The two.7% pay increase for federal staff in 2022 is the biggest improve in almost twenty years and comes at a time when the price of dwelling is rising quickly. The increase will have an effect on greater than 2 million federal employees and can price the federal government an estimated $25 billion over the following 12 months.
The pay increase is an element of a bigger effort by the Biden administration to deal with the difficulty of stagnant wages for federal staff. The administration has additionally proposed plenty of different measures to assist federal employees, together with rising the minimal wage for federal contractors and increasing entry to inexpensive housing.
