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In the event the President issues an Executive order granting a "half-day" holiday, part-time employees on a flexible work schedule are entitled to holiday premium pay if they are required to work during the last half of their "basic work requirement" (i.e., nonovertime hours) on that day, not to exceed 4 hours.
The Fair Labor Standards Act (FLSA) does not require payment for time not worked, such as vacations or holidays (federal or otherwise). These benefits are generally a matter of agreement between an employer and an employee (or the employee's representative). On a government contract to which the labor standards of the McNamara O'Hara Service Contract Act (SCA) apply, holiday and/or vacation …
Specifically, federal law does not require employers to pay their employees additional compensation (i.e., time and a half) for working on a holiday. In fact, the Fair Labor Standards Act ( FLSA ) only requires employers to pay for such time worked; employers need not pay employees for holidays in which employees may not have to work.
Federal employees, however, do get paid holidays. Many employers offer time and a half as incentive to work on holidays but that’s just a custom, not a law. Paid Holidays Do Not Factor In to Overtime Calculations An employee can earn holiday pay and overtime in the same week only if the employee spends more than 40 hours doing actual “work”.