These areas will be added to existing localities:
Selected as Research Areas:
It is interesting to note that both the Reno, NV and Rochester, NY locations were approved for a designated locality rate and to be analyzed as a research area.
—-
Until Next Time,
The information has been obtained from sources considered reliable but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Serving Those Who Serve writers and not necessarily those of RJFS or Raymond James. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy suggested. Every investor’s situation is unique and you should consider your investment goals, risk tolerance, and time horizon before making any investment or financial decision. Prior to making an investment decision, please consult with your financial advisor about your individual situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional. **
Along with adding four new localities and adjusting another four, the Pay Agent approved ten potential new localities as “research areas” to be investigated for possible designation. The removal of the minimum requirement currently restricting some areas from being considered for designation as a locality was also approved. Under the existing rules, 2500 active General Schedule employees have to be working in a given area before it is able to receive a locality boost for federal salaries. All of the changes are expected to go into effect in 2024 as OPM will need to issue regulations before implementation.
The following areas will be designated as new localities:
These areas will be added to existing localities:
Selected as Research Areas:
It is interesting to note that both the Reno, NV and Rochester, NY locations were approved for a designated locality rate and to be analyzed as a research area.
—-
Until Next Time,
The information has been obtained from sources considered reliable but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Serving Those Who Serve writers and not necessarily those of RJFS or Raymond James. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy suggested. Every investor’s situation is unique and you should consider your investment goals, risk tolerance, and time horizon before making any investment or financial decision. Prior to making an investment decision, please consult with your financial advisor about your individual situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional. **
The President’s Pay Agent approved recommendations to adjust a few current localities, add 4 new ones, and research another 10 for possible designation or expansion.
Ahead of Biden approving the 4.6% average federal pay raise on December 28th, the White House’s pay agent approved several recommendations made last August by the Federal Salary Council. The Pay Agent is comprised of three agency leaders: OPM Director Kiran Ahuja, OMB Director Shalanda Young, and Labor Secretary Martin Walsh.
Along with adding four new localities and adjusting another four, the Pay Agent approved ten potential new localities as “research areas” to be investigated for possible designation. The removal of the minimum requirement currently restricting some areas from being considered for designation as a locality was also approved. Under the existing rules, 2500 active General Schedule employees have to be working in a given area before it is able to receive a locality boost for federal salaries. All of the changes are expected to go into effect in 2024 as OPM will need to issue regulations before implementation.
The following areas will be designated as new localities:
These areas will be added to existing localities:
Selected as Research Areas:
It is interesting to note that both the Reno, NV and Rochester, NY locations were approved for a designated locality rate and to be analyzed as a research area.
—-
Until Next Time,
The information has been obtained from sources considered reliable but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Serving Those Who Serve writers and not necessarily those of RJFS or Raymond James. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy suggested. Every investor’s situation is unique and you should consider your investment goals, risk tolerance, and time horizon before making any investment or financial decision. Prior to making an investment decision, please consult with your financial advisor about your individual situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional. **
The President’s Pay Agent approved recommendations to adjust a few current localities, add 4 new ones, and research another 10 for possible designation or expansion.
Ahead of Biden approving the 4.6% average federal pay raise on December 28th, the White House’s pay agent approved several recommendations made last August by the Federal Salary Council. The Pay Agent is comprised of three agency leaders: OPM Director Kiran Ahuja, OMB Director Shalanda Young, and Labor Secretary Martin Walsh.
Along with adding four new localities and adjusting another four, the Pay Agent approved ten potential new localities as “research areas” to be investigated for possible designation. The removal of the minimum requirement currently restricting some areas from being considered for designation as a locality was also approved. Under the existing rules, 2500 active General Schedule employees have to be working in a given area before it is able to receive a locality boost for federal salaries. All of the changes are expected to go into effect in 2024 as OPM will need to issue regulations before implementation.
The following areas will be designated as new localities:
These areas will be added to existing localities:
Selected as Research Areas:
It is interesting to note that both the Reno, NV and Rochester, NY locations were approved for a designated locality rate and to be analyzed as a research area.
—-
Until Next Time,
The information has been obtained from sources considered reliable but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Serving Those Who Serve writers and not necessarily those of RJFS or Raymond James. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy suggested. Every investor’s situation is unique and you should consider your investment goals, risk tolerance, and time horizon before making any investment or financial decision. Prior to making an investment decision, please consult with your financial advisor about your individual situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional. **
The President’s Pay Agent approved recommendations to adjust a few current localities, add 4 new ones, and research another 10 for possible designation or expansion.
Ahead of Biden approving the 4.6% average federal pay raise on December 28th, the White House’s pay agent approved several recommendations made last August by the Federal Salary Council. The Pay Agent is comprised of three agency leaders: OPM Director Kiran Ahuja, OMB Director Shalanda Young, and Labor Secretary Martin Walsh.
Along with adding four new localities and adjusting another four, the Pay Agent approved ten potential new localities as “research areas” to be investigated for possible designation. The removal of the minimum requirement currently restricting some areas from being considered for designation as a locality was also approved. Under the existing rules, 2500 active General Schedule employees have to be working in a given area before it is able to receive a locality boost for federal salaries. All of the changes are expected to go into effect in 2024 as OPM will need to issue regulations before implementation.
The following areas will be designated as new localities:
These areas will be added to existing localities:
Selected as Research Areas:
It is interesting to note that both the Reno, NV and Rochester, NY locations were approved for a designated locality rate and to be analyzed as a research area.
—-
Until Next Time,
The information has been obtained from sources considered reliable but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Serving Those Who Serve writers and not necessarily those of RJFS or Raymond James. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy suggested. Every investor’s situation is unique and you should consider your investment goals, risk tolerance, and time horizon before making any investment or financial decision. Prior to making an investment decision, please consult with your financial advisor about your individual situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional. **
The FedLife Podcast is your in-depth, biweekly deep dive into the world of federal benefits and retirement planning. Hosted by federal benefits expert Ed Zurndorfer and Dan Sipe of Serving Those Who Serve, each 30-minute episode unpacks the complexities of FERS and CSRS retirement, FEHB and Medicare, survivor benefits, tax planning, and more. Designed for federal employees and retirees who want more than just the basics, FedLife goes beyond the headlines to explore the rules, nuances, and strategies that can make a meaningful difference in your retirement. Remember: it’s your Fed life, make it a great one.
The Fed15 Podcast is your weekly 15(ish)-minute briefing on federal benefits and financial planning, built specifically for federal employees and retirees. Hosted by Dan Sipe and Katelyn Murray of Serving Those Who Serve, each episode delivers clear, actionable guidance on topics like FERS and CSRS retirement, TSP strategies, FEHB, survivor benefits, tax planning, and more! Whether you’re five years from retirement or already there, The Fed15 helps you cut through the noise, avoid costly mistakes, and make confident decisions about your federal benefits.
