(1)
effective on the first day of the month in which such pay adjustment by the President is made effective as described above, shall adjust—
(A)
each minimum and maximum rate of pay applicable to any employee or class of employees whose pay is disbursed by the Chief Administrative Officer (other than a maximum rate equal to or greater than the maximum rate then currently being paid under the General Schedule of section
5332 of title
5 as a result of such adjustment); and
(B)
each monetary limitation on or monetary allowance for pay applicable to any such employee or class of employees;
by an amount rounded to the nearest $100 and computed on the basis of a percentage equal or equivalent, insofar as practicable and with such variations as the Chief Administrative Officer considers appropriate, to the percentage of the adjustment under such section
5303;