IN THE SENATE OF THE UNITED STATES
May 22, 2014
Mr. Schatz (for himself and Mr. Cardin) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs
To increase the rates of pay under the General Schedule and other statutory pay systems and for prevailing rate employees by 3.3 percent, and for other purposes.
This Act may be cited as the
Federal Adjustment of Income Rates Act of 2014
Adjustment to rates of pay
Statutory pay systems
The adjustment in rates of basic pay for employees under the statutory pay systems (as defined in section 5302 of title 5, United States Code) that takes effect in fiscal year 2015 under section 5303 of title 5, United States Code, shall be an increase of 3.3 percent, and such adjustments shall be effective as of the first day of the first applicable pay period beginning on or after January 1, 2015.
Prevailing rate employees
The adjustment in rates of basic pay for the statutory pay systems that take place in fiscal year
2015 under sections 5344
5348 of title 5, United States Code, shall be
equal to the percentage adjustment received by employees in the same
location whose rates of basic pay are adjusted pursuant to the statutory
pay systems under subsection (a) of this section and 5304 of title 5,
United States Code. Prevailing rate employees at locations where there
are no employees whose pay is increased pursuant to sections 5303 and 5304
of title 5 and prevailing rate employees described in section 5343(a)(5)
of title 5, United States Code, shall be considered to be located in the
pay locality designated as
Rest of US pursuant to
section 5304 of title 5, United States Code, for purposes of this subsection.