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Another pay increase of 4.5% was given to military members as part of the 2025 National Defense Authorization Act. Earlier this year, a pay raise of 5.2% on average was given to federal employees ...
That is lower than the 4.4% average increase they paid out in 2023, which marked a 20-year high for base pay raises. But it is a tick up from the 3.8% bump that companies were paying out this year ...
The 2023 budget that became law in October is a two-year spending plan covering the fiscal years of July 1, 2023 through June 30, 2025. The bill built in the raises to be doled out over two years.
An annual survey by Palmer Group shows 97% of Iowa companies anticipate giving wage increases in 2025 with most falling in 3% to 4% range
The Fiscal Responsibility Act of 2023, passed in June 2023, resolved that year's debt-ceiling crisis and set spending caps for FY2024 and FY2025. The act called for $895 billion in defense spending and $711 billion in non-defense discretionary spending for fiscal year 2025, representing a 1% increase over fiscal year 2024. [10]
If you feel you’ve earned a pay bump and you’d like to have it in writing before 2025 arrives, there’s still time — but seeking a raise is something you have to get right the first time.
The numbers were roughly in line with expectations and continue to suggest that retirees are looking at a smaller raise to their Social Security benefits in 2025 compared to recent years.
The tight labor market will push 2023 salaries up by their highest percentage in 15 years, according to a new survey from advisory firm Willis Tower Watson, but the extra pay might not do much to...