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OPM: Senior execs earned higher raises, bonuses in '08

Senior executives earned higher raises and bonuses last year than they did the previous year under the government's performance pay system, according to a new report from the Office of Personnel Management.

Members of the Senior Executive Service received an average pay raise of 3.7 percent, or $5,827, in fiscal 2008. That's more than the average 3.6 percent, or $5,475, raise SES members received the previous year.

Also, more career SES members received one-time bonuses — and those bonuses were higher. In 2008, 76.0 percent of career SES members received awards averaging $14,831. In 2007, 74.5 percent of career SES members received awards averaging $14,221. The report did not list bonus data for non-career executives.

More executives received the highest performance rating level in 2008 — 48.2 percent, compared with 47.0 percent in 2007. When all SES members are included, 49.9 percent received the highest rating in 2008, compared with 48.2 percent a year earlier.

OPM released its "Report on Senior Executive Pay and Performance Appraisal System for Fiscal Year 2008" on Sept. 28.

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