2% Pay Raise Approved by President

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By on December 31, 2003 in Pay & Benefits with 0 Comments

President Bush has issued an executive order approving a pay raise of 2% for federal employees. The raise is effective “on the first day of the first applicable pay period beginning on or after January 1, 2004.

So what happened to the 4.1% pay raise that employees are expecting?

There is little doubt the higher raise will pass but it has yet to be approved by Congress. The raise is caught up in the political impasse over the massive spending bill that contains the fiscal year 2004 budget for a number of agencies.

Congress convenes in Washington again on January 20. The House has passed the huge spending bill but it has been bogged down in the Senate.

There is no way to know with any certainty when the final bill will be passed. After its passage, the 4.1% raise is most likely to be applied retroactively as it was last year.

© 2017 Ralph R. Smith. All rights reserved. This article may not be reproduced without express written consent from Ralph R. Smith.

About the Author

Ralph Smith has several decades of experience working with federal human resources issues. He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters on federal human resources. Follow Ralph on Twitter: @RalphSmith47