16.04 Explanatory: Overtime Compensation is an additional compensation rate that is paid to employees for hours worked beyond their normal work hours. There are two types of overtime compensation, namely, time-and-a-half, which is paid for hours worked beyond 8 hours in a day or 40 hours in a week, and double-time, which applies for hours worked beyond 12 hours in a day or over 8 hours on a seventh consecutive day. Employees who are eligible for overtime compensation should receive an overtime rate of 1.5 times their regular hourly rate for time-and-a-half, and 2 times their regular hourly rate for double-time.
16.04 EXPLANATORY: OVERTIME COMPENSATION
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US-8THCIR-JURY-16-04
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http://www.juryinstructions.ca8.uscourts.gov/8th%20Circuit%20Manual%20of%20Model%20Civil%20Jury%20Instructions.pdf
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FAQ
The GS cap is tied to a rate under the Executive Schedule for political appointees, which this year is $183,500. That limit now applies to those in the upper steps of GS-15 in 33 of the 51 GS localities, as well as to the upper steps of GS-14 in the San Francisco locality, the highest-paid.
FLSA Exempt GS and FP Overtime Rates For all FLSA EXEMPT GS and FP employees whose basic pay is at a rate which does not exceed the minimum rate of basic pay for GS-10, the overtime hourly rate of pay is one and one half times the employee's rate of basic pay.
Under the FLSA, overtime pay is determined by multiplying the employee's ?straight time rate of pay? by all overtime hours worked PLUS one-half of the employee's ?hourly regular rate of pay? times all overtime hours worked. All overtime work that is ordered or approved must be compensated.
What is the formula to calculate overtime pay? ing to the FLSA, the formula for calculating overtime pay is the nonexempt employee's regular rate of pay x 1.5 x overtime hours worked.
Compensatory time, or comp time, is paid time off (PTO) that employees earn instead of overtime pay when they work over 40 hours a week. Some organizations set up a comp time policy that offers employees PTO that's equivalent to how much they'd typically receive in overtime pay.
AD employees with salaries in excess of the GS-15, step 10, are not eligible for overtime or compensatory time. FLSA-nonexempt employees are not subject to this biweekly limit. professional in nature. There is no entitlement to overtime pay ? management has right to compensate with compensatory time.
GS-15 pay is capped at level V of the Executive Schedule. Starting salary for a GS-15 employee is $112,890.00 per year at Step 1, with a maximum possible base pay of $146,757.00 per year at Step 10.
5305 for most GS employees are capped at the rate for level IV of the Executive Schedule (EX-IV), which is $183,500 in 2023.