FAIR Act

This bill adjusts federal employee pay rates for 2024. It increases basic pay for all federal workers under statutory pay systems and prevailing rate systems by 4.7%, and raises locality pay adjustments by 4.0%. These changes directly affect all federal employees covered by the specified pay systems, including those in wage areas and under sections 5348/5349 of Title 5. The bill implements these raises without altering existing pay system structures or requirements.