Cola Increase 2024 For Government Employees Calculator

Cola Increase 2024 For Government Employees Calculator. Take your monthly payment and multiply it by 3.2% to calculate your cola increase for 2024 then add this number to the amount you received in. This consists of a general schedule (gs) base pay increase of 4.7% and a 2024 gs locality pay.

How is the 2024 cola calculated? Department of labor calculates the change in the consumer price index (cpi) for urban wage earners and clerical workers from the third quarter average of the previous.