531.607 Computing hourly, daily, weekly, and biweekly locality rates.§ 531.607 Computing hourly, daily, weekly, and biweekly locality rates.
(a) Apply the following methods to convert an annual locality rate to an hourly, daily, weekly, or biweekly rate:
(1) To derive an hourly rate, divide the annual locality rate by 2,087 and round to the nearest cent, counting one-half cent and over as the next higher cent.Example: Annual locality rate = $50,000 Computation of hourly rate: $50,000 ÷ 2,087 = 23.957 or $23.96.
(2) To derive a daily rate, multiply the hourly rate by the number of daily hours of service required by the employee's basic daily tour of duty.Example: Hourly rate = $23.96 Daily hours = 8 Computation of daily rate: $23.96 × 8 = $191.68
(3) To derive a weekly or biweekly rate, multiply the hourly rate by 40 or 80, as applicable.Example: Hourly rate = $23.96 Biweekly hours = 80 Computation of biweekly rate: $23.96 × 80 = $1,916.80
(b) Notwithstanding paragraph (a) of this section, for a firefighter whose pay is computed under 5 U.S.C. 5545b, a firefighter hourly locality rate is computed using a divisor of 2,756 hours instead of 2,087, as prescribed in 5 CFR part 550, subpart M. Also, such a firefighter's weekly and biweekly locality rates must be based on the firefighter's extended tour of duty as prescribed in that subpart.[70 FR 31304, May 31, 2005]