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Do you get COLA and locality pay in Hawaii?
New legislation means that Hawaii COLA is being phased out, and Locality Pay is being phased in. Federal Employees in Non-Foreign Areas are now being transitioned from receiving COLA to Locality Pay. This change is taking place in 2010, 2011, and 2012. Locality Pay is being phased in, and COLA is being phased out.
What is a locality pay area?
Locality relates to the region where the employee works. This factor adjusts the base rate of pay for the cost of living in a geographic area. While each position is assigned to a specific grade, and each employee is assigned to a step within that grade, the pay rate will vary by location.
What is the COLA rate for Hawaii?
10.99 percent
As can be seen, the COLA rates for the State of Hawaii are 10.99 percent for all of the islands except for Hawaii County which has a residual COLA amount of 5.08 percent.
Does basic pay include locality?
Your basic pay is the basic salary you earn for your position. It includes shift rates and locality pay; but does not include COLA, overtime or bonuses.
How much does a GS 9 make in Hawaii?
General Schedule (GS) Payscale in Hawaii for 2021
GS Grade | Step 1 | Step 3 |
---|---|---|
GS-7 | $45,043 | $48,046 |
GS-8 | $49,884 | $53,210 |
GS-9 | $55,097 | $58,770 |
GS-10 | $60,674 | $64,720 |
How are locality pay rates determined?
Locality pay is determined by the cost of labor as measured by the Bureau of Labor Statistics (BLS). BLS conducts locality pay surveys in 47 geographic areas, with survey data representing non-federal salaries (including state and local) at distinct levels of work.
Is locality pay taxable?
Locality Pay is taxable. Going from COLA to Locality Pay means your taxable income is higher. Not only will you be paying more taxes – but you’re likely to get hit by what I call ‘hidden’ tax increases. I call them hidden, because most Federal Employees won’t see them until it’s too late.
What is locality payment?
The locality pay program provides for localized pay differentials (also known as comparability payments) for Federal employees paid under the General Schedule (GS) who work in the United States and its territories and possessions.