Cost Of Living Pay Increase For 2024 . Here's how much salaries may increase in 2024 to keep up with inflation and job market changes. With the expected adjustment for cost of living for 2024 at 8.7%, if you give an employee an annual salary increase of $10,000, you will need to adjust that amount.
Employers will need to balance. For the year 2024, annuitants who retired under csrs will receive 3.2 percent increase and those who retired under fers will receive a 2.2 percent increase.
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