Presidential Rank Awards won't be paid in 2013

      Tens of thousands of dollars in annual bonuses to senior government executives will not be doled out this year, the White House announced earlier this week.

      Federal News Radio reports that the annual Presidential Rank Awards, which have been handed out every year since 1978 to recognize extraordinary government work, were not "sensible" in the face of deep sequestration-related budget cuts.

      In a typical year, several recipients either get a bonus of either 20 or 35 percent of their annual salary as a bonus under the program.

      "Expending funds on employee performance awards at this time would in many circumstances not be the most effective way to protect agency mission," a White House official told Federal News Radio.