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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.

2023 Federal Pay Raise and 2023 GS Pay Scale Finalized

FedSmith.com author Ian SmithBy Ian SmithDecember 23, 2022 2:49 PM Categories Federal Employee Pay News Leave a comment
Image of road sign with words 'pay raise just ahead'

President Biden has issued an Executive Order finalizing the 2023 federal pay raise as well as the 2023 GS pay scale tables.

2023 GS Locality Pay Tables Published: Here are Localities with Highest and Lowest Pay Increases

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 23, 2022 2:47 PM Categories Federal Employee Pay News Leave a comment
Illustration of bags and piles of money growing in size from left to right with a rising trend line arrow above them depicting growing savings/wealth for retirement

Here are the 2023 GS locality pay areas with the highest and lowest total pay increases for 2023.

GS Locality Pay and Cost of Living

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 22, 2022 12:21 PM Categories Q&A, Federal Employee Pay News Leave a comment

Why is my city not included in a GS locality pay area? The cost of living is very high and this seems unfair.

Are Federal Contractors Included in the 2023 Federal Pay Raise?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 21, 2022 1:18 PM Categories Q&A, Federal Employee Pay News Leave a comment
Piggy bank on a wooden surface with a white question mark leaning up against it depicting money questions, possibility of a pay raise

Are federal contractors included in the 2023 federal pay raise?

2023 Federal Pay Raise: Does Omnibus Spending Bill Provide a Bigger Raise?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 21, 2022 11:33 AM Categories Federal Employee Pay News Leave a comment
Scattered pile of $100 bills

Will Congress provide an additional amount for a 2023 federal pay raise? At this point, that is highly unlikely.

2022 TSP Performance So Far: Bad News for Stock Funds

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 21, 2022 8:36 AM Categories Federal Employee Pay News Leave a comment

TSP performance in 2022 has been dismal going down to the last few days of December.

What Are “Special Rates” for Federal Employees? Will They Receive 4.1% Pay Raise?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 20, 2022 12:46 PM Categories Federal Employee Pay News Leave a comment
Spread of four $100 bills with a question mark pictured overlaid on top of them expressing doubt or uncertainty about a pay raise

What are special rates for federal employees and how are they related to the GS locality pay rates? Does the 2023 federal pay raise apply to the special rates?

President’s Pay Agent Issues GS Locality Pay Decisions for 2023—and Beyond

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 19, 2022 2:35 PM Categories Federal Employee Pay News Leave a comment

The President’s Pay Agent has issued a report for 2023 GS locality pay and approved recommendations for 2024 GS locality pay that will add about 32,000 more to the locality pay system.

Where Can I Find Income If I’m Disabled?

By Leah Bachmeyer-KilleDecember 16, 2022 9:32 AM Categories Federal Employee Pay News Leave a comment

These are income options for federal employees who are unable to work due to disability.

Seeking Higher Salary of GS Locality Pay? Here is Status of Requests to be Added

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 19, 2022 1:50 PM Categories Federal Employee Pay News Leave a comment
Series of red blocks of varying sizes each containing a white percent sign set against a white background

How does an area become part of a GS locality pay area? Which regions have requested to be added to GS locality pay areas and what is their status?

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Daily TSP Performance

September 26, 2023

Fund Last % YTD
G Fund $17.7407 +0.01% +2.93%
F Fund $18.0485 -0.10% -0.87%
C Fund $66.3528 -1.47% +12.65%
S Fund $65.8287 -1.29% +6.99%
I Fund $36.1784 -1.15% +6.59%
L Income $23.8767 -0.33% +4.49%
L 2025 $12.0562 -0.48% +5.54%
L 2030 $41.7998 -0.80% +6.97%
L 2035 $12.4434 -0.88% +7.33%
L 2040 $46.7150 -0.96% +7.70%
L 2045 $12.6951 -1.03% +8.01%
L 2050 $27.6321 -1.10% +8.34%
L 2055 $13.4589 -1.32% +9.75%
L 2060 $13.4570 -1.32% +9.75%
L 2065 $13.4549 -1.32% +9.74%
Get detailed TSP data at TSPDataCenter.com

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