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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.

Seeking Accountability: Fallout from TSP Website Problems

FedSmith.com author Ralph R. SmithBy Ralph R. SmithSeptember 7, 2022 12:23 PM Categories Federal Employee Pay News Leave a comment

TSP website problems have led to an upcoming GAO investigation and a bill to create an Inspector General at the agency.

TSP Performance Continues to Suffer: One Core Fund Down 22% This Year

FedSmith.com author Ralph R. SmithBy Ralph R. SmithSeptember 1, 2022 8:15 AM Categories Federal Employee Pay News Leave a comment

August TSP fund performance reflects the abysmal performance of the stock market in 2022. Other than the G Fund, all TSP Funds went down in August.

Biden Issues Alternative Pay Letter for 2023 Federal Pay Raise: Average 4.6% Raise

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: September 1, 2022 7:57 AM Categories Federal Employee Pay News Leave a comment

President Biden has issued the letter outlining his alternative pay plan of a 4.6% average increase for the 2023 federal pay raise.

Lawmakers Want FEHB to Cover Infertility Treatment

FedSmith.com author Ian SmithBy Ian SmithAugust 30, 2022 2:56 PM Categories Federal Employee Pay News Leave a comment

A group of Democrats in the House and Senate want OPM to add coverage for infertility treatment to the FEHB.

All TSP Funds Still Down in 2022: One Fund Down 19.40%

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAugust 25, 2022 7:15 AM Categories Federal Employee Pay News Leave a comment

TSP stock funds are still down for the year with very slight gains for three funds in August.

What Went Wrong With the TSP Website Migration?

FedSmith.com author Ian SmithBy Ian SmithAugust 24, 2022 1:16 PM Categories Federal Employee Pay News Leave a comment

The latest monthly TSP meeting provided important updates on the problems that plagued the launch of the new TSP website.

Despite Rising 2022 Inflation, FY 2023 Per Diem Rates See Little Change

FedSmith.com author Ian SmithBy Ian SmithAugust 18, 2022 1:25 PM Categories Federal Employee Pay News Leave a comment

GSA has released the FY 2023 per diem rates.

Federal Salary Council Adopts “Pro-labor Recommendations” to Raise Pay for Upwards of 30,000 Federal Employees

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAugust 15, 2022 7:12 AM Categories Federal Employee Pay News Leave a comment

The Federal Salary Council is recommending changes to raise pay for “tens of thousands” of federal employees.

TSP Investments in China: No TSP for the CCP?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAugust 11, 2022 11:53 AM Categories Federal Employee Pay News Leave a comment

Chinese investments through the TSP mutual fund window are creating political controversy and national security concerns.

FSC Says Federal Employee Pay Disparity Now at 22.47%

FedSmith.com author Ian SmithBy Ian SmithAugust 9, 2022 4:06 PM Categories Federal Employee Pay News Leave a comment

The Federal Salary Council said that federal employees are underpaid by an average of over 20%. Does this mean you should expect a pay raise of this size?

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Daily TSP Performance

June 8, 2023

Fund Last % YTD
G Fund $17.5239 +0.01% +1.68%
F Fund $18.6424 +0.45% +2.39%
C Fund $66.3693 +0.63% +12.67%
S Fund $67.7368 -0.06% +10.09%
I Fund $37.5767 +0.88% +10.71%
L Income $23.8068 +0.19% +4.18%
L 2025 $12.0571 +0.27% +5.54%
L 2030 $42.1098 +0.41% +7.77%
L 2035 $12.5628 +0.45% +8.36%
L 2040 $47.2545 +0.48% +8.94%
L 2045 $12.8647 +0.51% +9.45%
L 2050 $28.0431 +0.54% +9.95%
L 2055 $13.6896 +0.62% +11.63%
L 2060 $13.6882 +0.62% +11.63%
L 2065 $13.6865 +0.62% +11.63%
Get detailed TSP data at TSPDataCenter.com

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