President Barack Obama is set to sign two measures that will affect government contractor compensation caps in the future, FCW reported Thursday.
Adam Mazmanian writes the fiscal year defense authorization bill will lower contractor executive pay caps to $625,000 and the Bipartisan Budget Act of 2013 will reduce civilian and defense contractor caps to $487,000 from recent levels of more than $950,000.
Mazmanian reports the last bill to be signed will have the force of law regarding the caps because it will have the most recent changes for the applicable statutes.
Both bills remove the formula that takes account executives’ salary into consideration when creating compensation caps but will make exemptions for specialists such as engineers, cybersecurity, medical and scientists.
