Determination of Executive Compensation Benchmark Amount Pursuant to Section 39 of the Office of Federal Procurement Policy (OFPP) Act (41 U.S.C. 435), as Amended, 14300 [E7-5573]
Download as PDF
<![CDATA[
14300
Federal Register / Vol. 72, No. 58 / Tuesday, March 27, 2007 / Notices
compensation (Wolodar Lysko and
Jessica Sincavage).
2. KLEMS multifactor productivity
(MFP) for major industry groups (Steve
Rosenthal).
3. MFP for detailed manufacturing
industries (DIPS staff).
4. Effects of capitalization of R&D in
the national accounts on major sector
MFP (Larry Rosenblum).
5. Discussion of agenda items for the
Fall 2007 meeting.
1–2:30 p.m.—Committee on Safety and
Health Statistics
1. Undercount activities.
a. Quality assurance survey.
b. Other activities.
2. Workplace violence prevention
survey results.
3. Case and demographic data, 2005.
4. Final CFOI estimates, 2005.
5. Internet data collection.
6. Discussion of agenda items for the
Fall 2007 meeting.
3–4:30 p.m.—Committee on Price
Indexes
1. Associate Commissioner update
(Mike Horrigan).
2. Airline indexes in OPLC—results
from the methodology team study.
3. Treatment of utility costs in the CPI
rental equivalence index.
4. Discussion of agenda items for the
Fall 2007 meeting.
Thursday—April 12 (Conference Rooms
1 & 2)
8:30–10 a.m.—Committee on
Employment and Unemployment
Statistics
1. New Current Employment Statistics
(CES) data to be released April 6 on all
employee regular hours and earnings
and gross monthly earnings.
2. Plans for the next evaluation of our
biennial employment projections:
progress, goals, and issues.
3. CPS program analysis of trends in
labor force participation.
4. Discussion of agenda items for the
Fall 2007 meeting.
sroberts on PROD1PC70 with NOTICES
10:30 a.m.–12 p.m.—Council Meeting
1. Council chairperson’s remarks.
2. Deputy Commissioner’s remarks.
1:30–3 p.m.—Committee on
Compensation and Working Conditions
1. NCS Data Collection—Maximizing
value while minimizing burden.
a. NCS provides a wealth of data on
employee wages and benefits.
b. NCS constantly looks for ways to
obtain these data without undue burden
on our respondents.
c. NCS reaches out to respondents and
other users to make sure they’re aware
of this valuable source of information.
VerDate Aug<31>2005
16:38 Mar 26, 2007
Jkt 211001
d. NCS wants your input on what
more we should be doing to minimize
burden and maximize utility.
2. Keeping NCS fresh—accounting for
change in the economy.
a. Area sample reselection.
b. Establishment sample rotation.
c. Selection of occupations.
d. SOC revision.
3. Update on initiatives and action
items.
a. Collective bargaining agreements
available on-line.
b. Pay relative processes.
c. Local ECI research.
4. Discussion of agenda items for the
Fall 2007 meeting.
The meetings are open to the public.
Persons wishing to attend these
meetings as observers should contact
Tracy A. Jack, Liaison, Business
Research Advisory Council, at 202–691–
5869.
Philip L. Rones,
Deputy Commissioner.
[FR Doc. E7–5577 Filed 3–26–07; 8:45 am]
BILLING CODE 4510–24–P
OFFICE OF MANAGEMENT AND
BUDGET
Office of Federal Procurement Policy
Determination of Executive
Compensation Benchmark Amount
Pursuant to Section 39 of the Office of
Federal Procurement Policy (OFPP)
Act (41 U.S.C. 435), as Amended
Office of Federal Procurement
Policy.
ACTION: Notice.
AGENCY:
SUMMARY: The Office of Management
and Budget (OMB) is hereby publishing
the attached memorandum to the heads
of executive departments and agencies
concerning the determination of the
maximum benchmark compensation
amount that will be allowable under
government contracts during
contractors’ FY 2007—$597,912. This
determination is required under Section
39 of the Office of Federal Procurement
Policy (OFPP) Act (41 U.S.C. 435), as
amended. The benchmark compensation
amount applies equally to both defense
and civilian procurement agencies.
FOR FURTHER INFORMATION CONTACT:
Laura Auletta, Office of Federal
Procurement Policy, on (202) 395–3256.
Paul A. Denett,
Administrator.
Memorandum for the Heads of Executive
Departments and Agencies
Subject: Determination of Executive
Compensation Benchmark Amount, Pursuant
PO 00000
Frm 00043
Fmt 4703
Sfmt 4703
to Section 39 of the Office of Federal
Procurement Policy, (OFPP) Act (41 U.S.C.
435), as amended.
This memorandum sets forth the
benchmark compensation amount as required
by Section 39 of the Office of Federal
Procurement Policy (OFPP) Act (41 U.S.C.
435), as amended. Under Section 39, the
benchmark compensation amount is the
median amount of the compensation
provided for all senior executives of
benchmark corporations for the most recent
year for which data is available. The
benchmark compensation amount
established by Section 39 limits the
allowability of compensation costs under
government contracts. The benchmark
compensation amount does not limit the
compensation that an executive may
otherwise receive. This amount is based on
data from commercially available surveys of
executive compensation that analyze the
relevant data made available by the
Securities and Exchange Commission. More
specifically, as required by Section 39 of the
OFPP Act, the data used is the median (50th
percentile) amount of compensation accrued
over a recent 12 month period for the top five
highest paid executives of publicly traded
companies with annual sales over $50
million. After consultation with the Director
of the Defense Contract Audit Agency, we
have determined pursuant to the
requirements of Section 39 that the
benchmark compensation amount for
contractors’ Fiscal Year 2007 is $597,912.
This amount is for Fiscal Year 2007 and
subsequent contractor fiscal years, unless and
until revised by OFPP. The benchmark
compensation amount applies to contract
costs incurred after January 1, 2007, under
covered contracts of both the defense and
civilian procurement agencies as specified in
Section 39 of the OFPP Act (41 U.S.C. 435),
as amended.
Questions concerning this memorandum
may be addressed to Laura Auletta, Office of
Federal Procurement Policy, at (202) 395–
3256.
Paul A. Denett, Administrator.
[FR Doc. E7–5573 Filed 3–26–07; 8:45 am]
BILLING CODE 3110–01–P
NATIONAL ARCHIVES AND RECORDS
ADMINISTRATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request
National Archives and Records
Administration (NARA).
ACTION: Notice.
AGENCY:
SUMMARY: NARA is giving public notice
that the agency has submitted to OMB
for approval the information collections
described in this notice. The public is
invited to comment on the proposed
information collections pursuant to the
Paperwork Reduction Act of 1995.
DATES: Written comments must be
submitted to OMB at the address below
E:\FR\FM\27MRN1.SGM
27MRN1
]]>Agencies
[Federal Register Volume 72, Number 58 (Tuesday, March 27, 2007)]
[Notices]
[Page 14300]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-5573]
=======================================================================
-----------------------------------------------------------------------
OFFICE OF MANAGEMENT AND BUDGET
Office of Federal Procurement Policy
Determination of Executive Compensation Benchmark Amount Pursuant
to Section 39 of the Office of Federal Procurement Policy (OFPP) Act
(41 U.S.C. 435), as Amended
AGENCY: Office of Federal Procurement Policy.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Office of Management and Budget (OMB) is hereby publishing
the attached memorandum to the heads of executive departments and
agencies concerning the determination of the maximum benchmark
compensation amount that will be allowable under government contracts
during contractors' FY 2007--$597,912. This determination is required
under Section 39 of the Office of Federal Procurement Policy (OFPP) Act
(41 U.S.C. 435), as amended. The benchmark compensation amount applies
equally to both defense and civilian procurement agencies.
FOR FURTHER INFORMATION CONTACT: Laura Auletta, Office of Federal
Procurement Policy, on (202) 395-3256.
Paul A. Denett,
Administrator.
Memorandum for the Heads of Executive Departments and Agencies
Subject: Determination of Executive Compensation Benchmark
Amount, Pursuant to Section 39 of the Office of Federal Procurement
Policy, (OFPP) Act (41 U.S.C. 435), as amended.
This memorandum sets forth the benchmark compensation amount as
required by Section 39 of the Office of Federal Procurement Policy
(OFPP) Act (41 U.S.C. 435), as amended. Under Section 39, the
benchmark compensation amount is the median amount of the
compensation provided for all senior executives of benchmark
corporations for the most recent year for which data is available.
The benchmark compensation amount established by Section 39 limits
the allowability of compensation costs under government contracts.
The benchmark compensation amount does not limit the compensation
that an executive may otherwise receive. This amount is based on
data from commercially available surveys of executive compensation
that analyze the relevant data made available by the Securities and
Exchange Commission. More specifically, as required by Section 39 of
the OFPP Act, the data used is the median (50th percentile) amount
of compensation accrued over a recent 12 month period for the top
five highest paid executives of publicly traded companies with
annual sales over $50 million. After consultation with the Director
of the Defense Contract Audit Agency, we have determined pursuant to
the requirements of Section 39 that the benchmark compensation
amount for contractors' Fiscal Year 2007 is $597,912. This amount is
for Fiscal Year 2007 and subsequent contractor fiscal years, unless
and until revised by OFPP. The benchmark compensation amount applies
to contract costs incurred after January 1, 2007, under covered
contracts of both the defense and civilian procurement agencies as
specified in Section 39 of the OFPP Act (41 U.S.C. 435), as amended.
Questions concerning this memorandum may be addressed to Laura
Auletta, Office of Federal Procurement Policy, at (202) 395-3256.
Paul A. Denett, Administrator.
[FR Doc. E7-5573 Filed 3-26-07; 8:45 am]
BILLING CODE 3110-01-P
