In today’s challenging economic climate, where rising housing costs, soaring inflation, and stagnant wages are squeezing household budgets, the dream of homeownership seems increasingly elusive for many. However, for those seeking to invest in real estate and build wealth, there’s an alternative path that doesn’t require a hefty down payment: purchasing rental property with no […]
OPM pay scale 2024
The 2024 OPM pay scale has not been officially released yet. However, the White House has formally announced that the across-the-board base pay increase for 2024 will be 4.7%. This is in line with the Federal Employment Compensation Council’s (FECCO) recommendation of a 5.2% increase.
The locality pay increases for 2024 will average 0.5%, according to the White House. This is lower than the 3.4% average increase for 2023. However, it is still possible that some locality pay areas will receive higher increases.
The overall average increase for 2024 will be 5.2%. This is the largest pay increase for federal employees since 2010.