Federal Salary Council: News & Articles

CBO: Total Federal Compensation 5% Higher Than Private Sector at All Education Levels But Lags at Higher Levels

By Ralph R. SmithApr 29, 2024 7:14 AM Federal Employee Pay News Leave a comment

Illustration of a person's hand holding a magnifying glass over a spread of money studying finances

A new CBO report found that total compensation of federal employees is 5% higher on average than their private sector counterparts.

Congratulations! Average Federal Salary Now Tops $101,000

By Ralph R. SmithJan 22, 2024 7:10 AM Federal Employee Pay News Leave a comment

Vertical stacks of coins getting taller in size going from left to right against a solid white background with the word 'salary' written out in blocks in front of the coins

The average federal salary now tops $100,000—not including the 5.25% average pay raise in 2024. Most federal employees are now in a locality pay area.

2023 Locality Pay Report Proposes Changes Increasing Pay for About 16,000 Federal Employees

By Ralph R. SmithDec 8, 2022 1:08 PM | Updated: Dec 9, 2022 1:24 PM Federal Employee Pay News Leave a comment

Stacks of coins increasing in size set against a city skyline in the background depicting locality pay

A 2023 locality pay report recommends changes that would increase pay for about 16,000 federal employees if adopted.

Fund

Last

YTD

G Fund

$18.8520

+0.04%

+0.52%

F Fund

$19.6517

-0.02%

+0.89%

C Fund

$95.9520

+0.69%

+3.25%

S Fund

$94.7561

+0.37%

+5.11%

I Fund

$43.8318

+0.28%

+4.62%

L Income

$27.1322

+0.16%

+1.46%

L 2025

$13.9762

+0.17%

+1.56%

L 2030

$51.7713

+0.31%

+2.63%

L 2035

$15.6354

+0.34%

+2.83%

L 2040

$59.5362

+0.37%

+3.03%

L 2045

$16.3774

+0.39%

+3.21%

L 2050

$36.0758

+0.41%

+3.38%

L 2055

$18.2771

+0.50%

+3.95%

L 2060

$18.2748

+0.50%

+3.95%

L 2065

$18.2723

+0.50%

+3.95%

L 2070

$10.8279

+0.50%

+3.94%

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