The main purpose of this legislation, known as the Federal Adjustment of Income Rates Act or the FAIR Act, is to increase the pay rates for federal employees. Specifically, it aims to raise the pay for those under the statutory pay systems and for prevailing rate employees by 4.1 percent for the year 2027. Key provisions of the FAIR Act include a 3.1 percent increase in basic pay for federal employees under the statutory pay systems, which are defined by existing law.