The 2.7% pay raise for federal employees in 2022 is the largest increase in nearly two decades and comes at a time when the cost of living is rising rapidly. The raise will affect more than 2 million federal workers and will cost the government an estimated $25 billion over the next year.
The pay raise is part of a larger effort by the Biden administration to address the issue of stagnant wages for federal employees. The administration has also proposed a number of other measures to help federal workers, including increasing the minimum wage for federal contractors and expanding access to affordable housing.
