Cola Increase 2024 For Government Employees. The white house formalized its plan to give federal employees a 2024 pay raise of an average 5.2%. The 2024 general schedule (gs) pay scale is based on the 2024 federal pay raise.
President joe biden signed an executive order implementing an average 5.2% federal pay raise for most civilian employees in 2024, the final step needed to make the salary increases. President biden on thursday formalized his plan to provide civilian federal employees with an average 5.2% pay increase, their largest in four decades, in a letter to congressional leaders.
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