C, S and I Funds Drive TSP Performance Over 12 Months and 2023 YTD
After disappointing 2022 returns, federal employees are now enjoying strong TSP performance in 2023 and over the past 12 months. Here are the biggest winners.
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
After disappointing 2022 returns, federal employees are now enjoying strong TSP performance in 2023 and over the past 12 months. Here are the biggest winners.
Two new bills would ban the TSP from offering federal employees the option to invest in ESG funds.
OPM has issued a proposed rule to add about 33,000 federal employees into locality pay areas or creating new areas.
Bills would prohibit BlackRock and other qualified professional asset managers from exercising voting rights of TSP securities.
While the full fall-out of the problematic TSP website launch has not yet come to fruition, the June 2023 TSP meeting highlighted positive developments.
There is an extra pay period in 2023 which means federal employees should pay close attention to their “use or lose” annual leave.
The author says that with a possible crackdown coming on tax delinquent federal employees, it is in their best interest to always file their tax returns.
The 2024 Republican Study Committee (RSC) budget blueprint proposes substantial cuts to federal employees’ pay and benefits.
The Salary Council is pushing to add thousands of federal employees into the 2024 GS locality pay system.
BlackRock manages a large part of assets in the TSP. It also is a company known for its role in pursuing an ESG political agenda.