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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.

Pair of Bills Would Slash Pay for Over a Million Federal Employees

FedSmith.com author Ian SmithBy Ian SmithAug 5, 2024 6:45 AM Categories Pay & Benefits Leave a comment
General Schedule Locality Pay: Illustration of a 3D dollar sign pictured behind a city skyline

Two recently introduced bills target locality pay and retirement annuities for the majority of federal employees.

Your TSP and The “Great Rotation” as S Fund Surges in July

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAug 1, 2024 8:50 AM Categories Pay & Benefits Leave a comment
spread of cash in a rotating fan pattern against a white background

The “great rotation” among stocks in the Thrift Savings Plan (TSP) became evident in July. Here is how this rotation impacted TSP returns.

The TSP Mutual Fund Window is Too Expensive

FedSmith.com author Francis Xavier (FX) BergmeisterBy Francis Xavier (FX) BergmeisterJul 31, 2024 1:19 PM Categories Pay & Benefits Leave a comment
Image of cash going down a drain

Federal employees should consider using alternate methods instead of the Mutual Fund Window to access mutual funds outside of the TSP.

3% Federal Pay Raise in 2026?

FedSmith.com author Ian SmithBy Ian SmithJul 31, 2024 7:05 AM Categories Pay & Benefits Leave a comment
Black question mark on a white index card sitting upright next to a collection of small stacks of coins depicting confusion about money or salary

Is it too early for federal employees to start thinking about the 2026 pay raise?

Bill Would Boost Paid Leave for Some Federal Employees

FedSmith.com author Ian SmithBy Ian SmithJul 30, 2024 8:23 AM | Updated: Jun 9, 2025 1:02 PM Categories Pay & Benefits Leave a comment
Close up of cash in the pocket of a military uniform - military benefits, pay

A new bill would give federal employees who are military reserve servicemembers additional paid annual leave.

TSP Launching New L Fund

FedSmith.com author Ian SmithBy Ian SmithJul 23, 2024 12:57 PM | Updated: Jul 26, 2024 4:08 PM Categories Pay & Benefits Leave a comment

Federal employees will soon have a new TSP fund in which to invest: the L 2070 Fund.

Biden vs. Trump: Changes in the Federal Workforce

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJul 22, 2024 7:44 AM Categories Human Resources, Pay & Benefits Leave a comment
Cartoon illustration of a businessperson's hand holding up a scale with employees on one side and a stack of money on another depicting cost controls for employee benefits and human resources

How has the federal workforce changed under Presidents Trump and Biden? Here is a summary of racial composition, total federal employment and salary increases.

OPM Directs Agencies to Advance Pay Equity for Federal Employees

FedSmith.com author Ian SmithBy Ian SmithJul 19, 2024 10:13 AM Categories Pay & Benefits, Human Resources Leave a comment
Image of scale with men and women sign on each end

OPM is directing agencies to conduct independent pay gap analyses to advance pay equity throughout the federal workforce.

Are the TSP’s Lifecycle Funds Considered ‘To’ or ‘Through’ Target Date Funds?

FedSmith.com author Francis Xavier (FX) BergmeisterBy Francis Xavier (FX) BergmeisterJul 11, 2024 2:22 PM Categories Pay & Benefits Leave a comment
Notepad with columns of numbers written on it representing a budget next to a stack of cash and a calculator

The TSP Lifecycle funds are designed to limit volatility until their designated dates.

How Should Federal Employees Prepare for a Government Shutdown?

FedSmith.com author Brennan RhuleBy Brennan RhuleJul 8, 2024 8:05 AM Categories Pay & Benefits Leave a comment

These tips can help federal employees weather the financial disruptions caused by government shutdowns.

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Daily TSP Performance

April 1, 2026

Fund Last % YTD
G Fund $19.7939 +0.01% +1.05%
F Fund $20.8929 +0.01% +0.05%
C Fund $105.5194 +0.72% -3.65%
S Fund $99.8332 +0.66% -0.57%
I Fund $57.7086 +2.11% +3.99%
L Income $29.4203 +0.35% +0.61%
L 2030 $58.1639 +0.68% +0.11%
L 2035 $17.6744 +0.80% -0.03%
L 2040 $67.6954 +0.87% -0.13%
L 2045 $18.7140 +0.93% -0.22%
L 2050 $41.4218 +0.99% -0.31%
L 2055 $21.3088 +1.19% -0.56%
L 2060 $21.3063 +1.19% -0.56%
L 2065 $21.3037 +1.19% -0.56%
L 2070 $12.6263 +1.19% -0.56%
L 2075 $11.0291 +1.19% -0.56%
Get detailed TSP data at TSPDataCenter.com

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