Locality pay areas give some federal employees an option to greatly increase their disposable income. Here is the complete list of 2022 pay raises by locality.
Which locality pay areas received the highest—and lowest—pay raise in 2022? Here is the list.
President Biden has issued an Executive Order implementing an average federal employee pay raise of 2.7% effective January 1, 2022.
The President’s Pay Agent has issued its annual report on locality pay and adds one county in Illinois into the locality pay system.
One TSP Fund has provided a return of 25.99% so far in 2021. This fund is up 2.29% so far in December. One core TSP Fund has a negative return in 2021.
An IRS employee went to court arguing against mandatory covid vaccination. The Court left open another opportunity for a future case.
Inflation is soaring. The 2022 COLA will be 5.9%. Inflation is now at 7.6% over 12 months per the CPI-W and the 2022 federal pay raise is projected at 2.7%.
November TSP returns were down. Two TSP Funds were up for the month. One TSP Fund is still up almost 28% for the year.