered
Joined: 7/11/2013(UTC)
Posts: 909

Thanks: 3 times
Was thanked: 129 time(s) in 126 post(s)
The difference between salary and hourly pay rate is 2087.

Where does 2087 come from...because a yr has 365 or 366 days. 52*7=364. So over 12 years an extra pay period gets added You add up all the days in the civilian pay calendar.

52*40=2080 hrs of work per year

Thrn over 12 years you get extra dayof salary which averages out to 2087 hrs per pay period.

Look at the hourly rate and adjust.



Rss Feed  Atom Feed
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.


This page was generated in 0.134 seconds.