when does 2024 gs pay increase take effect - Search
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  2. July 1, 2024
    • According to 2 sources
    Initial increased salary thresholds are scheduled to take effect on July 1, 2024, followed by additional increases just 6 months later on January 1, 2025, and then followed by automatic increases in subsequent years.
    The increase will take effect in two stages over six months. The standard salary level will increase in two phases from the current $684 per week ($35,568 per year) to: July 1, 2024: $844 per week ($43,888 annually) Jan. 1, 2025: $1,128 per week ($58,656 annually)
     
  3. People also ask
    What is the GS pay raise in 2024?This gives a total 2024 GS pay raise of 5.29%. This pay raise impacts all federal employees including those on the GS pay scale, LEO, SES, ES, Federal Wage Grade, Pay Bands, and other federal pay systems. There are nearly 2 million civilian US federal employees – most are on the GS pay scale. There are 4 new locality areas added in 2024:
    What is the average pay increase for federal employees in 2024?This will result in an overall average pay increase of 5.2% for federal employees in 2024. The pay raise will be effective on the first day of the first applicable pay period beginning on or after January 1, 2024. The 5.2% pay raise is the largest in over 40 years.
    When does the 2024 federal pay raise take effect?The 2024 federal pay raise will take effect in the first full pay period in January. Federal News Network’s Jared Serbu contributed to this report. Copyright © 2024 Federal News Network. All rights reserved.
    When are the 2024 GS pay schedules effective?The 2024 GS pay schedules are effective the first day of the first applicable pay period beginning on or after January 1, 2024 (January 14, 2024, based on the standard biweekly payroll cycle). SEE ALSO: New 2024 Locality Pay Areas Finalized Affecting 33,000 Federal Employees
     
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