Cola Increase For Federal Employees 2024. No doubt, the 2024 cola will be less than 2023’s 8.7% cola as the federal reserve continues to raise interest rates in an attempt to reduce the historic. 2024 federal pay raise and 2024 cola:
The president must formalize his proposal to give federal employees their largest annual. Other general schedule employees covered by this table whose pay rate at their grade and step on this table is below the rate for the same grade and step on an applicable.