Question
How do we compute the annual rate of basic pay for hourly rate employees for the purpose of determining an employee’s maximum recruitment or relocation incentive?
Answer
For hourly rate employees who do not have a scheduled annual rate of basic pay, compute the annual rate by multiplying the applicable hourly rate in effect at the beginning of the service period by 2,087 hours. (See 5 CFR 575.109(b)(2) and 575.209(b)(2).)