The sum of an employee’s basic pay and premium pay (including night differential, the dollar value of compensatory pay, overtime pay, premium pay on an annual basis, and pay for Sunday and holiday work) for any pay period may not exceed the biweekly rate of basic pay payable for either a GS-15, step 10 (including any applicable locality pay or special rate pay) or a level V of the Executive Schedule.
Exception: For employees performing emergency or mission critical work as determined by an agency head or emergency work as determined by OPM the biweekly pay limitation does not apply. Instead, premium pay in combination with basic pay, locality pay, or special rate pay of pay may not exceed the maximum annual rate of a GS-15.
These limitations do not apply to FLSA overtime pay or to wage grade employees.