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The VA COMPETES Act modifies compensation rules for physicians, podiatrists, optometrists, and dentists employed by the Department of Veterans Affairs. The bill establishes a 'market pay' system based on performance criteria, labor market conditions, and cost-of-living adjustments, and authorizes the Secretary to waive pay limitations for up to 300 critical healthcare positions to improve recruitment and retention. The bill requires annual reporting on market pay evaluations and waiver usage, with the waiver authority set to expire five years after enactment.
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