Calendar Year 2024 Pay Raise
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SUMMARY: The President has issued an Executive Order implementing an average 5.2 percent pay raise for the General Schedule federal workforce (pay tables are included). The President has issued the Executive Order (EO) implementing an average 5.2 percent pay increase for General Schedule (GS) federal employees for calendar year 2024. The average 5.2 percent pay increase consists of a 4.7 percent across-the-board increase and an average 0.5 percent increase to locality pay rates. It is important to note that the 0.5 percent locality pay figure is an average number, meaning some areas will receive locality pay increases below this amount, while others will receive locality pay rate increases slightly above this amount. These new pay rates will be effective in the first full pay period of 2024. The new 2024 General Schedule pay tables from OPM can be found on the OPM website at https://www.opm.gov/policy-data-oversight/pay-leave/salaries-wages/2024/general-schedule. The pay tables are specific for each designated locality pay area (and RUS). While this pay raise is certainly not as much as federal workers deserve, it is the highest pay raise in 43 years and is a welcome step forward. |
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