Republicans Consider Cutting G Fund Interest Rate to Raise Money
Republicans in the Senate have revived a previously defunct idea that would drastically cut the interest rate that the G Fund pays to TSP investors.
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.
The Confederate Flag and Your 2016 Pay Raise
How does a controversy over flying the Confederate flag impact the 2016 federal employee pay raise?
Locality Pay for Feds: How Is Your Paycheck Impacted?
How much of a difference will locality pay make in your paycheck? This article compares actual locality pay to the “target pay gap” in each locality pay area and how it impacts the salary levels for hundreds of thousands of federal employees.
What Happens to Your Benefits if You Die While Still Working?
Federal employees should know what happens to their benefits if they die while still employed.
Federal Retirement Contributions and Pension Calculations: More Changes Coming?
Will the federal retirement system be changed to require greater contributions from federal employees in the near future? Will the retirement computation change from a high three to high five? Here is a quick summary of pending issues federal employees should be watching.
2016 Locality Pay and How It Will Impact Your Paycheck
FedSmith has received questions from geographic readers in areas to be covered by new locality pay rates. Most readers asking questions are wondering if they will receive the full locality pay differential cited by the Federal Salary Council. Our advice: Don’t make any purchases based on your expectations of increased income until you know the actual amount you will receive. This article explains why.
OPM: Supreme Court Ruling on Gay Marriage Won’t Change Your Benefits
The Office of Personnel Management has issued a memo which says that the recent Supreme Court ruling upholding gay marriage will not have any impact on federal employee benefits.
2016 Federal Pay Increase Meandering Through Congress
A House committee has advanced a bill that may impact the federal pay raise for 2016—by not proposing an alternative pay raise figure for next year.
Holiday Pay Following a Day Off
I am a midnight shift employee. If I am off on Sunday night but work the night of the holiday (in this case Monday), do I get holiday pay being that I worked a part of the holiday?
How Much Will Your Pay Increase in 2016?
How much will your pay raise be in 2016? The president has recommended 1.3%. Congress could intervene but has not done so. What about a pay increase for military personnel and federal retirees?
