2024 Cost Of Living Increase For Employees

2024 Cost Of Living Increase For Employees. Now that the final data have been announced on the inflation rate for the third quarter of 2023, we know the 2024 cost of living adjustment (cola) for federal retirees will be. 50% will offer a raise of 3% or less.


2024 Cost Of Living Increase For Employees

The table below shows the federal pay raises general schedule employees will actually receive. Various news outlets have reported that most employers are only planning to increase salaries by an average of 4% in 2024, which is a slight decrease from the average.

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