save pay definition

save pay was a term of art that means “pay retention” as defined by OPM regulations in 5 C.F.R. part 536. The Board then rejected Mr. McGee’s position that he was entitled to a within-grade increase after spending two years at the level of a GS-13, step 4. The Board based its ruling on the provisions in those regulations limiting the rights of employees subject to “pay retention” to receive salary increases.
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Related to save pay

  • Monthly salary means the W-2 reportable compensation received by a member during the month.

  • Base Pay means Executive’s annual base salary rate as in effect from time to time.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • basic pay means the rate of pay negotiated by the parties to this agreement, including add-to-pay resulting from salary protection;