Pay & Benefits
Some Federal Employees Could Get Inflation Bonus in 2023
A draft bill in Congress is proposing paying some federal employees a 2023 inflation bonus to help offset rapidly rising inflation.
Pay Raise
Stay updated on the latest federal pay raise news, including annual General Schedule (GS) pay adjustments, proposed increases, locality pay changes, and policy decisions that shape federal employee salaries. Explore analysis of White House and Congressional proposals, OPM guidance, economic factors influencing pay decisions, and historical trends in federal pay raises. Find clear explanations and timely updates to help federal employees understand how upcoming pay changes may affect their earnings and take‑home pay.
Pay & Benefits
2023 Federal Pay Raise, Inflation, and Wishful Thinking
What are the prospects for a larger 2023 federal pay raise? Will the highest inflation in 40 years have an impact?
Pay & Benefits
High Inflation and A Bear Market: Will “Double Whammy” Impact 4.6% Proposed Pay Raise?
Two of the TSP stock funds are now in bear market territory and inflation is raging. What does history show about a federal pay raise during high inflation?
Pay & Benefits
Lawmakers Push for 5.1% 2023 Federal Pay Raise
A group of over 60 House Democrats want a higher 2023 federal pay raise for federal employees than what has been proposed by the White House.
Pay & Benefits
Average Federal Employee Salary 2010-2021: $74,307 to $93,773. With No Pay Raise, Retirements Went Up
How much has the average federal employee salary changed? Do pay raises which are less than a COLA influence the number of retirements?
Pay & Benefits
President’s Budget Proposes 4.6% 2023 Federal Pay Raise
The White House has proposed 4.6% for the 2023 federal pay raise.
Retirement
2023 COLA and the Long Expected Federal Retirement Tsunami
With a significant differential between a COLA and pay raise in 2022 and 2023, many federal employees are likely to retire. Here is why.
Pay & Benefits
Why Your Raise or Annuity Goes Down Faster Than Inflation Goes Up
How is inflation measured? Measurement methods have changed. Those who think their decline in purchasing power is higher than reported are probably right.
Pay & Benefits
Inflation Rate Soars to 7.5%; Comparing 45 Years of Federal Raises, Inflation, and COLAs
Inflation is soaring. How does the inflation rate compare to 45 years of pay raises and COLAs?
Retirement
Pay Raises, COLAs, Politics, 7.8% Inflation, and Federal Retirement
Are the retirement decisions by federal employees impacted by politics and policy decisions?