Bill > S2397

This bill, also known as the Federal Adjustment of Income Rates Act of 2014 or the FAIR Act, proposes to increase the basic pay rates for federal employees by 3.3 percent, effective at the beginning of the first pay period on or after January 1, 2015. This increase applies to employees under statutory pay systems, which are defined in section 5302 of title 5 of the U.S. Code and typically include the General Schedule (GS) pay system, as well as to prevailing rate employees. Prevailing rate employees, whose pay is determined by local wage surveys, will receive the same percentage increase as statutory pay system employees in their location. For prevailing rate employees in areas without comparable statutory pay system employees, their pay will be adjusted based on a designated "Rest of US" pay locality.