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Federal Employees Will Receive 1% COLA Pay Raise Beginning Jan. 1

Federal Employees Will Receive 1% COLA Pay Raise Beginning Jan. 1

When civilian federal employees come back to work after New Year’s Day, they’ll find a little more money in their first paycheck thanks to a 1 percent cost-of-living adjustment (COLA) allowed in the fiscal year 2015 appropriations bill and ordered through executive action on Dec. 19. After three years of pay freezes for civilian personnel on the general schedule pay scale, employees received a COLA increase in FY ’14 and will again this year. The vice president and other high-ranking…

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