The three agencies that compose the Federal Acquisition Regulatory Council (FAR Council) have issued an interim rule to revise the Federal Acquisition Regulation (FAR) to codify President Biden’s 2021 Executive Order (E.O.) 14026 increasing the minimum wage for employees working under certain federal contracts to $15 an hour.
The interim rule, published by the FAR Council in the Federal Register on January 26, 2022, clarifies that the new $15 an hour minimum wage applies to employees working on or in connection with covered contracts entered into, renewed, or with options exercised on or after January 30, 2022. Also as expected, the FAR rule closely tracks the corresponding E.O. 14026 implementing regulations issued by the Labor Department (DOL) last November.
Members of the Center for Workplace Compliance (CWC) can read more here.