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Pay & Benefits

If it impacts pay and benefits for federal employees, you’ll find it here. Topics include TSP, FEHB, or pay raises for federal workers.

Biden Issues Alternative Pay Letter for 2022 Pay Raise

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAugust 27, 2021 4:33 PM Categories Pay & Benefits Leave a comment

President Biden has released an alternative pay plan for the 2022 pay raise for federal employees. Here are the details.

TSP High in Investor Satisfaction (Leading Fund Up 20% This Year)

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: August 25, 2021 9:14 AM Categories Pay & Benefits Leave a comment

One TSP fund is up more than 20% so far in 2021. Investor satisfaction with the TSP is high and one outside analyst offers a defense and praise of the TSP.

Do You Really Understand Your TSP Investments?

FedSmith.com author Dallen HawsBy Dallen HawsAugust 24, 2021 7:33 AM Categories Pay & Benefits Leave a comment

How well do you understand the fund options in the TSP? Here is a basic overview.

2022 Pay Raise: What Happens Next?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAugust 23, 2021 5:33 AM Categories Pay & Benefits Leave a comment

A significant step in the 2022 pay raise for federal employees is coming up by the end of August. Will it be 2.7% as widely predicted?

GSA Freezes 2022 Lodging Per Diem Rates Due to COVID

FedSmith.com author Ian SmithBy Ian SmithAugust 18, 2021 8:18 AM Categories Pay & Benefits Leave a comment
Bill folder on a restaurant table with the bill and money to pay the tab

The FY 2022 per diem rates have been released. While some have changed, the lodging rates are frozen as a result of the pandemic.

Common Mistakes on Agency Pension Estimates

FedSmith.com author Dallen HawsBy Dallen HawsAugust 17, 2021 1:18 PM Categories Pay & Benefits Leave a comment

Pension estimate forms are important for retirement planning, but it’s important to verify they do not contain any of these common mistakes.

FedSmith Readers Opposed to the Upcoming TSP Mutual Fund Window

FedSmith.com author Ian SmithBy Ian SmithAugust 17, 2021 8:14 AM Categories Pay & Benefits Leave a comment

A majority of our readers indicated they are not keen on the new TSP mutual fund window. Here are the results of our recent survey on the topic.

Federal Pay Raise 2013-2021: 13.1%. Actual Increase: 18.1% (DC Increase: 21%)

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAugust 16, 2021 6:31 AM Categories Pay & Benefits Leave a comment

Federal pay raises granted over 8 years totaled 13.1%, however, the actual average salary went up 18.6%. In DC, the average salary went up 21%.

How to Tackle Student Debt for Mid-Career Federal Employees

FedSmith.com author Greg KlinglerBy Greg KlinglerAugust 11, 2021 10:03 AM Categories Pay & Benefits Leave a comment

What are some ways that federal employees in the middle of their careers can address their student loan debts?

2022 COLA: Why Are FERS and CSRS Different?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAugust 9, 2021 6:27 AM Categories Pay & Benefits Leave a comment

The 2022 COLA will be significant but lower for FERS than for CSRS. Here are the differences and an explanation for the differences.

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Daily TSP Rates

May 20, 2022

Fund Last % YTD
G Fund $16.8715 +0.01% +0.81%
F Fund $19.0127 +0.34% -8.97%
C Fund $59.2382 +0.02% -17.66%
S Fund $63.2517 -0.12% -24.20%
I Fund $33.9360 +0.71% -13.96%
L Income $22.5130 +0.08% -4.14%
L 2025 $11.3194 +0.13% -7.58%
L 2030 $38.8666 +0.17% -10.80%
L 2035 $11.5596 +0.19% -11.91%
L 2040 $43.3398 +0.20% -12.97%
L 2045 $11.7701 +0.21% -13.91%
L 2050 $25.5858 +0.22% -14.78%
L 2055 $12.3294 +0.24% -17.16%
L 2060 $12.3286 +0.24% -17.16%
L 2065 $12.3276 +0.24% -17.17%
Get detailed TSP data at TSPDataCenter.com

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