President Biden has issued an executive order to implement his plan (originally announced in August) to provide federal workers with an average 2.7% increase in pay for 2022
The pay raise provides federal employees with a 2.2% raise across-the-board with an additional 0.5% for locality adjustments, to total up to 2.7%. The increase would take effect on the first day of the first applicable pay period beginning on or after January 1, 2022. This pay raise is applicable for both civilian and military personnel equally.
Though this raise is a welcomed increase from the the 1% federal employees received for 2021 (which did not include a locality pay adjustment), it’s still smaller than the 3.1% raise from 2020.
Federal workers unions, and a number of members of Congress, had pushed for an even greater increase of 3.2%, with the main difference being an increase in locality pay averaging 1% as opposed to 0.5%. A 3.2% pay raise would still fall well below the annual rate of inflation experienced in 2021, at 6.8%, as of November.
If you need help getting your benefits in order (FEGLI, FEHB, Military Buy Back, etc) or are interested in finding out when you can retire or the best time to retire, we can help. MyFEDBenefits is a free resource for all federal employees, helping you with important benefits and retirement questions and challenges. Find a Benefits Specialist in your area today: https://myfedbenefitshelp.com/contact-us/find-a-benefits-specialist/
Read the official White House announcement here: https://www.whitehouse.gov/briefing-room/presidential-actions/2021/12/22/executive-order-on-adjustments-of-certain-rates-of-pay/
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