Wednesday, December 5, 2012

Compensation Caps

Yesterday evening, the Senate unanimously approved the Fiscal Year 2013 National Defense Authorization Act (NDAA) that includes a provision capping compensation of any contractor employee at $230,000 per year. It will become effective on January 1, 2013 and applies to all contracts including those entered into before, on, or after that date. The House version of the NDAA does not contain the provision. The question now is whether the Conference Committee will leave it in or take it out? Stay tuned.

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