Can we predict what next year’s federal pay raise will be?
Snippet of Article: "...The process by which federal raises are calculated comes from Title 5 of the U.S. Code, which says that every rate on the General Schedule should see a boost in base pay that equals half a percentage point less than the previous year’s Employment Cost Index (ECI), a figure calculated by the Bureau of Labor Statistics. So theoretically, the answer..."
Source: federalnewsradio.com