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Pay & Benefits

Get the latest federal employee pay news, including updates on federal pay raises, GS pay scale changes, locality pay, and federal compensation policy. Stay informed on TSP news, TSP fund performance, contribution limits, and investment updates. This category also covers FEHB premiums, FEGLI rates, FEDVIP dental and vision benefits, and major OPM policy changes, federal workforce legislation, and other developments that impact federal employee pay, benefits, and take‑home compensation.

A Tax Deduction and a Tax Credit for a Thrift Savings Plan Contribution?

FedSmith.com author Francis Xavier (FX) BergmeisterBy Francis Xavier (FX) BergmeisterFeb 18, 2025 8:45 AM | Updated: Feb 20, 2025 2:06 PM Categories Pay & Benefits Leave a comment

Some federal employees can earn a tax credit on TSP contributions using the Saver’s Tax Credit.

Are You “Swimming Naked?” What Buyouts Reveal About Financial Security for Federal Employees

FedSmith.com author Anthony BucciBy Anthony BucciFeb 7, 2025 1:35 PM Categories Pay & Benefits Leave a comment

Prepare for financial uncertainties by upgrading your emergency fund and understanding your expenses to ensure security amidst job loss or federal buyouts.

Is the C Fund the Best TSP Fund?

FedSmith.com author Dallen HawsBy Dallen HawsFeb 4, 2025 9:15 AM Categories Pay & Benefits Leave a comment

Is investing in the C Fund the best option for federal employees?

TSP Performance: 2025 Off to Good Start

FedSmith.com author Ralph R. SmithBy Ralph R. SmithFeb 2, 2025 8:08 AM Categories Pay & Benefits Leave a comment

TSP performance to start 2025 is off and running. How has the TSP performed over the last 12 months and how are federal employees reacting to the bull market?

What is Locality Pay, How Does it Work, and What is its Impact on Your 2025 Salary?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJan 31, 2025 7:40 AM Categories Pay & Benefits Leave a comment

Locality pay is a significant benefit for federal employees. Where do employees have the highest and lowest pay raises in 2025?

Can Children Keep Money in the TSP? How Does Thrift Savings Plan Pay Beneficiaries?

FedSmith.com author David FeiBy David FeiJan 24, 2025 9:25 AM Categories Pay & Benefits Leave a comment

These are the types of beneficiaries in the TSP and how the beneficiary process works for them.

OPM Issues Final Rule Giving Some FWS Federal Employees a Pay Raise

FedSmith.com author Ian SmithBy Ian SmithJan 20, 2025 8:25 AM Categories Pay & Benefits Leave a comment

OPM has issued a final rule that will impact the salaries of about 17,000 Federal Wage System federal employees.

A New 2025 TSP Asset Allocation Quilt Chart

FedSmith.com author Francis Xavier (FX) BergmeisterBy Francis Xavier (FX) BergmeisterJan 17, 2025 9:01 AM | Updated: Jun 11, 2025 4:39 PM Categories Pay & Benefits Leave a comment

This colorful chart can help federal employees understand the performance of the TSP funds over time.

Bill Proposes 4.3% 2026 Federal Pay Raise

FedSmith.com author Ian SmithBy Ian SmithJan 16, 2025 3:31 PM | Updated: Jan 18, 2025 10:22 AM Categories Pay & Benefits Leave a comment

Legislation has been introduced to give federal employees a 4.3% pay raise in 2026.

Number of TSP Millionaires Hits Another Record High in 2024

FedSmith.com author Ian SmithBy Ian SmithJan 15, 2025 11:41 AM | Updated: Jan 17, 2025 8:23 AM Categories Pay & Benefits Leave a comment

There is a new record number of TSP millionaires thanks to recent strong stock market performance.

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Daily TSP Performance

May 4, 2026

Fund Last % YTD
G Fund $19.8731 +0.04% +1.46%
F Fund $20.8728 -0.32% -0.04%
C Fund $115.6318 -0.40% +5.59%
S Fund $109.1196 -0.34% +8.68%
I Fund $61.3781 -0.28% +10.61%
L Income $30.1723 -0.09% +3.18%
L 2030 $60.9371 -0.20% +4.89%
L 2035 $18.6651 -0.24% +5.58%
L 2040 $71.8065 -0.27% +5.93%
L 2045 $19.9260 -0.29% +6.24%
L 2050 $44.2732 -0.31% +6.55%
L 2055 $23.0836 -0.35% +7.72%
L 2060 $23.0808 -0.35% +7.72%
L 2065 $23.0779 -0.35% +7.72%
L 2070 $13.6778 -0.35% +7.72%
L 2075 $11.9476 -0.35% +7.72%
Get detailed TSP data at TSPDataCenter.com

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