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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.

Locality Pay and the Federal Pay Schedule

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJul 14, 2014 3:20 PM Categories Pay & Benefits Leave a comment

Will new locality pay areas be added to the federal GS pay system in 2015? A report from the President’s Pay Agent suggests this will be done but no final decision has been made.

When Do Wage Grade Employees Get A Pay Increase?

By Wayne ColemanJul 13, 2014 10:44 AM Categories Pay & Benefits Leave a comment

Many prevailing rate employees working under the WG or associated prevailing rate pay schedules have asked when pay increases will be effective in 2014. The author provides some answers.

TSP Rated as Most Valuable Benefit to Federal Employees

FedSmith.com author Ian SmithBy Ian SmithJul 8, 2014 5:11 PM Categories Pay & Benefits Leave a comment

OPM has released the results of the 2013 Federal Employee Benefits Survey. The Thrift Savings Plan (TSP) was rated as one of the top benefits available to federal employees as well as the program with the highest enrollment among the federal workforce.

Senators Want VA Employees Involved in Scandal to Repay Bonuses

FedSmith.com author Ian SmithBy Ian SmithJul 2, 2014 10:13 PM Categories Pay & Benefits Leave a comment

U.S. Senators Claire McCaskill (D-Mo.) and Kelly Ayotte (R-N.H.) have introduced legislation that would take back bonuses paid to employees at the Department of Veterans Affairs (VA) who were involved in the manipulation of electronic waitlists.

How Many White House Employees Make Over $100k?

FedSmith.com author Ian SmithBy Ian SmithJul 1, 2014 6:07 PM Categories Pay & Benefits Leave a comment

The White House has released its annual disclosure of staff salaries with data for FY 2013.

BCBS Removes HIV Drugs From Mandatory Mail Order List for Federal Employees

FedSmith.com author Ian SmithBy Ian SmithJun 19, 2014 12:57 PM Categories Pay & Benefits Leave a comment

In what is being hailed as a victory for federal employees with HIV/AIDS, the Blue Cross Blue Shield Association has announced that it has removed HIV drugs from its mandatory mail order drug list.

Calculating the 2015 Cost of Living Adjustment (COLA)

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJun 18, 2014 1:36 PM Categories Federal Workforce News, Pay & Benefits, Retirement Leave a comment

How much will inflation add to the amount added to your retirement annuity or Social Security payment in 2015? We will not know until sometime in October but here are the latest calculations.

Majority of FedSmith.com Users Would Be Happy With a 3.3% Pay Raise

FedSmith.com author Ian SmithBy Ian SmithJun 10, 2014 3:22 PM Categories Federal Workforce News, Pay & Benefits Leave a comment

We asked and you spoke: The majority of FedSmith.com users say a 3.3% pay increase for 2015 would be fair.

Highest Salaries and Bonuses Paid in Phoenix VA Facility

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJun 8, 2014 5:00 PM Categories Pay & Benefits Leave a comment

The Veterans Health Administration in Phoenix has been subject to scrutiny in recent days as a result of the controversy over veterans care provided by the agency. In response to queries for salaries and bonuses at this facility, here is a listing of the highest ones.

Hawaii Senator Wants 3.3% Pay Raise for Federal Employees

FedSmith.com author Ian SmithBy Ian SmithMay 23, 2014 4:32 PM Categories Pay & Benefits Leave a comment

Senator Brian Schlatz (D-HI) introduced legislation late this week (S 2397) proposing a 3.3% pay increase for federal workers.

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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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