11/30/2022 0 Comments Privatus pay rate![]() Multiply hourly rate of basic pay by number of nonovertime hours worked on holiday (not to exceed 8 hours or the number of nonovertime hours of a compressed work schedule). Multiply hourly rate of basic pay by 25%. Multiply hourly rate of basic pay by 10%. Therefore, the employee’s title 5 overtime hourly rate is equal to his or her hourly rate of basic pay. In this example, the employee’s hourly rate of basic pay ($60.49) is greater than the GS-10, step 1, hourly rate of basic pay multiplied by 1.5 ($49.04). Use the greater of (1) the GS-10, step 1, hourly rate of basic pay multiplied by 1.5 OR (2) the employee’s hourly rate of basic pay.
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