Federal Salary Formula:
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The Federal Salary calculation combines base pay with locality pay adjustments to determine total compensation for federal employees. This system ensures fair compensation based on geographic location and pay grade.
The calculator uses the federal salary formula:
Where:
Explanation: The equation accounts for both the standard federal pay scale and regional cost-of-living adjustments.
Details: Accurate salary calculation is crucial for federal employees to understand their total compensation, including regional adjustments that account for varying costs of living across different locations.
Tips: Enter base pay in USD/year and locality pay in USD. Both values must be valid positive numbers.
Q1: Where can I find my base pay?
A: Base pay is determined by your GS grade and step, available in official federal pay tables.
Q2: How is locality pay determined?
A: Locality pay is based on your duty station's geographic area and is calculated as a percentage of base pay.
Q3: Are there other pay adjustments?
A: Some positions may receive special rate supplements or other premium pays in addition to base and locality pay.
Q4: How often are pay rates updated?
A: Federal pay rates are typically adjusted annually, with changes effective in January.
Q5: Where can I get official pay information?
A: The Office of Personnel Management (OPM) website provides official pay tables and locality pay information.