Wg Cost Of Living Increase 2024 . Starting in january of 2024, federal employees will receive an average raise of 5.2% in their first full cycle paychecks, per president biden’s executive order. The cost of living adjustment (cola) in january 2024 will be 3.2%.
How much is the increase: President biden on thursday issued an executive order implementing his plan to provide civilian federal workers with an average 5.2% pay raise next month.
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