2024 Cost Of Living Increase For Employees

2024 Cost Of Living Increase For Employees. Cost of living when inflation drives up the price of goods and services, currency is devalued and the cost of living increases. The gs pay table incorporates a base pay increase of 4.7% and an additional 0.5% for locality pay.

Biden signed the executive order on thursday. Cost of living when inflation drives up the price of goods and services, currency is devalued and the cost of living increases.