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Executive Schedule. Executive Schedule ( 5 U.S.C. §§ 5311 – 5318) is the system of salaries given to the highest-ranked appointed officials in the executive branch of the U.S. government. The president of the United States appoints individuals to these positions, most with the advice and consent of the United States Senate.
If the agency does not have a certified system, the maximum pay is set at Level III of the Executive Schedule ($187,300 for 2022). Total aggregate pay is limited to the salary of the Vice President of the United States ($261,400 for 2022). Prior to 2004, the SES used a six-level system.
That year the top 200 executives earned a total of $3 billion in compensation. [33] The median cash compensation was $5.3 million, the median stock and option grants were $9 million. [33] In 2018, the highest-paid CEO in the US was Elon Musk of Tesla, Inc. Musk earned a total of $2.3 billion in compensation.
The General Schedule ( GS) is the predominant pay scale within the United States civil service. The GS includes the majority of white collar personnel (professional, technical, administrative, and clerical) positions. As of September 2004, 71 percent of federal civilian employees were paid under the GS.
The heads of the executive departments and most other senior federal officers at cabinet or sub-cabinet level receive their salary under a fixed five-level pay plan known as the Executive Schedule, which is codified in Title 5 of the United States Code.
Secretary of State is a Level I position in the Executive Schedule and thus earns the salary prescribed for that level (US$221,400, as of January 2021). [9] [4] The current secretary of state is Antony Blinken , who was confirmed on January 26, 2021, by the Senate by a vote of 78–22.
Leadership and other positions. Additional pay schedule for the Senate and House positions: SCHEDULE 6—VICE PRESIDENT AND MEMBERS OF CONGRESS, per Executive order 14113, effective for 2024. [3] Position. Salary. Vice President. $284,600. Senators and House Representatives.
Executive compensation is composed of both the financial compensation ( executive pay) and other non-financial benefits received by an executive from their employing firm in return for their service. It is typically a mixture of fixed salary, variable performance-based bonuses (cash, shares, or call options on the company stock) and benefits ...