2024 Cost Of Living Increase For Employees

2024 Cost Of Living Increase For Employees. 5% step increase from minimum salary of the pay range at year 3 ; As inflation cools, the cola for 2025 could shrink from this year’s 3.2% increase to 2.6%.

For the year 2024, annuitants who retired under csrs will receive 3.2 percent increase and those who retired under fers will receive a 2.2 percent increase. President joe biden signed an executive order implementing an average 5.2% federal pay raise for most civilian.