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By CNBCTV18.com Mar 8, 2023 7:29:34 PM IST (Published)
This would be the largest pay increase for around 2.1 million federal employees since a 9.1 percent increase in 1980, the report added. However, it would still be lower than the 8.7 percent raise, which was called by several democrats and federal employee unions.
US President Joe Biden is expected to propose a 5.2 percent pay raise for federal employees in his upcoming budget, which is likely to be announced on Thursday. This pay raise for federal employees is expected to be the largest increase that the White House has proposed since Jimmy Carter’s presidency.
This proposal for a salary increase will be included in Biden’s upcoming budget for the new fiscal that starts from October 1, reported Washington Post quoting a senior federal official. The new salary boost is likely to come into effect in January, it added.
This would be the largest pay increase for around 2.1 million federal employees since a 9.1 percent increase in 1980, the report added. However, it would still be lower than the 8.7 percent raise, which was called by several democrats and federal employee unions.