Locality Pay for Federal Employees

Описание: Locality Pay is a significant bonus that most federal employees receive, but few understand how it works. For those that qualify, the lowest you will receive is 16.5%. The highest is a 44.15% bonus to your pay.

In this episode we…
• Define locality pay and explain why it is important.
• Provide examples of how federal employees are using it to their advantage.
• List the highest and lowest locality pay areas.

Welcome to Financial Planning 4 Feds. We are dedicated to educating federal employees on how to maximize the value from their government benefits by developing and executing a financial plan.

0:00 Intro
1:21 Defining Locality Pay
3:11 How to Take Advantage of this Benefit
6:34 5 Highest and Lowest Locality Pay Areas

Federal employees and their spouses are invited to complimentary educational workshops covering their federal benefits. For details, visit: https://fedimpact.com/VWP

Resources for this Video:
OPM Website – Pay & Leave Page: https://www.opm.gov/policy-data-overs...

FederalPay.org Locality Pay Map: https://www.federalpay.org/gs/locality

US Bureau of Labor and Statistics Annual National Compensation Survey: https://www.bls.gov/eci/home.htm

OPM Website – Locality Pay for Non-GS Employees: https://www.opm.gov/policy-data-overs...

OPM Website – Locality Pay Tables: https://www.opm.gov/policy-data-overs...

Federal Benefit Resources:
https://www.opm.gov/
https://www.tsp.gov/
https://www.myfederalretirement.com/c...
https://www.myfederalretirement.com/
https://www.fedsmith.com/

Would you like to know more?
https://www.valorwealthpartners.com/
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