On September 30, 2016, the FAR Council finalized its Interim Rule which capped the allowable compensation for all contractor employees at the benchmark set by Congress in Section 702 of the Bipartisan Budget Act of 2013. The Interim Rule has been in effect since June 24, 2014. Under the Interim Rule and now the Final Rule, the cap on compensation remains at $487,000. Note that compensation includes the total amount of wages, salary, bonuses, deferred compensation, and employer contributions to defined contribution pension plans.
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new far clauses on delinquent tax liability or felony convictions could prevent companies from receiving contract awards
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