Government to Pay Contractor Executives More

April 24, 2012

The government is raising the cap on what it pays contractors' top five executives to $723,029, a 10 percent increase, federal procurement officials announced Monday.

The cap, up from $693,951, applies to contract costs for compensation — including wages, salary, bonuses and deferred compensation — incurred after Jan. 1, 2011, according to a notice published in the Federal Register. It applies only to a contractor's top five executives; other contractor employees can earn more.

The cap is based on a federal executive compensation formula that pleases neither the administration nor federal employee unions. 

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