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- The GS pay table incorporates a base pay increase of 4.7% and an additional 0.5% for locality pay. The pay cap for some higher GS grades will be $191,900 in 2024 as limited by the rate for level IV of the Executive Schedule. This is a 4.6% increase over the limit in 2023 which was $183,500.www.fedsmith.com/2023/12/21/2024-federal-pay-raise-2024-gs-pay-scale-finaliz…
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