Federal Employee Cost Of Living Raise 2024. Biden makes formal plans for 2024 federal pay raise. The cost of living adjustment (cola) in january 2024 will be 3.2%.
Law enforcement officers covered by the gl pay. The opm oig is requesting an increase of $9,389,000:
This Would Mark The Largest Boost Federal Employees Have Seen Since The Carter Administration, But Still.
The average promotion salary increase is coming in lower, as well — at 9.2%, down from 9.4% in 2023.
Biden Made Plans For The 5.2% Raise Official In August, After First Including It In The Fiscal 2024 Budget Proposal In March.
As expected, most general schedule employees will receive an average of a 5.2% boost to their pay, which will take effect in the first full pay period in january.
Press Release December 21, 2023.
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Federal Employees Cleared For 5.2% Pay Raise In 2024.
The 2024 gs pay scale incorporates a 2024 federal pay raise with an overall average increase of 5.2%.
Almost 33,000 Federal Civilian Employees Are A Step Closer To A Bigger Pay Raise In 2024, After The Office Of Personnel Management Published A Proposal To Establish Four New Locality Pay Areas For The General Schedule.
The actual numbers federal employees will see in their paychecks next year depend on where they work, thanks to locality pay.
President Joe Biden Finalized A 5.2% Federal Pay Raise For Many Civilian Employees For 2024.