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UPDATE (12/22/2023): 2024 Federal Pay Raise Finalized in Executive Order – 2024 GS Pay Tables now available.
The White House proposed a 2024 federal pay raise of 5.2 percent on March 9, 2023 in its annual budget request. It represents the largest pay raise for federal employees in more than 40 years.
The budget document stated: “The Budget provides an average pay increase of 5.2 percent for civilian and military personnel—and answers the President’s call for agencies to lead by example in supporting Federal worker organizing and collective bargaining.”
The administration’s budget proposal was not specific how the 5.2 percent increase would be divided into an overall average pay increase and locality pay.
The 2023 federal pay raise proposal from the White House was 4.6 percent, and it was enacted with a 4.1% base pay raise and a 0.5% average locality pay adjustment.
- SEE ALSO: Federal Retiree COLA Watch
The final 2024 federal pay raise figure won’t likely be released until December with pay tables from the Office of Personnel Management.
Getting to the final pay raise figure is usually a lengthy process involving Congress. Many federal employees are concerned about rising inflation, which could also influence the final number.
If enacted, the pay raise would go into effect in January for most federal employees.
The full text of the 2024 White House proposed budget can be downloaded here.