Is accelerated compensation only for Pay Band 1 employees? Is a rating of record required to give an accelerated compensation?
Yes, accelerated compensation is restricted to employees in PB-1 of the professional and analytical pay schedules and the investigative pay schedule. (Note: the salary range for PB-1 of the Professional & Analytical pay schedule covers GS-5, step 1, through GS-11, step 10.) A Rating of Record (level 3 or higher) is not required to receive accelerated compensation; however, an authorized management official must determine that the employee is performing at Level 3 during a performance assessment period. Accelerated compensation is based on demonstrated acquisition of job-related competencies.
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