Opm 2024 Salary Cap. 5547 (b) and 5 cfr 550.106 and 5 cfr 550.107, the head of an agency may apply an annual pay cap to certain types of premium pay for any pay period for (1) employees. Note that the 2023 federal pay raise includes an average 0.5% locality pay.

Click here to use the 2024 gs calculator. The 2024 federal employee pay raise will result in increasing the pay caps that apply to senior positions and to many in the upper ranks of the gs.