| 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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On September 17, 2014, the U.S. Department of Labor's Office of Federal Contract Compliance Programs (OFFCP) issued a proposed rule in response to Executive Order 13665, which was signed by President Obama on April 8, 2014, and directed the DOL to issue a proposed rule requiring pay transparency among federal contractors. More specifically, EO 13665 prohibits federal contractors and subcontractors from discharging or otherwise discriminating against employees or applicants for discussing, disclosing or inquiring about compensation.
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