Offsetting Collections

Total

Regular B111

1987 Budget Enacted ....

$137,039,000

$-4,700,000

$132,339,000

Proposed pay raise supplemental

2,422,000

2,422,000

Proposed FERS supplemental

1,906,000

1,906,000

1987 Revised

$141,367,000

$-4,700,000

$136,667,000

1988 Estimate .....

_158, 159,000

-5,000,000

153, 159,000

Net increase

+ 16,792,000

-300,000

+ 16,492,000

A.

+ $1,174,024

Ingrades and real locations
Funds are requested to cover within grade increases:
Salaries ...........

978,138
Persoanel Benefits

195,886 $1,174,024

+ 1,101,000

Annualization of pay raises ....
This increase is necessary to provide for annualization of the 1987 pay raises for
General Schedule and Wage Board employees effective in January 1987. Punds have
been requested in the fiscal 1987 supplemental to cover the increases from the
effective dates through September 30, 1987. Included in this amount 18 $83, 400 to
provide for annualization of the 1987 pay raises for the local staff in the Library
of Congress Field Offices.
Salaries .............

819,100
Persoanel Benefits .........

281,900 $1,101,000

c.

+ 5,368,000

Annualization of FERS contributions
P.L. 99-335, the Federal Employees' Retirement System Act of 1986 (PERS), established
a retirement program for Pederal civilian employees hired after December 31, 1983,
and for employees under the Civil Service Retirement System (CSRS) who choose to
transfer into the new system. The effective date of coverage of post-1983 hires
under FERS 18 January 1, 1987. This amount lo necessary to provide for annualiza-
tion of the 1987 costs and increased costs projected for 1988 based on assumptions
provided by OMB la Bulletin No. 87-2, October 24, 1986.
Persoanel Benefits .............

$5,368,000

Current level

(continued)

+ $ 451,478

D.

One extra day ..
Fiscal 1987 requires the payment of salary funds for a total of 261 days; fiscal
1988 will have 262 days. Funds are requested to cover the extra day.
Salaries ..........

.......... $376,232
Personnel Benefits

75, 246 $ 451, 478

Accident compensation - reimbursement to Employees' Compensation Fund The Library's reimbursement to the Bureau of Employee's Compensation for benefits and other payments for fiscal 1986 18 more than the amount budgeted for those pur po ses as follows: Cost ........

$ 441,156
Available

-394,253
$ 46,903