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

$19.1938

+0.01%

+2.34%

F Fund

$20.1824

0.00%

+3.62%

C Fund

$99.9137

+0.29%

+7.52%

S Fund

$94.5742

+0.22%

+4.91%

I Fund

$50.0022

+0.09%

+19.35%

L Income

$28.0652

+0.06%

+4.95%

L 2030

$54.4624

+0.13%

+7.96%

L 2035

$16.4952

+0.14%

+8.49%

L 2040

$62.9816

+0.15%

+9.00%

L 2045

$17.3644

+0.16%

+9.43%

L 2050

$38.3339

+0.17%

+9.85%

L 2055

$19.5503

+0.21%

+11.19%

L 2060

$19.5479

+0.21%

+11.19%

L 2065

$19.5454

+0.21%

+11.19%

L 2070

$11.5842

+0.21%

+11.20%

L 2075

$10.1189

+0.21%

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