Cola Increase 2024 For Government Employees. Biden declared his alternate pay raise for 2024 to bring 2.2 million federal employees in line with a boost he first proposed in the. This consists of a general schedule (gs) base pay increase.

The cost of living adjustment (cola) in january 2024 will be 3.2%. On december 21 st, 2023, president joe biden signed an executive order finalizing his 2024 pay raise for federal employees.