Gs Pay Scale 2024 Increase News

Gs Pay Scale 2024 Increase News. Stay informed about important topics such as annual federal pay raises, the gs pay scale, and thrift savings plan (tsp) including the latest tsp performance updates. Beginning july 1, 2024, the new dol rule increases the salary threshold, making millions of previously exempt employees nonexempt from overtime pay.

With the committee’s advancement of the bill, federal employees are another step closer to seeing a 2% federal pay raise in 2025. Incorporating the 4.7% general schedule increase and a locality payment of 18.46%.