H.R. 493, also known as the “Federal Adjustment of Income Rates Act” or the “FAIR Act,” proposes to increase the pay rates for federal employees. Specifically, it suggests a 3.3% raise in the basic pay rates for employees under the statutory pay systems and prevailing rate...
Simple Explanation
The FAIR Act is a plan to give workers who get paid by the government a small raise, about 3.3% more than before, plus a bit more depending on where they work, to make sure they get paid fairly for the year 2026.