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Outside Earned Income Ceiling for FY 2008
With the January 1, 2008 increase in the basic pay for Executive
Schedule employees, the ceiling on outside earned income for federal
judges also increased, from $25,200 in 2007 to $25,830 in 2008. The
ceiling applies only to outside earnings and not to investment income,
royalties, pensions, and similar income sources that are specifically
excluded by regulation.
The Ethics Reform Act prohibits high-ranking government officials from
having outside earned income exceeding "15 percent of the annual rate of
basic pay for Level II of the Executive Schedule." Effective January 1,
2008, the basic pay for Executive Level II increased to $172,000.