Guam Term Assignment - Long Form

State:
Multi-State
Control #:
US-OG-225
Format:
Word; 
Rich Text
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Description

This form is used when an Assignor transfers and assigns to Assignee all of Assignors rights, title, and interests in and to the described oil and gas lease or leases only insofar as the Leases cover and include the oil, gas, casinghead gas and other liquid, gaseous or vaporous substances in, under, and which may be produced from the described lands.

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FAQ

The rate of COLA is based on the cost of living in Guam compared with the cost of living in Washington D.C. This rate is subject to annual review and may change without notice. Eligible GS employees also receive a Non-Foreign Post Differential (NFPD) set at 12.75% of their annual base pay.

In addition to the 4.1% base pay increase, the 2023 federal pay raise includes an additional 0.5% for locality pay.

Living in Guam is very expensive! To help offset this high cost, General Schedules (GS) employees receive a 16.50% locality pay (included in the salary table at SALARY TABLE 2023-RUS (opm.gov). In addition, GS employees receive 12.25% cost of living allowance (COLA) in addition to their basic pay.

The steps below explain how to do that: Multiply your current base salary by this year's base pay raise percentage. Add the result from step 1 to your current base salary. Multiply the result from step 2 by this year's locality pay raise percentage for your locality pay area.

Locality relates to the region where the employee works. This factor adjusts the base rate of pay for the cost of living in a geographic area. While each position is assigned to a specific grade, and each employee is assigned to a step within that grade, the pay rate will vary by location.

COLA and Locality Pay Rates in Nonforeign Areas 2022 Nonforeign COLA Areas2022COLA Rates (%)Locality Rates (%)Puerto Rico2.9916.20U.S. Virgin Islands12.4516.20Guam & Commonwealth of the Northern Mariana Islands12.4516.209 more rows

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Guam Term Assignment - Long Form