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May 8, 2012 By AMK

‘Outdated’ contractor pay cap raised 10 percent

The government now will compensate a federal contractor’s top five senior most executives up to $763,029 annually, the Obama administration announced April 23, an increase that White House officials and some lawmakers have tried to cap at a much lower rate.

The cap, known as the Executive Compensation Benchmark, now increases by nearly $70,000 from $693,951 — 10 percent higher than in fiscal 2010.

Keep reading this article at:  http://washingtontechnology.com/articles/2012/04/23/executive-compensation-benchmark-increase.aspx?s=wtdaily_240412.

Filed Under: Government Contracting News Tagged With: compensation, OFPP, OMB, salary cap

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