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View Diary: Santa Came Early This Year for the Federal Contractors, Just Not Their Employees (18 comments)

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  •  Actually, OFPP is right (2+ / 0-)
    Recommended by:
    OooSillyMe, VClib

    they have no control over the number. Its formula is legislated:

    When the cap was raised to $693,951 for Fiscal Year (FY) 2010, the President called on Congress to repeal the current statutory formula and replace it with a lower, more sensible limit that is on par with what the Government pays its own executives and employees. Over the last
    several years, the Administration has strongly reiterated the need for reforms to the current statutory framework and Congress has considered several proposals to reform the compensation cap. To date, however, Congress has not revised the cap amount or the formula for adjusting the cap. Instead, Congress made only a modest change that expanded application of the statutory cap on defense contracts from the contractor’s senior executives to all of its employees
    http://www.gpo.gov/...

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