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The Office of Personnel Management told the Federal News Network that the pay raise “recognizes the federal workforce’s dedication and service to the American people and positions the federal ...
The pay raise comes along with the Pentagon's higher tax-free housing allowance. Basic Allowance for Housing rates will increase an average of 5.4% when the new rates take effect on Jan. 1, 2025.
In the wake of November's stop-gap bill to fund the federal government through early 2024, MoneyGeek looks at the ways in which a government shutdown would impact the lives of federal employees.
A 5.2% pay increase for service members of the armed forces. [20] [21] Procurement of up to 13 Virginia-class submarines. [22] [23] Authorize the sale and transfer of defense articles and services relating to the implementation of the AUKUS partnership, including:
The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024.. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget.
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In December 2010, President Obama issued executive order 13561 [3] carrying out a two-year federal employee pay freeze. [4] Two years later, on December 27, 2012, he issued a new order, Executive Order #13635, which would end the pay freeze and give civilian federal employees a 0.5% raise in 2013. [2]
Various news outlets have reported that most employers are only planning to increase salaries by an average of 4% in 2024, which is a slight decrease from the average raise in 2023 at about 4.3%.