OPM Implementing 2007 Federal Pay Raise
OPM is implementing the 2007 pay raise but no one really knows what the final figures will be.
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.
OPM is implementing the 2007 pay raise but no one really knows what the final figures will be.
The possibility of a 2.7% average raise for federal employees took a decidedly negative turn this week with the announcement that Congress will, in effect, keep the continuing resolution in effect for the remainder of the fiscal year.
The process of determining the 2007 pay raise amount is moving along slowly. But, while the process is moving, there is no final answer on the question of how much employees will be getting in their paychecks next year.
Many Federal retirees are on track for a 2.9% increase next year–and the figure is likely to be higher by the end of September.
Active federal employees are on track for an average 2.7% pay increase in 2007. Many federal retirees will probably do better than that again in 2007.
The system for determining the average federal pay raise is steeped in politics. What is going on and why?
The 2007 pay raise process for federal civilian employees is following what is now a fairly well-worn path. No one knows the final outcome but 2.7% looks like the most likely result based on what has occurred so far.
President Bush signed an Executive Order late yesterday approving the 2006 pay raise for federal employees.
President Bush has signed the appropriations bill for several agencies that contains the 2006 pay raise for federal employees.
Should Congress forego a pay raise this year? If that happens, should the pay raise for federal employees be impacted as well in order to cut government spending?