Determination of Executive Compensation Benchmark Amount, 15779 [E8-5978]
Download as PDF
<![CDATA[
Federal Register / Vol. 73, No. 58 / Tuesday, March 25, 2008 / Notices
OFFICE OF MANAGEMENT AND
BUDGET
Office of Federal Procurement Policy
Determination of Executive
Compensation Benchmark Amount
Office of Federal Procurement
Policy, OMB.
ACTION: Notice.
AGENCY:
SUMMARY: The Office of Management
and Budget (OMB) is 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’ fiscal year 2008—$612,196.
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, OFPP, at (202) 395–3256.
mstockstill on PROD1PC66 with NOTICES
MEMORANDUM FOR THE HEADS OF
EXECUTIVE DEPARTMENTS AND
AGENCIES
From: Paul A. Denett, Administrator,
OFPP.
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
VerDate Aug<31>2005
18:33 Mar 24, 2008
Jkt 214001
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 (FY) 2008 is
$612,196. This amount is for
contractors’ FY 2008 and subsequent
contractor fiscal years, unless and until
revised by OFPP. The benchmark
compensation amount applies to
contract costs incurred after January 1,
2008, 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, OFPP, at (202) 395–3256.
Paul A. Denett,
Administrator, Office of Federal Procurement
Policy.
[FR Doc. E8–5978 Filed 3–24–08; 8:45 am]
BILLING CODE 3110–01–P
NUCLEAR REGULATORY
COMMISSION
Agency Information Collection
Activities: Proposed Collection;
Comment Request
U. S. Nuclear Regulatory
Commission (NRC).
ACTION: Notice of pending NRC action to
submit an information collection
request to the Office of Management and
Budget (OMB) and solicitation of public
comment.
AGENCY:
SUMMARY: The NRC is preparing a
submittal to OMB for review of
continued approval of information
collections under the provisions of the
Paperwork Reduction Act of 1995 (44
U.S.C. Chapter 35).
Information pertaining to the
requirement to be submitted:
1. The title of the information
collection: 10 CFR Part 20—Standards
for Protection Against Radiation.
2. Current OMB approval number:
3150–0014.
3. How often the collection is
required: Annually for most reports and
at license termination for reports
dealing with decommissioning.
4. Who is required or asked to report:
NRC licensees, including those
requesting license terminations.
5. The number of annual respondents:
4,512.
6. The number of hours needed
annually to complete the requirement or
request: 127,469 hours (3,709 hours for
PO 00000
Frm 00062
Fmt 4703
Sfmt 4703
15779
reporting [9.11 hours per response] plus
123,760 hours for recordkeeping [27.43
hours per recordkeeper]).
7. Abstract: 10 CFR Part 20 establishes
standards for protection against ionizing
radiation resulting from activities
conducted under licenses issued by the
NRC. These standards require the
establishment of radiation protection
programs, maintenance of radiation
protection programs, maintenance of
radiation records recording of radiation
received by workers, reporting of
incidents which could cause exposure
to radiation, submittal of an annual
report to NRC of the results of
individual monitoring, and submittal of
license termination information. These
mandatory requirements are needed to
protect occupationally exposed
individuals from undue risks of
excessive exposure to ionizing radiation
and to protect the health and safety of
the public.
Submit, by May 27, 2008, comments
that address the following questions:
1. Is the proposed collection of
information necessary for the NRC to
properly perform its functions? Does the
information have practical utility?
2. Is the burden estimate accurate?
3. Is there a way to enhance the
quality, utility, and clarity of the
information to be collected?
4. How can the burden of the
information collection be minimized,
including the use of automated
collection techniques or other forms of
information technology?
A copy of the draft supporting
statement may be viewed free of charge
at the NRC Public Document Room, One
White Flint North, 11555 Rockville
Pike, Room O–1 F21, Rockville, MD
20852. OMB clearance requests are
available at the NRC worldwide Web
site: https://www.nrc.gov/public-involve/
doc-comment/omb/. The
document will be available on the NRC
home page site for 60 days after the
signature date of this notice.
Comments and questions about the
information collection requirements
may be directed to the NRC Clearance
Officer, Margaret A. Janney (T–5 F52),
U.S. Nuclear Regulatory Commission,
Washington, DC 20555–0001, by
telephone at 301–415–7245, or by email
to INFOCOLLECTS@NRC.GOV.
Dated at Rockville, Maryland, this 19th day
of March, 2008.
For the Nuclear Regulatory Commission.
Gregory Trussell,
Acting NRC Clearance Officer, Office of
Information Services.
[FR Doc. E8–5968 Filed 3–24–08; 8:45 am]
BILLING CODE 7590–01–P
E:\FR\FM\25MRN1.SGM
25MRN1
]]>Agencies
[Federal Register Volume 73, Number 58 (Tuesday, March 25, 2008)]
[Notices]
[Page 15779]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-5978]
[[Page 15779]]
=======================================================================
-----------------------------------------------------------------------
OFFICE OF MANAGEMENT AND BUDGET
Office of Federal Procurement Policy
Determination of Executive Compensation Benchmark Amount
AGENCY: Office of Federal Procurement Policy, OMB.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Office of Management and Budget (OMB) is 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' fiscal year 2008--$612,196. 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, OFPP, at (202) 395-
3256.
MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES
From: Paul A. Denett, Administrator, OFPP.
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 (FY) 2008 is $612,196.
This amount is for contractors' FY 2008 and subsequent contractor
fiscal years, unless and until revised by OFPP. The benchmark
compensation amount applies to contract costs incurred after January 1,
2008, 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, OFPP, at (202) 395-3256.
Paul A. Denett,
Administrator, Office of Federal Procurement Policy.
[FR Doc. E8-5978 Filed 3-24-08; 8:45 am]
BILLING CODE 3110-01-P
