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The General Schedule (GS) is the predominant pay scale within the United States civil service. The GS includes the majority of white collar personnel (professional, technical, administrative, and clerical) positions. As of September 2004, 71 percent of federal civilian employees were paid under the GS.
Prevailing wage. In United States government contracting, a prevailing wage is defined as the hourly wage, usual benefits and overtime, paid to the majority of workers, laborers, and mechanics within a particular area. This is usually the union wage. [1]: 1. Prevailing wages are established by regulatory agencies for each trade and occupation ...
A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee's level, rank or status within the employer's organization, the length of time that the employee has been employed, and the difficulty of the specific work performed ...
The Medicare-approved amount is the amount of money that Medicare has agreed to pay for your services. This amount can differ depending on what services you’re seeking and who you are seeking ...
The Federal Reserve meets Tuesday and Wednesday. The Fed is expected to cut interest rates this week, a decision likely to be the start of a gradual decline in how much consumers pay for cars ...
Pay grades are divided into three groups: [1] enlisted (E), warrant officer (W), and officer (O). Enlisted pay grades begin at E-1 and end at E-9; warrant officer pay grades originate at W-1 and terminate at W-5; and officer pay grades start at O-1 and finish at O-10. [a] Not all of the uniformed services use all of the grades; for example, the ...
A health insurance deductible is a specified amount or capped limit you must pay first before your insurance will begin paying your medical costs. For example, if you have a $1000 deductible, you ...
In general, you pay for Medicare in taxes during your working years and the federal government picks up a share of the costs. But some parts of the program still come with a monthly fee and other ...