Home Personal Finance Senate Panel Backs 5.2 Percent 2024 Federal Employee Raise

Senate Panel Backs 5.2 Percent 2024 Federal Employee Raise

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In Congress’ first formal action on federal employee pay increases in 2024, the Senate Armed Services Committee backed President Biden’s proposed 5.2%, reflecting the approval of similar pay increases for military personnel.

A summary of the Pentagon’s Annual Authorization Bill passed by the Commission late last week, which has not yet been released in full, states, “A 5.2% salary increase for both military and DoD civilian workers. It is stated that The commission has no role in raising pay for federal employees working for agencies other than the Department of Defense, but annual pay increases have always applied to all agencies.

The commission’s statement effectively endorsed “pay parity,” which sets equal pay increases for uniformed and federal employees, a generally long-held practice, albeit with exceptions.

The House Response Committee also backs the 5.2% for military personnel, but the bill’s outline, also approved last week, does not include any mention of pay increases for federal employees.

Although the DoD-authorized bill does not provide for pay increases for federal employees, it sends a message of intent that has often been maintained throughout the budget process. The amount of the pay increase is usually set in the annual General Government Appropriations Bill, but either the bill specifies the number or it takes a stand and allows the White House proposal to go into effect automatically. be.

The House subcommittee handling the bill approved the bill in a partisan vote, but made no mention of the increase. However, if the appropriations committee as a whole picks it up, there could be an amendment to set the numbers. The corresponding Senate committee has yet to release its version of the bill.

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See also

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What it takes to become a TSP millionaire with today’s money

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