Federal pay raise in 2024, USA

1. President Biden plans a federal pay raise in 2024, effective January

Breakdown:

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3.Despite the raise, federal workers still face a 27.54% wage gap compared to the private sector.

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4.The wage gap has persisted above 20% since 2007, with FEPCA, enacted in 1990, yet to be fully implemented.

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5.President Biden's alternative pay plan for 2024 offers a 5.2% average pay raise, sparking discussions.

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6.The National Treasury Employees Union calls for an 8.7% average raise through the FAIR Act to address the growing pay gap.

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7.Closing the wage gap would require a substantial $22 billion investment, according to recent estimates.

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1. President Biden plans a federal pay raise in 2024, effective January

Biden's Boost:

Breakdown:

2.The 5.2% increase includes a 4.7% across-the-board raise and a 0.5% locality pay adjustment for most General Schedule employees.

3.Despite the raise, federal workers still face a 27.54% wage gap compared to the private sector.

Wage Gap Woes:

4.The wage gap has persisted above 20% since 2007, with FEPCA, enacted in 1990, yet to be fully implemented.

Wage Gap Woes:

Wage Gap Woes:

5.President Biden's alternative pay plan for 2024 offers a 5.2% average pay raise, sparking discussions.

Alternative Approach:

6.The National Treasury Employees Union calls for an 8.7% average raise through the FAIR Act to address the growing pay gap.

Advocacy for More:

7.Closing the wage gap would require a substantial $22 billion investment, according to recent estimates.

Costly Gap Closure: