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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.

Cato’s Recommendations to DOGE for Slashing Federal Employee Pay, Benefits

FedSmith.com author Ian SmithBy Ian SmithDec 20, 2024 11:15 AM Categories Pay & Benefits Leave a comment
Word 'cost' cut in half with scissors lying next to it as a group of businessmen stand looking at it

The Cato Institute has recommended that DOGE consider various cuts to the federal workforce.

Biden Gives Most Federal Employees an Extra Holiday with Christmas Eve Off of Work

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDec 19, 2024 2:55 PM | Updated: Dec 4, 2025 3:29 PM Categories Pay & Benefits Leave a comment
Words 'Merry Christmas and Happy New Year' written on a blue background surrounded by poinsettias and Christmas ornaments

President Biden has issued an Executive Order giving federal employees an extra holiday on Christmas Eve, December 24, 2024.

How Pay and Benefits for Federal Employees Work in a Government Shutdown

FedSmith.com author Ian SmithBy Ian SmithDec 19, 2024 2:04 PM | Updated: Dec 21, 2024 12:48 PM Categories Pay & Benefits Leave a comment
Red sign with white letters hanging in a window that reads 'shut down' with a picture of the Washington, DC capitol building visible on the other side of the window

How are federal employees’ pay and benefits handled in the event of a government shutdown?

TSP Returns Down in December as Fund Returns Reflect Economic Changes

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDec 19, 2024 11:26 AM Categories Pay & Benefits Leave a comment
Silhouettes of a bull and a bear superimposed over stock charts depicting uncertainty of a bull or bear stock market returns

Economic changes can remain outside of headlines until there is a dramatic change. A significant drop in stock prices impacted TSP returns so far in December. Here is an update.

FEGLI Option C: Life Insurance for Eligible Family Members

FedSmith.com author David FeiBy David FeiDec 19, 2024 8:35 AM Categories Pay & Benefits Leave a comment
Words 'life insurance' printed at the top of a sheet of paper on a clipboard with a pen sitting on top of it; clipboard is lying on a desk next to a book and stack of cash

How does FEGLI Option C work and who is eligible for coverage?

Lawmakers Urge Biden to More Than Double 2025 Federal Pay Raise

FedSmith.com author Ian SmithBy Ian SmithDec 16, 2024 7:35 AM | Updated: Dec 22, 2024 7:11 PM Categories Pay & Benefits Leave a comment
Businessman using his hands to balance a scale with a bag of money on each side

A group of lawmakers is urging President Biden to significantly increase the 2025 federal pay raise.

Locality Pay Areas in 2025

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDec 13, 2024 7:20 AM | Updated: Dec 16, 2025 6:50 AM Categories Pay & Benefits Leave a comment
3D dollar sign on a road leading to a city in the distance

The latest President’s Pay Agent report contains important information about what federal employees can expect with regards to 2025 locality pay.

DOGE Acts Introduced Targeting Federal Employees

FedSmith.com author Ian SmithBy Ian SmithDec 12, 2024 8:30 AM Categories Pay & Benefits Leave a comment
Scissors cutting two $100 bills in half against a solid white background

The DOGE Acts have been formally introduced and would directly impact federal employees.

TSP Releases 2024 Year-End Processing Schedule

FedSmith.com author Ian SmithBy Ian SmithDec 2, 2024 5:20 PM Categories Pay & Benefits Leave a comment

The TSP has released its processing schedule for the end of 2024.

Merry Christmas! TSP Returns Setting Records

FedSmith.com author Ralph R. SmithBy Ralph R. SmithNov 30, 2024 11:44 AM Categories Pay & Benefits Leave a comment
Stock market prices in the background with a green arrow heading in an upward direction overlaid on top

TSP returns are setting new records with the latest TSP performance data for November.

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Daily TSP Performance

April 9, 2026

Fund Last % YTD
G Fund $19.8131 +0.01% +1.15%
F Fund $20.9877 0.00% +0.51%
C Fund $109.5445 +0.62% +0.03%
S Fund $103.5194 +0.06% +3.10%
I Fund $60.0347 -0.28% +8.19%
L Income $29.7621 +0.07% +1.77%
L 2030 $59.4495 +0.14% +2.33%
L 2035 $18.1351 +0.16% +2.58%
L 2040 $69.6100 +0.17% +2.69%
L 2045 $19.2789 +0.18% +2.79%
L 2050 $42.7502 +0.19% +2.88%
L 2055 $22.1265 +0.23% +3.25%
L 2060 $22.1239 +0.23% +3.25%
L 2065 $22.1212 +0.23% +3.25%
L 2070 $13.1109 +0.23% +3.25%
L 2075 $11.4524 +0.23% +3.25%
Get detailed TSP data at TSPDataCenter.com

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