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GAO Examines Contractor Exec Pay

GAOThe Government Accountability Office estimates that more than 3,400 executives from 27 defense contractors would have exceeded the current salary cap if their annual pay was mandated to match that of the Vice President, the Washington Post reported Monday.

Marjorie Censer writes the report comes as the U.S. government considers tying federal contractors’ salary cap to the president’s $400,000 annual compensation or the vice president’s $230,700 annual pay.

GAO said it requested data from 30 contractors and received data from 27 on the number of workers that would be affected by the cap proposal.

The current $763,029 cap is the amount of employee salaries that can be reimbursed under government contracts, Censer reports.

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