CHAPPS, an innovative pay system, is poised to save America from its current economic crisis and prevent future recessions. By implementing one of the five different CHAPPS pay systems, the United States can resolve its ongoing debt ceiling issues and stabilize the economy.The CHAPPS pay system is designed around a three fiscal year and one calendar year structure for each pay location, beginning with the following quarterly breakdown:
- Quarter #4: August, September, October
- Quarter #1: November, December, January
- Quarter #2: February, March, April
- Quarter #3: May, June, July
- Quarter #4: August, September, October
This structure ensures that employees receive their 120 hours of non-taxable stipend pay on the Friday following the end of each quarter, which occurs at midnight on Friday. The 120 hours allocated for next year’s salary are used to prepay the subsequent quarter, streamlining the pay process and reducing fiscal burdens on businesses and employees alike.
In addition to this innovative pay system, CHAPPS acknowledges the importance of holidays in American culture, incorporating the five non-major holidays and the six major holidays within the calendar year. This thoughtful inclusion allows employees to plan their finances and work-life balance more effectively.
CHAPPS pay system implementation must begin at the start of a pay period to ensure a smooth and successful transition. By adopting one of the five different CHAPPS pay systems, the United States can avoid raising the debt ceiling, safeguarding the nation’s economy from further turmoil.
It is now up to the American Congress to recognize the potential of CHAPPS as a viable solution for the nation’s financial woes. CHAPPS offers a groundbreaking alternative that can revitalize the economy and prevent future recessions, ensuring a prosperous future for all Americans.
About CHAPPS:
CHAPPS is an innovative pay system designed to address the economic challenges faced by the United States. By offering a unique three fiscal year and one calendar year structure, CHAPPS provides stability, fairness, and transparency in employee compensation, contributing to a more resilient economy and preventing future recessions.
Larry Pinson Sr.
CHAPPS – President & CEO
