5 C.F.R. § 451.304 Payment of Rank Awards.
Title 5 - Administrative Personnel
Title 5: Administrative Personnel
PART 451—AWARDS
Subpart C—Presidential Rank Awards
§ 451.304 Payment of Rank Awards.
(a) Receipt of the Distinguished rank by an SES career appointee or a career senior employee entitles the individual to a lump-sum payment of an amount equal to 35 percent of annual basic pay, which shall be in addition to the basic pay paid under 5 U.S.C. 5376 or 5382, or any award paid under 5 U.S.C. 5384.
(b) Receipt of the Meritorious rank by an SES career appointee or a career senior employee entitles such individual to a lump-sum payment of an amount equal to 20 percent of annual basic pay, which shall be in addition to the basic pay paid under 5 U.S.C. 5376 or 5382, or any award paid under 5 U.S.C. 5384.
(c) Payment of rank awards must comply with the restrictions on annual aggregate compensation at 5 U.S.C. 5307.
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