Introduction
If you’re a federal employee, you know that the General Schedule (GS) pay system determines your salary. Each year, the Office of Personnel Management (OPM) releases a pay calendar to show when you can expect your paychecks. In this article, we’ll go over the GS pay calendar for 2024 and answer some common questions about federal pay.
What is the GS pay system?
The GS pay system is the pay scale used by most federal civilian employees. It has 15 grades, with each grade having 10 steps. Your salary is determined by your grade and step, as well as your location and specialty.
When does the 2024 GS pay calendar go into effect?
The 2024 GS pay calendar goes into effect on January 6, 2024. This is the first pay period of the year, and it’s when most federal employees will receive their first paycheck of the year.
2024 GS Pay Calendar
Here is the 2024 GS pay calendar, as released by the OPM: – January 6, 2024 – January 20, 2024 – February 3, 2024 – February 17, 2024 – March 2, 2024 – March 16, 2024 – March 30, 2024 – April 13, 2024 – April 27, 2024 – May 11, 2024 – May 25, 2024 – June 8, 2024 – June 22, 2024 – July 6, 2024 – July 20, 2024 – August 3, 2024 – August 17, 2024 – August 31, 2024 – September 14, 2024 – September 28, 2024 – October 12, 2024 – October 26, 2024 – November 9, 2024 – November 23, 2024 – December 7, 2024 – December 21, 2024
How often do federal employees get paid?
Most federal employees are paid every two weeks, or 26 times per year. However, some employees, such as those in the Foreign Service, may be paid on a different schedule.
How much will federal employees get paid in 2024?
The amount federal employees get paid in 2024 will depend on their grade and step, as well as their location and specialty. However, the OPM has announced that federal employees will receive a 2.2% pay increase in 2024.
Conclusion
Now that you know the 2024 GS pay calendar, you can plan your finances accordingly. Remember, federal employees are paid every two weeks, and the first pay period of the year starts on January 6, 2024. If you have any more questions about federal pay, be sure to consult the OPM website or talk to your HR representative.