In 2022, the pay raise for federal employees was 2.7%. This increase was in line with the average private sector pay raise and was the largest pay raise for federal employees in over a decade.
The pay raise was important for several reasons. First, it helped to keep federal employees’ salaries competitive with the private sector. Second, it helped to offset the rising cost of living. Third, it showed that the government is committed to its employees.
The 2.7% pay raise for federal employees in 2022 is the largest increase in nearly two decades and comes at a time when the cost of living is rising rapidly. The raise will affect more than 2 million federal workers and will cost the government an estimated $25 billion over the next year.
The pay raise is part of a larger effort by the Biden administration to address the issue of stagnant wages for federal employees. The administration has also proposed a number of other measures to help federal workers, including increasing the minimum wage for federal contractors and expanding access to affordable housing.
