Code of Federal Regulations · Section
§ 451.304 — Payment Of Rank Awards
5 C.F.R. § 451.304
(a) Receipt of the Distinguished rank by an SES career appointee or a senior career employee entitles the individual to a lump-sum payment of an amount equal to 35 percent of annual basic pay, which shall be in addition to the basic pay paid under 5 U.S.C. 5376 or 5382, or any award paid under 5 U.S.C. 5384.
(b) Receipt of the Meritorious rank by an SES career appointee or a senior career employee entitles such individual to a lump-sum payment of an amount equal to 20 percent of annual basic pay, which shall be in addition to the basic pay paid under 5 U.S.C. 5376 or 5382, or any award paid under 5 U.S.C. 5384.
(c) Payment of rank awards must comply with the restrictions on annual aggregate compensation at 5 U.S.C. 5307.
Authorizing Statute
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Pay for certain senior-level positions5 U.S.C. § 5376
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Performance awards in the Senior Executive Service5 U.S.C. § 5384
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Limitation on certain payments5 U.S.C. § 5307
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Establishment of performance appraisal systems5 U.S.C. § 4302