adjustment of service credit

adjustment of service credit Sec. 403. In order to retain to the maximum possible extent promotion credits earned by employees under the Act of July 6, 1945, as amended, and in order to prevent the advancement by step-increases of junior employees ahead of senior employees, employees whose basic salaries are adjusted on the effective date of the schedules in this Act shall establish credit toward advancement by step increases under section 401 in the following manner: (1) Each employee in the automatic grades who had not reached the maximum grade for his position under the provisions of the Act of July 6, 1945, as amended, shall retain the anniversary date established for his next automatic promotion under such Act unless the amount of increase in basic salary which he receives upon adjustment to the appropriate schedule is equal to or greater than the difference 69 Stat. 123 between the salary for his automatic grade and the next higher automatic. grade for his position under such Act. (2) Employees in the automatic grades who do not retain their anniversary dates under paragraph (1), above, employees who had reached the maximum grades for their positions, and employees who occupied positions for which single rates were established under the Act of July 6, 1945, as amended, shall begin the waiting period for advancement to the next step for their positions on the date of adjustment to the schedules in this Act.