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In this video tutorial, Andy from Saving to Invest discusses the 2023 federal pay raise for employees on the GS pay scale. The White House has recommended a base pay increase of 4.1 percent and a 0.5 percent increase in locality pay to account for cost of living differences. This results in an average GS pay raise of around 4.6 percent, although actual pay scales will vary across the 47 covered areas. The updated 2023 GS pay scale table is provided in the video for reference.
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