2024 Federal Pay Raise: How About 8.7%?
Legislation has been introduced to set the 2024 federal pay raise for federal employees at 8.7%.
Inflation
4 Things That Can Boost Your Savings in 2023
Changes on tap for 2023 offer federal employees an incentive to save more towards retirement.
2024 COLA? 2022 Inflation 6.5%, COLA 8.7%, Average Raise 4.6%
The 2022 inflation rate was 6.5% at the end of the year. The COLA for 2023 was 8.7%. What is likely to happen with the 2024 COLA?
Inflation, 2023 Federal Pay Raise, and Declining Wealth As 2022 Winds Down
While the anticipated 2023 federal pay raise is 4.6%, on average, inflation has slowed to an annual increase of 7.1%.
Federal Employees’ Pay Satisfaction on the Decline
The 2022 FEVS results indicate that federal employees are becoming increasingly dissatisfied with their pay.
USPS Reports Both a Loss and a Gain in FY 2022 Financial Results
The financial impact of the Postal Service Reform Act skewed the 2022 USPS financial results. Inflation also continues to weigh heavily on the agency.
2022 Inflation Continues Going Up; FERS Retirees Still Get 1% Less Than CSRS on 2023 COLA
Inflation is still with us in 2022. The latest inflation figures are no longer at a 40-year high, but consumers are still feeling pinched.
4.1% Differential Between 2023 Pay Raise, COLA
Inflation has been rising fast, and the 2023 COLA was just announced. Even with a projected 2023 pay raise of 4.6%, purchasing power is declining fast.
2023 COLA for Federal Retirees Highest Since 1981
The 2023 COLA for federal retirees and Social Security recipients has been announced and will be the largest in since 1981.
Fed Attacks Inflation With Another Big Hike and Expects More
Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come.
