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Pay Raise

2023 Federal Pay Raise: Does Omnibus Spending Bill Provide a Bigger Raise?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 21, 2022 11:33 AM Categories Federal Employee Pay News Leave a comment
Scattered pile of $100 bills

Will Congress provide an additional amount for a 2023 federal pay raise? At this point, that is highly unlikely.

What Are “Special Rates” for Federal Employees? Will They Receive 4.1% Pay Raise?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 20, 2022 12:46 PM Categories Federal Employee Pay News Leave a comment
Spread of four $100 bills with a question mark pictured overlaid on top of them expressing doubt or uncertainty about a pay raise

What are special rates for federal employees and how are they related to the GS locality pay rates? Does the 2023 federal pay raise apply to the special rates?

Inflation, 2023 Federal Pay Raise, and Declining Wealth As 2022 Winds Down

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 13, 2022 8:12 PM Categories Federal Employee Pay News, Federal Employee Retirement Leave a comment

While the anticipated 2023 federal pay raise is 4.6%, on average, inflation has slowed to an annual increase of 7.1%.

Estimated 2023 GS Pay Scale for Federal Employees

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 5, 2022 10:16 AM Categories Federal Employee Pay News Leave a comment

What will federal employee pay be in 2023? Here is an estimate of the 2023 GS pay scale for each GS grade and step. Final figures will be out later this month.

2023 Federal Employee Pay: Changes in Two 2023 GS Locality Pay Areas

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 4, 2022 4:25 PM Categories Federal Employee Pay News Leave a comment

There will be changes to a couple of 2023 GS locality pay areas.

How is the Annual Federal Employee Pay Raise Determined? What You Need to Know

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 1, 2022 7:40 AM Categories Federal Employee Pay News Leave a comment
Four separate vertical stacks of coins growing in size from left to right pictured next to a white piggy bank on a wooden surface

How is the annual federal employee pay raise determined for the upcoming year?

What’s the Difference in the Annual COLA and Pay Raise?

FedSmith.com author Ian SmithBy Ian SmithNovember 8, 2022 8:35 AM Categories Federal Employee Retirement, Federal Employee Pay News Leave a comment

The annual COLA and pay raise are complex and often cause confusion. This is what they are and how they are different.

4.1% Differential Between 2023 Pay Raise, COLA

FedSmith.com author Ralph R. SmithBy Ralph R. SmithOctober 19, 2022 8:11 AM Categories Federal Employee Pay News, Federal Employee Retirement Leave a comment

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.

A Perfect Retirement Storm? Comparing Pay Raise, Inflation, COLAs During Periods of High Inflation

FedSmith.com author Ralph R. SmithBy Ralph R. SmithSeptember 9, 2022 9:17 AM Categories Federal Employee Retirement Leave a comment

Is 2022 a good year to retire? How do the annual pay raise, inflation, and COLAs compare during similar economic circumstances under Presidents Carter and Biden?

Biden Issues Alternative Pay Letter for 2023 Federal Pay Raise: Average 4.6% Raise

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: September 1, 2022 7:57 AM Categories Federal Employee Pay News Leave a comment

President Biden has issued the letter outlining his alternative pay plan of a 4.6% average increase for the 2023 federal pay raise.

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