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Code of Federal Regulations Title 5. Administrative Personnel § 5.531.607 Computing hourly, daily, weekly, and biweekly locality rates

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) Apply the following methods to convert an annual locality rate to an hourly, daily, weekly, or biweekly rate:

(1) To derive an hourly rate, divide the annual locality rate by 2,087 and round to the nearest cent, counting one-half cent and over as the next higher cent.

Example:

Annual locality rate = $50,000

Computation of hourly rate:  $50,000 ÷ 2,087 = 23.957 or $23.96.

(2) To derive a daily rate, multiply the hourly rate by the number of daily hours of service required by the employee's basic daily tour of duty.

Example:

Hourly rate = $23.96

Daily hours = 8

Computation of daily rate:  $23.96 x 8 = $191.68

(3) To derive a weekly or biweekly rate, multiply the hourly rate by 40 or 80, as applicable.

Example:

Hourly rate = $23.96

Biweekly hours = 80

Computation of biweekly rate:  $23.96 x 80 = $1,916.80

(b) Notwithstanding paragraph (a) of this section, for a firefighter whose pay is computed under 5 U.S.C. 5545b, a firefighter hourly locality rate is computed using a divisor of 2,756 hours instead of 2,087, as prescribed in 5 CFR part 550, subpart M. Also, such a firefighter's weekly and biweekly locality rates must be based on the firefighter's extended tour of duty as prescribed in that subpart.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 5. Administrative Personnel § 5.531.607 Computing hourly, daily, weekly, and biweekly locality rates - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-5-administrative-personnel/cfr-sect-5-531-607/

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