Fed Employee Cost Of Living Increase 2024. 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. The 2024 gs pay scale increase coincides with white house’s original plan proposed in the fiscal 2024 budget which provides federal employees with an across.

As a reminder, the average 5.2 percent 2024 federal employee pay raise will not be reflected in the next pay distribution that employees receive, since annual raises. According to the bureau of labor statistics, in 2023, only 15% of private industry workers had access to a.