OPM Pay Dates 2024 – Payment Schedule, Key Change and Eligibility!

The pay dates for the year 2024 as provided by the Office of Personnel Management (OPM) can be found on their official website. Pay periods for the first quarter end on March 31, followed by subsequent quarters ending on June 30, September 30, and December 31, 2024. Please refer to the OPM website for detailed information regarding pay dates in 2024.

OPM Pay Dates 2024

OPM General Schedule (GS) employees adhere to a bi-weekly pay schedule, receiving payslips every two weeks. In 2024, there will be a total of 26 pay periods, each with specific end dates and corresponding deposit dates.

Pay Period End Dates: These occur every two weeks on Wednesdays, with some exceptions on federal holidays.

Deposit Dates: Paychecks are typically electronically deposited two business days after the pay period ends. For example, if the pay period ends on a Wednesday, the deposit is usually made on the following Friday.

OPM Payment Schedule 2024

The following table showcases the initial and final pay periods of each month, along with their respective end dates and estimated deposit dates (please note that actual deposit dates may vary due to holidays).

MonthFirst Pay Period End DateLast Pay Period End DateEstimated Deposit Dates (First/Last)
JanuaryJan 10Jan 31Jan 12/Feb 2
FebruaryFeb 7Feb 28Feb 9/Mar 1
MarchMar 8Mar 29Mar 8/Mar 29
AprilApr 5Apr 26Apr 5/Apr 26
MayMay 3May 24May 3/May 24
JuneJun 7Jun 28Jun 7/Jun 28
JulyJul 5Jul 26Jul 5/Jul 26
AugustAug 2Aug 23Aug 2/Aug 23
SeptemberSep 6Sep 27Sep 6/Sep 27
OctoberOct 3Oct 24Oct 3/Oct 24
NovemberNov 7Nov 28Nov 9/Nov 28
DecemberDec 5Dec 26Dec 6/Dec 27

OPM Pay Dates 2024

Key Changes to OPM Pay Dates in 2024

In 2024, there are some significant changes to the OPM pay dates that will benefit federal employees. They will receive an average pay raise of 5.2%, which will take effect in the first full pay period of January 2024. Here are the key details:

1. No Columbus Day Observance:

Unlike in 2023, the 2024 pay schedule will not be affected by Columbus Day (October 14th). This means there won’t be any adjustments to pay periods or deposit dates due to this federal holiday.

2. Election Day:

In 2024, Election Day (November 5th) falls on a Tuesday and is not considered a designated federal holiday. Therefore, most federal employees will maintain their regular pay schedule. However, individual agencies may have their own policies regarding Election Day leave or potential schedule adjustments.

3. Combined Federal Campaign (CFC) Enrollment:

For those interested in participating in the Combined Federal Campaign, the deadline to sign up and choose charities for payroll deductions is January 15th, 2024. Deductions will begin with the first pay period after January 15th (PP 2024-04) and continue until the pay period including January 15th of the following year (PP 2025-03).

4. Leave Year Change:

The leave year for 2023 will end on January 13th, 2024 (PP 2024-02). The new leave year for 2024 will start on January 14th, 2024 (PP 2024-03) and end on January 11th, 2025 (PP 2025-02). Employees in the six-hour leave category will receive their extra four hours in the last full pay period of each leave year (PP 2024-01 and PP 2025-01).

These changes aim to improve the pay schedule and provide clarity for federal employees.

Eligibility for OPM Salary Payments in 2024

To be eligible for salary payments through the Office of Personnel Management (OPM) in 2024, you must meet the following general criteria:

Employment Status:

– You must be a civilian employee of the federal government.

– This includes employees under the General Schedule (GS) pay system, the Federal Wage System (FWS), and other pay systems covered by OPM regulations.

Active Employment:

– You must be in an active pay status during the relevant pay period.

– This means that you should not be on leave without pay (LWOP), separated from service before the end of the pay period, or retired before the end of the pay period.

Agency-specific policies:

– Individual agencies may have specific policies or requirements for employee eligibility for salary payments.

Special pay considerations:

– Certain circumstances, such as workers’ compensation or severance pay, may have different eligibility criteria not covered here.

Please note that these guidelines are aimed at enhancing the clarity and readability of the information while preserving the original meaning.

Tips for OPM Pay in 2024

To navigate your OPM pay in 2024, it’s crucial to understand eligibility. But beyond that, here are some additional tips to help you manage your finances effectively:

1. Opt for direct deposit: By choosing direct deposit, you can ensure the secure and timely delivery of your paycheck electronically.

2. Plan your budget wisely: Utilize your pay schedule and estimated salary figures to create a realistic budget that allows you to effectively manage your finances.

3. Explore available benefits and resources: Take the time to familiarize yourself with the various federal employee benefits, including health insurance, retirement savings plans, and financial counseling resources.

4. Pay attention to your pay stubs: Regularly review your pay stubs to ensure accuracy and gain a clear understanding of any deductions or adjustments applied.

By following these strategies, you can optimize your financial management and make the most of your OPM pay in 2024.

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