Bill 119 HR 493, also known as the "Pay Raise Act," aims to increase the rates of pay for employees under the statutory pay systems and prevailing rate employees by 4.3 percent. This bill is designed to provide a salary incre...
ase for federal employees to keep up with the rising cost of living and to ensure that they are fairly compensated for their work.
The bill does not specify which specific employees will receive the pay raise, but it is likely to apply to a wide range of federal workers who fall under the statutory pay systems and prevailing rate employees. This could include employees in various government agencies, such as the Department of Defense, Department of Homeland Security, and Department of Veterans Affairs.
The purpose of this bill is to address concerns about the stagnation of federal employee salaries and to attract and retain talented individuals in the federal workforce. By increasing pay rates by 4.3 percent, the bill aims to provide a competitive salary that reflects the value of the work that federal employees do.
Overall, the Pay Raise Act seeks to improve the financial well-being of federal employees and ensure that they are fairly compensated for their contributions to the government. It is a non-partisan effort to address the needs of federal workers and support the efficiency and effectiveness of the federal workforce.