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Federal Employee Pay Increase: 8.7% Total Adjustment for 2024.

This bill proposes a significant pay raise for federal government employees starting in calendar year 2024. If passed, it would increase the total compensation for federal workers by 8.7%, helping them manage rising costs of living. This adjustment is split between a 4.7% increase in basic pay and a 4.0% increase in locality pay.
Key points
Federal employees (including prevailing rate employees) would receive an 8.7% total pay increase starting in 2024.
The increase is composed of a 4.7% raise in basic salary rates and an additional 4.0% increase applied to locality pay.
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Additional Information
FAIR Act
Print number: HR 536
Sponsor: Rep. Connolly, Gerald E. [D-VA-11]
Process start date: 2023-01-26