President Joe Biden signs off on 2% pay raise for most civilian federal employees [View all]
Source: USA Today/Yahoo
Most federal employees are set to start the new year making a little more cash after President Joe Biden signed an executive order Monday.
The executive order, announced Monday by the White House, said that a 2% pay increase will be given to most civilian federal employees starting on January 2025. According to reporting from Federal News Network, the raise is part of set increases proposed throughout the year.
According to the executive order, the 2% increase is an average, as raises for employees will be determined by location. Therefore, some will see slightly more or less than a 2% pay raise.
Another pay increase of 4.5% was given to military members as part of the 2025 National Defense Authorization Act. Earlier this year, a pay raise of 5.2% on average was given to federal employees, making it the largest increase in 40 years.
Read more: https://www.yahoo.com/news/president-joe-biden-signs-off-232730536.html
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