Gs Pay Period Calendar 2024: Everything You Need To Know

As 2023 comes to an end, many federal employees are looking forward to the new year and wondering about the GS pay period calendar for 2024. In this article, we’ll cover everything you need to know about the pay period calendar, including important dates, how to calculate your pay, and more.

What is the GS Pay Period Calendar?

The GS pay period calendar is a schedule that shows when federal employees will be paid throughout the year. It’s important to know the pay periods and dates so you can plan your budget and expenses accordingly.

When Does the 2024 GS Pay Period Calendar Start?

The 2024 GS pay period calendar starts on January 5th, 2024. This is the first pay period of the year, and it runs through January 18th, 2024. After that, pay periods will continue every two weeks throughout the year.

How Do I Calculate My Pay?

Calculating your pay can be a bit confusing, but it’s important to know how to do it so you can ensure that you’re being paid correctly. The GS pay system uses a base pay rate and a locality pay rate to determine your total pay.

Your base pay rate is determined by your pay grade and step, which are based on your job classification and experience. Your locality pay rate is based on where you work, and it’s designed to account for differences in the cost of living between different areas.

To calculate your pay, you’ll need to know your base pay rate, your locality pay rate, and any additional pay or benefits you may be eligible for. You can use the Office of Personnel Management’s (OPM) pay calculator to help you figure out your pay.

Important Dates to Remember

There are several important dates to remember when it comes to the GS pay period calendar. Here are a few key dates to keep in mind:

• January 5th, 2024: First pay period of the year
• January 18th, 2024: End of first pay period
• February 1st, 2024: Payday for first pay period
• December 21st, 2024: End of last pay period of the year
• January 3rd, 2025: Payday for last pay period of the year

FAQs

What Happens if I Don’t Get Paid on Time?

If you don’t receive your pay on time, it’s important to contact your human resources department right away. They can help you figure out what went wrong and work to get your pay to you as soon as possible.

What if I Have Questions About My Pay?

If you have questions about your pay, you can contact your human resources department or the OPM. They can help you understand your paystub, calculate your pay, and answer any other questions you may have.

Can I Change My Pay Schedule?

In most cases, federal employees cannot change their pay schedule. However, if you have extenuating circumstances, you may be able to work with your human resources department to make changes to your pay schedule.

Conclusion

The GS pay period calendar for 2024 is an important schedule for all federal employees to understand. By knowing the important dates, how to calculate your pay, and what to do if you have questions or issues, you can ensure that you’re being paid correctly and on time throughout the year.