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Honorary and monetary awards for suggestions, inventions, superior accomplishments, length of service and other meritorious efforts.
Each paycheck shows your most recent LEI. LEI shows when you received your most recent Within Grade Increase (WGI); WGIs occur every year for Steps 1-5 and every two years for Steps 6-10.
In the Federal Government, there are four types of awards ? cash awards, time off awards, honorary awards, and informal recognition awards. Agencies may use any combination of award types to reward a specific contribution.
100 percent employer funded: 5 percent of the base salary (5.5 percent for Corrections Officers) beginning the first pay period after one year of service. Must have one year of continuous service to participate; fully vested in the Defined Contribution Pension Plan after five years of continuous service.
The federal government uses incentive awards and quality step increases (QSI) to encourage employees to improve their work performance and, consequently, government operations, by recognizing work exceeding normal performance requirements.
The typical bonus amounted to 1.6 percent of salary. The awards ranged from less than $100 to more than $25,000. At some agencies, more than 90 percent of General Schedule workers collected a bonus. Government-wide, about 2,900 employees received cash bonuses totaling more than $10,000 each.
Highlights. The federal government uses incentive awards and quality step increases (QSI) to encourage employees to improve their work performance and, consequently, government operations, by recognizing work exceeding normal performance requirements.
News for 2024 GS Pay Scale: NEW: White House Formalizes 2024 Federal Pay Raise - The across-the-board base pay increase will be 4.7 percent and locality pay increases will average 0.5 percent, resulting in an overall average increase of 5.2 percent more?