Joe Biden finalized a 5.2% federal pay raise for many civilian employees for 2024. The highest in over two decades, with the second highest being last year’s.
Wasn’t paywalled for me, but I didn’t care to read 10 paragraphs of the same thing so I just skimmed.
Found nothing historical in the article, closest was
The salary hike for the federal civilian workforce of close to 2.2 million people is the heftiest since a 9.1 percent average raise in 1980. It’s 0.6 percentage points higher than last year’s increase, which itself was the highest in two decades, and will take effect in the first full pay period of 2024, starting Jan. 14 for most federal employees.
So I guess it’s historically the second highest amount?
Its paywalled, what makes it historic
Joe Biden finalized a 5.2% federal pay raise for many civilian employees for 2024. The highest in over two decades, with the second highest being last year’s.
Sadly, the average inflation in 2022 was 8% and 2023 is 3.1% (so far). The raise start of 2023 was 4.1% so it doesn’t quite cover inflation.
Wasn’t paywalled for me, but I didn’t care to read 10 paragraphs of the same thing so I just skimmed.
Found nothing historical in the article, closest was
So I guess it’s historically the second highest amount?
Yeah. Not very historic when inflation surpasses it. Better than nothing though!
Federal Employees at least stay close to the interest increase. Most people get zero increase year after year.