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  2. January

    Millions of federal employees will receive an average 5.2% pay raise effective January, thanks to an executive order issued by the President on Thursday.
    www.federaltimes.com/management/pay-benefits/2023/12/22/federal-employees-cleared-for-52-pay-raise-in-2024/
    www.federaltimes.com/management/pay-benefits/2023/12/22/federal-employee…
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    When will federal employees get a pay increase?Millions of federal employees will receive an average 5.2% pay raise effective January, thanks to an executive order issued by the President on Thursday. It’s the largest base pay increase since the Carter administration nearly 40 years ago. The order finalized on Dec. 21 matches the pay proposal Joe Biden made in late August.
    When does a pay raise start?The pay raise will be effective on the first day of the first applicable pay period beginning on or after January 1, 2024. The 5.2% pay raise is the largest in over 40 years. The last time federal employees received a pay raise of this size was in 1980 under President Carter. It was 9.1% that year.
    What is the average pay increase for federal employees in 2024?This will result in an overall average pay increase of 5.2% for federal employees in 2024. The pay raise will be effective on the first day of the first applicable pay period beginning on or after January 1, 2024. The 5.2% pay raise is the largest in over 40 years.
    What is the largest federal pay raise in 40 years?The 5.2% pay raise is the largest in over 40 years. The last time federal employees received a pay raise of this size was in 1980 under President Carter. It was 9.1% that year. The 2024 General Schedule (GS) pay scale is based on the 2024 federal pay raise.
     
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    WebDec 23, 2022 · The pay raise will be effective on the first day of the first applicable pay period beginning on or after January 1, 2023. 2023 Federal Pay Raise. Watch on. 2023 GS Locality Pay Tables. See the …

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