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Source: Federal Times
Federal employees cleared for 5.2% pay raise in 2024
Biden signed the executive order on Thursday.
By Molly Weisner | December 22, 2023
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.
The across-the-board pay increase will be 4.7% and locality pay will average an additional 0.5%. Last year's raise averaged 4.6%.
"This welcomed pay raise demonstrates an understanding of the value of these hard-working civil servants and the jobs they do, as well as displays the administration's ongoing commitment to recruitment and retention of talented federal employees," said William Shackelford, president of the National Active and Retired Federal Employees Association, in a statement.
Service members are also on track for a 5.2% pay raise in the 2024 National Defense Authorization Act, Military Times previously reported.
Despite the fact that federal agencies are still operating without a full budget, Biden's order cements the pay raise for 2024. Unless Congress quibbles with Biden's figure in another CR or in the Financial Services and General Government bill, the pay raise defers to the President's authority.
However, if Congress misses its funding deadlines in January and February, the government again risks facing a shutdown, during which pay altogether could be halted for certain employees.
Source: Federal Times
Federal employees cleared for 5.2% pay raise in 2024
Biden signed the executive order on Thursday.
By Molly Weisner | December 22, 2023
President Joe Biden, viewed through the branches of a Christmas tree, speaks from the East Room of the White House in Washington, Monday, Dec. 6, 2021, on his administrations plans to lower the costs of prescription drugs, letting Medicare negotiate drug prices, capping how much seniors and people with disabilities have to pay for drugs. (AP Photo/Susan Walsh)
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.
The across-the-board pay increase will be 4.7% and locality pay will average an additional 0.5%. Last year's raise averaged 4.6%.
"This welcomed pay raise demonstrates an understanding of the value of these hard-working civil servants and the jobs they do, as well as displays the administration's ongoing commitment to recruitment and retention of talented federal employees," said William Shackelford, president of the National Active and Retired Federal Employees Association, in a statement.
Service members are also on track for a 5.2% pay raise in the 2024 National Defense Authorization Act, Military Times previously reported.
Despite the fact that federal agencies are still operating without a full budget, Biden's order cements the pay raise for 2024. Unless Congress quibbles with Biden's figure in another CR or in the Financial Services and General Government bill, the pay raise defers to the President's authority.
However, if Congress misses its funding deadlines in January and February, the government again risks facing a shutdown, during which pay altogether could be halted for certain employees.
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The increase in money supply is going to cause all sorts of problems:
Over 2000 pizza delivery drivers to be laid off in California as $20 minimum wage takes effect
As the federal US corporation begins to collapse what is your status?
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