Nyc Locality Pay 2024. Incorporating the 4.7% general schedule increase and a locality payment of 37.24%. New york has one or more locality pay adjustment areas with special locality pay adjustment rates.
On november 16, 2023, opm issued final regulations on behalf of the president’s pay agent making changes to the definitions of the geographic boundaries of general schedule locality pay areas. Locality pay is based on costs of labor and supplements employees’ base salaries to provide locally competitive salaries.