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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.

2023 Federal Pay Raise Takes Another Small Step Forward

FedSmith.com author Ian SmithBy Ian SmithJuly 18, 2022 11:41 AM Categories Federal Employee Pay News Leave a comment

A key spending bill makes another case for a 4.6% 2023 federal pay raise.

Some Federal Employees Could Get Inflation Bonus in 2023

FedSmith.com author Ian SmithBy Ian SmithJuly 14, 2022 6:15 AM Categories Federal Employee Pay News Leave a comment

A draft bill in Congress is proposing paying some federal employees a 2023 inflation bonus to help offset rapidly rising inflation.

Most FedSmith Readers Reported Fewer Problems Using New TSP Website

FedSmith.com author Ian SmithBy Ian SmithJuly 12, 2022 12:15 PM Categories Federal Employee Pay News Leave a comment

Despite a tumultuous launch, responses from FedSmith readers to our latest survey indicate they are having fewer problems using the new TSP website.

The Quickest Way to Kill Your TSP

FedSmith.com author Dallen HawsBy Dallen HawsJuly 11, 2022 7:29 AM Categories Federal Employee Pay News Leave a comment

The stock market is down, and many federal employees have seen their TSP savings go down with it. Should they put the money to use elsewhere?

Frustrated? Eleanor Holmes Norton Seeks GAO Investigation of FRTIB and New Inspector General

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJuly 9, 2022 9:33 AM Categories Federal Employee Pay News Leave a comment

Problems stemming from the new TSP website are not over. Eleanor Holmes Norton wants a GAO investigation and appointment of an inspector general for the FRTIB.

Don’t Fall Into the G Fund Trap

FedSmith.com author Thiago GliegerBy Thiago GliegerJuly 6, 2022 8:13 AM Categories Federal Employee Pay News Leave a comment

Have you sold or thought of selling your TSP stock funds as you watch your account values drop? Doing so could prove more costly than not selling.

TSP Transfers to G Fund Up 249% As Stock Values Decline

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJuly 1, 2022 10:54 AM Categories Federal Employee Pay News Leave a comment

As 2022 TSP performance suffers amid a declining stock market, TSP transfers to the G Fund increased 249% in one month. The G Fund is now the largest TSP Fund.

Congresswoman Hints at Possibility of Hearing Over TSP Problems

FedSmith.com author Ian SmithBy Ian SmithJune 30, 2022 6:32 PM Categories Federal Employee Pay News Leave a comment

Congresswoman Eleanor Holmes Norton (D-DC) is still trying to get to the bottom of the recent problems stemming from the rollout of the new TSP website.

Top Considerations for Life and Long-Term Care Insurance (FEGLI and FLTCIP)

FedSmith.com author Thiago GliegerBy Thiago GliegerJune 30, 2022 8:02 AM Categories Federal Employee Pay News Leave a comment

What are the differences between life insurance and long term care insurance? Federal employees have two benefits available to meet both of these needs.

Guide to Inheriting a Spousal TSP

FedSmith.com author Brad BobbBy Brad BobbJune 29, 2022 9:33 AM Categories Federal Employee Pay News Leave a comment

What options are available for a TSP account that belongs to a federal employee or retiree who passes away? Here is an overview of the available options.

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Daily TSP Performance

June 9, 2023

Fund Last % YTD
G Fund $17.5258 +0.01% +1.69%
F Fund $18.6042 -0.20% +2.18%
C Fund $66.4473 +0.12% +12.81%
S Fund $67.3718 -0.54% +9.49%
I Fund $37.5563 -0.05% +10.65%
L Income $23.8042 -0.01% +4.17%
L 2025 $12.0551 -0.02% +5.53%
L 2030 $42.0986 -0.03% +7.74%
L 2035 $12.5588 -0.03% +8.32%
L 2040 $47.2378 -0.04% +8.91%
L 2045 $12.8596 -0.04% +9.41%
L 2050 $28.0313 -0.04% +9.91%
L 2055 $13.6848 -0.04% +11.59%
L 2060 $13.6834 -0.04% +11.59%
L 2065 $13.6817 -0.04% +11.59%
Get detailed TSP data at TSPDataCenter.com

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