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Federal Employee Pay News

Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Topics include TSP, FEHB, or 2023 federal pay raise, 2023 GS locality pay, 2023 GS pay scale, OPM and GS pay news.

8 Things the TSP Still Did Not Fix: FRTIB Weighs In

By Kim WeaverMarch 15, 2023 1:45 PM Categories Federal Employee Pay News Leave a comment

The FRTIB takes issue with one author’s opinion of problems with the TSP.

The Truth About TSP Fund Fees

FedSmith.com author Dallen HawsBy Dallen HawsMarch 10, 2023 9:54 AM Categories Federal Employee Pay News Leave a comment

This is an overview of the fees on the TSP Funds.

Biden Proposes 5.2% 2024 Federal Pay Raise

FedSmith.com author Ian SmithBy Ian SmithMarch 9, 2023 12:56 PM Categories Federal Employee Pay News Leave a comment
Spread of $100 bills pictured on a light blue background

The White House has announced its desired amount for the 2024 federal pay raise in the president’s budget for FY 2024.

White Proposes 2024 Federal Pay Raise This Week

FedSmith.com author Ian SmithBy Ian SmithUpdated: March 9, 2023 1:05 PM Categories Federal Employee Pay News Leave a comment
Close up of the face of Benjamin Franklin on the $100 bill

The White House proposed its desired amount for the 2024 federal pay raise this week.

Waiting for Resolution of TSP Website Problems? GAO Issues Interim Statement

FedSmith.com author Ralph R. SmithBy Ralph R. SmithMarch 8, 2023 10:19 AM Categories Federal Employee Pay News Leave a comment

In August 2022, GAO accepted a request to investigate TSP website problems. An interim GAO statement cites problems and an estimated date for a final report.

8 Things the TSP Still Did Not Fix

By Mel StubbsMarch 8, 2023 8:49 AM Categories Federal Employee Pay News Leave a comment

The author lists some remaining problems he sees with the TSP after the program’s recent changes.

ESG Funds, Politics, and Investing TSP’s $759 Billion in Assets

FedSmith.com author Ralph R. SmithBy Ralph R. SmithMarch 7, 2023 7:27 AM Categories Federal Employee Pay News Leave a comment
Group of large dollar signs made out of leaves in a lush, green farm field depicting eco-friendly business practices

An ESG bill introduced by a California Congressman would place the TSP (and its $760 billion of assets) in a political controversy on investing in ESG funds.

Federal Pay Increases by Race: White Employees Lowest and Shrinking Percentage of Federal Workforce

FedSmith.com author Ralph R. SmithBy Ralph R. SmithMarch 3, 2023 10:15 AM Categories Federal Employee Pay News Leave a comment

An analysis of recent data suggests the Biden administration’s focus on racial equity may be working to reduce federal pay raises for White employees.

TSP Performance Disappoints in February: Year-to-Date Returns Still Positive

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: March 2, 2023 9:38 AM Categories Federal Employee Pay News Leave a comment

TSP performance is down in February 2023 but still up for the year-to-date. One TSP management advisor sees a “growth recession” ahead.

TSP Website: Status on Improving Performance and Investor Satisfaction

FedSmith.com author Ralph R. SmithBy Ralph R. SmithFebruary 28, 2023 2:44 PM Categories Federal Employee Pay News Leave a comment

Readers have reported unhappy experiences with the new TSP website. Here is a summary of improvements that are on-going and planned for the near future.

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Daily TSP Performance

March 20, 2023

Fund Last % YTD
G Fund $17.3808 +0.03% +0.84%
F Fund $18.6769 -0.48% +2.58%
C Fund $60.8596 +0.89% +3.32%
S Fund $62.3656 +0.93% +1.36%
I Fund $35.1497 +1.25% +3.56%
L Income $23.2062 +0.25% +1.56%
L 2025 $11.6407 +0.38% +1.90%
L 2030 $40.0180 +0.59% +2.41%
L 2035 $11.8905 +0.65% +2.56%
L 2040 $44.5436 +0.70% +2.69%
L 2045 $12.0844 +0.75% +2.81%
L 2050 $26.2495 +0.80% +2.92%
L 2055 $12.6524 +1.01% +3.17%
L 2060 $12.6512 +1.01% +3.18%
L 2065 $12.6497 +1.01% +3.18%
Get detailed TSP data at TSPDataCenter.com

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