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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.

Discounted Higher Ed Classes Now Available for Federal Employees

FedSmith.com author Ian SmithBy Ian SmithMay 11, 2016 10:41 AM Categories Pay & Benefits Leave a comment

The Office of Personnel Management and Excelsior College have announced an agreement that will allow federal employees to take higher education classes at a reduced rate.

Which Federal Employees Are Impacted by OPM’s Recent Revised Pay Setting Guidance?

By Wayne ColemanApr 26, 2016 1:33 PM Categories Pay & Benefits Leave a comment

The U.S. Office of Personnel Management (OPM) recently updated its fact sheet on setting employee’s pay when moving from a nonappropriated fund (NAFI) position to a General Schedule (GS) position. What exactly does this mean and which federal employees are impacted?

Are All Federal Employees Entitled to Locality Pay?

By Wayne ColemanApr 25, 2016 7:20 AM | Updated: Aug 12, 2016 2:58 PM Categories Pay & Benefits, Q&A Leave a comment

Who is and who is not entitled to receive locality pay?

Long Term Care Premiums Set to Increase

FedSmith.com author Ian SmithBy Ian SmithApr 19, 2016 3:48 PM Categories Pay & Benefits Leave a comment

The Office of Personnel Management recently announced that Federal Long Term Care Insurance Program (FLTCIP) rates will be increasing no later than the fall of this year.

Legislation Introduced to Pay Veterans $20k for Loss of Sexual Organs

FedSmith.com author Ian SmithBy Ian SmithApr 14, 2016 1:16 PM | Updated: Aug 21, 2016 7:42 PM Categories Human Resources, Pay & Benefits Leave a comment
Military fatigues and dog tags on an American Flag with a stethoscope to illustrate health care in the armed services

The Chairman of the House Committee on Veterans’ Affairs has introduced legislation to pay veterans who have suffered a traumatic injury to their reproductive organs $20,000 to be used for adoption fees or other personal expenses.

House Approves IRS Accountability Bills

FedSmith.com author Ian SmithBy Ian SmithApr 13, 2016 6:35 PM | Updated: Aug 21, 2016 7:41 PM Categories Pay & Benefits Leave a comment

Just in time for April 15, the House Ways and Means Committee has approved four bills targeting the IRS and its employees.

OPM Updates Pay Guidance for NAFI Employees Moving to GS Positions

FedSmith.com author Ian SmithBy Ian SmithApr 7, 2016 7:47 AM | Updated: Aug 12, 2016 2:58 PM Categories Pay & Benefits Leave a comment

The Office of Personnel Management has updated the pay fact sheet for Nonappropriated Fund Instrumentalities (NAFI) employees who move to General Schedule positions.

Congress Proposes New Bill For 25% Federal Pay Raise

By Jeff NealApr 1, 2016 1:52 PM | Updated: Aug 24, 2016 7:09 PM Categories Pay & Benefits Leave a comment

An overwhelming number of lawmakers rode into the Capitol on unicorns today to offer their unwavering support for the federal workforce with a proposal to give federal employees a 25% pay raise.

Will Higher Interest Rates Impact the Federal Budget and Federal Workers?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithApr 1, 2016 7:15 AM | Updated: Nov 22, 2016 12:50 PM Categories Pay & Benefits Leave a comment

The federal deficit is growing and interest rates are projected to go up from their current low rate. Will this impact the federal workforce?

Is a Change to a ‘High-Five’ Calculation Likely to Happen?

FedSmith.com author John GrobeBy John GrobeMar 30, 2016 7:18 AM | Updated: Aug 25, 2016 4:23 PM Categories Pay & Benefits, Q&A, Retirement Leave a comment

I’ve heard rumors that Congress will be changing how our retirement is computed by mandating a “high-five” calculation, rather than a high-three. Is this likely to happen and, if it does, what will it do to our pensions?

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Daily TSP Performance

May 1, 2026

Fund Last % YTD
G Fund $19.8657 +0.01% +1.42%
F Fund $20.9401 +0.12% +0.28%
C Fund $116.0963 +0.29% +6.01%
S Fund $109.4965 +0.40% +9.05%
I Fund $61.5532 -0.18% +10.92%
L Income $30.1996 +0.05% +3.27%
L 2030 $61.0590 +0.09% +5.10%
L 2035 $18.7105 +0.11% +5.83%
L 2040 $71.9984 +0.11% +6.21%
L 2045 $19.9834 +0.12% +6.54%
L 2050 $44.4091 +0.13% +6.88%
L 2055 $23.1647 +0.14% +8.10%
L 2060 $23.1620 +0.14% +8.10%
L 2065 $23.1591 +0.14% +8.10%
L 2070 $13.7260 +0.14% +8.10%
L 2075 $11.9897 +0.14% +8.10%
Get detailed TSP data at TSPDataCenter.com

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