Fed Employee Cost Of Living Increase 2024

Fed Employee Cost Of Living Increase 2024. Actual 2024 federal pay raises for civilian employees will range from 4.7% to 5.7%, depending on where they work. The white house first announced its 2024 pay raise plan as part of its fiscal budget proposal, making the recommendation the largest pay increase for civilian federal.

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. In 2025, the social security cola may be 2.6%, according to mary johnson, an.