Cola Increase 2024 For Government Employees Calculator

Cola Increase 2024 For Government Employees Calculator. That would be the lowest cola since 2021. Each year, the government provides a cola to recipients' benefits checks based on the rate of inflation.

Actual 2024 federal pay raises for civilian employees will range from 4.7% to 5.7%, depending on where they work. As the end of 2023 rapidly approaches, millions of government workers wonder what the federal pay raise will be for 2024.