Cola For 2024 For Federal Employees. The cost of living adjustment (cola) in january 2024 will be 3.2%. The office of personnel management (opm) has finalized four new locality pay areas, ensuring approximately 33,000 federal employees will receive a pay raise.
What federal employees need to know. The retiree cola to be paid effective monday (january 1)โ3.2 percent to those retired under csrs and 2.2 percent to those retired under fers who are eligible.
What Is The Cola For 2024?
The 2024 cola was announced on october 12, 2023.
The Office Of Personnel Management (Opm) Has Finalized Four New Locality Pay Areas, Ensuring Approximately 33,000 Federal Employees Will Receive A Pay Raise.
The 2024 cola was recently announced.
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.
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The Office Of Personnel Management (Opm) Has Finalized Four New Locality Pay Areas, Ensuring Approximately 33,000 Federal Employees Will Receive A Pay Raise.
Federal employees retirement system (fers) fers special;.
What Is The Cola For 2024?
It is managed by the social security administration, part of the federal government.