2024 Cost Of Living Increase For Employees. Grocery prices, led by meat and eggs, rose 1.3%, while the cost of food away from home climbed 3.9%. President biden on thursday issued an executive order implementing his plan to provide civilian federal workers with an average 5.2% pay raise next month.

For the year 2024, annuitants who retired under csrs will receive 3.2 percent increase and those who retired under fers will receive a 2.2 percent increase. The gs pay table incorporates a base pay increase of 4.7% and an additional 0.5% for locality pay.