Your 2010 Pay Raise: 2%, 2.9% or 3.4%?
Will the 2010 average federal pay raise be 2%, 2.9% or 3.4%? All three figures are being used in Congress by different committees. Here is an update on the status of the 2010 pay increase.
Federal employees under the General Schedule (GS) get an annual pay raise most years. Articles in this section are an important resource for federal employees to stay informed about their pay and any potential changes that may affect their salaries. These articles emphasize the importance of understanding the factors that contribute to pay adjustments and the broader economic context in which these decisions are made.
Will the 2010 average federal pay raise be 2%, 2.9% or 3.4%? All three figures are being used in Congress by different committees. Here is an update on the status of the 2010 pay increase.
A considerably higher pay raise has been authorized for the military which may bump up the 2010 pay raise for federal employees.
Congress says it approves the idea of pay parity between federal employees and military personnel but doesn’t indicate how much should be approved for a possible pay raise in 2010. Will federal employees be asked to take a lower raise in the midst of rising unemployment and low inflation? Also, federal retirees are on track to go without a COLA increase.
How much will your pay raise be in 2010? President Obama has proposed 2% for civilians to bring federal pay and benefit practices “more in line with the private sector.”
We know that the average federal employee will receive a raise of 3.9% in 2008 and federal retirees will get a COLA of as much as 5.8%. What about employees under NSPS? Many NSPS employees in the Washington, DC area will get a higher raise than those under the GS system.
The President has signed an Executive Order implementing the 2009 federal pay increase. Here is a chart that shows the amount of the pay increase by locality pay area.
COLA’s and pay raises are of interest to virtually all of our readers. There is also confusion about who gets what increase. Here is a brief explanation of the 2009 COLA and the 2009 federal employee pay raise–and why you do not get both a pay raise and a COLA.
The average federal pay raise under the GS schedule in 2009 will be 3.9%. Some federal employees will get a much smaller increase–or none at all.
A temporary government spending bill will fund the federal government into March of next year. It also contains an average pay raise for federal employees of 3.9% that will be effective in January.
The 2009 federal pay raise will be influenced by a number of factors. Here are some of the events that will influence the amount of next year’s average federal pay raise.