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Employees who are required to work on a holiday receive their rate of basic pay, plus holiday premium pay, for each hour of holiday work—i.e., double or 200 percent of their rate of basic pay. (See 5 U.S.C. 5546(b) and 5 CFR 550.131(a); and, for Federal Wage System employees, 5 CFR 532.507(a).) In fact, if your company gives you the day off for a holiday, they aren’t required to pay you under federal law. This, however, may be different in the state where you live, ... Thanksgiving Day: Fourth Thursday in November; Christmas Day: December 25 ‍ In the Washington D.C. metro area, Inauguration Day (which happens on January 20 every four years) is also a federal holiday. If January 20 falls on a Sunday, then Inauguration Day is moved to the following Monday, January 21. ‍ What does it mean if a holiday is ... Some companies pay employees at a special rate (such as time-and-a-half) for holiday shifts; however, an employee is only entitled to their regular rate of pay, plus any overtime. A company’s paid holiday policy should always be communicated in their employee handbook . This holiday pay guide will unpack rules for different employees across different states—and help your business avoid costly payroll mistakes. What is holiday pay? Holiday pay is supplemental compensation employees receive during a federal holiday, typically paid out in the form of a higher hourly rate if the employee works that day or paid ... Premium pay is additional pay provided to employees for working certain types of hours or under certain types of conditions, as provided under 5 U.S.C. chapter 55, subchapter V and 5 CFR part 550, subpart A. Premium pay paid under title 5 is subject to certain biweekly or annual pay limitations. An employee who performs holiday work is entitled to pay at their rate of basic pay plus premium pay at a rate equal to their rate of basic pay for that holiday work that is not in excess of 8 hours (5 CFR 550.131). A little holiday pay can be a welcome addition to your bank account —especially at the end of the year. But is this employee perk a thing at your job? And exactly how much extra cash does it add to your paycheck? Understanding how holiday pay policies work can help you make the most of this valuable benefit. To start, let’s break down the ... Depending on your employer, you may receive special compensation on holidays, known as holiday pay. This guide explains how holiday pay works and how to calculate it so you know what to expect. What is holiday pay? Holiday pay is the compensation you receive for working or not working on a holiday.

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