2024 Cost Of Living Increase For Employees 2024. Employers plan to offer an average salary increase of 4% for 2024, according to a new survey from wtw, which advises companies on compensation issues. For the year 2024, annuitants who retired under csrs will receive 3.2 percent increase and those who retired under fers will receive a 2.2 percent increase.

For the year 2024, annuitants who retired under csrs will receive 3.2 percent increase and those who retired under fers will receive a 2.2 percent increase. A couple of factors are contributing to employers’ pay raise strategies for 2024: