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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.

TSP Returns in 2024: C Fund Roaring in First Six Months to Lead All Funds

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJun 29, 2024 4:51 PM Categories Pay & Benefits Leave a comment
Image of a rising line chart imposed over a $100 dollar bill depicting financial gains/stock market returns

Large tech companies have been surging in 2024. This surge has benefited the C Fund, the TSP’s most popular fund.

Parent PLUS Loans: Eligibility for Public Service Loan Forgiveness (PSLF)

FedSmith.com author David FeiBy David FeiJun 26, 2024 2:42 PM Categories Pay & Benefits Leave a comment

Under the right circumstances, Parent PLUS loans are eligible for the Public Service Loan Forgiveness program.

Pay Parity and the 2025 Federal Pay Raise

FedSmith.com author Ian SmithBy Ian SmithJun 26, 2024 7:16 AM | Updated: Sep 22, 2024 2:47 PM Categories Pay & Benefits Leave a comment
Scale tipped towards one side due to having three bags of money on it versus only one bag on the higher side

Pay parity may be a good argument for the 2025 federal pay raise this year.

All TSP Funds Up in 2024—Largest Fund Up 15%—New L Fund Launching in July

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJun 25, 2024 10:14 AM Categories Pay & Benefits Leave a comment

All TSP Funds are up in 2024 with the largest Fund up 15%. A new TSP Fund is scheduled to be launched in July.

2025 Federal Pay Raise is One Step Closer to Reality

FedSmith.com author Ian SmithBy Ian SmithJun 22, 2024 7:00 AM Categories Pay & Benefits Leave a comment
$100 bill on a wooden surface partially built out of puzzle pieces with the other pieces scattered around beside it

The 2025 federal pay raise took a small but important step forward recently.

More Telework, Rapidly Expanding Locality Pay, and Lax Agency Oversight

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJun 17, 2024 12:35 PM Categories Pay & Benefits Leave a comment
Dollar sign at the end of a road overlaid against a city skyline

Telework has expanded in federal government, and the size and number of locality pay areas have increased. One Senator has uncovered problems stemming from lax oversight.

Avoid These Common TSP Misconceptions and Mistakes

FedSmith.com author Brennan RhuleBy Brennan RhuleJun 10, 2024 7:34 AM Categories Pay & Benefits Leave a comment
Glass filled with money labeled 'retirement' sitting on a shelf

These are 11 common misconceptions federal employees often have about the TSP.

How to Get High Federal Locality Pay and Live in a Less Expensive Area

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJun 7, 2024 9:48 AM | Updated: Jul 30, 2024 3:21 PM Categories Pay & Benefits Leave a comment
A large 3D dollar sign is pictured behind a harbor front city skyline

Are some federal employees receiving locality while living and working outside of that pay area? A report and questions from a Senator highlight the issue.

How Good is the TSP’s G Fund? Are You Using it Wisely?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJun 4, 2024 8:41 AM Categories Pay & Benefits Leave a comment
Evenly balanced seesaw with a piggy bank on the left side and 3 vertical stacks of coins on the right side

The G Fund is a unique fund within the TSP which is an overall excellent benefit for federal employees. How does this fund fit into your TSP investments?

May TSP Returns: Significant Gains With One Fund Up 11.2% in 2024

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJun 1, 2024 7:57 AM Categories Pay & Benefits Leave a comment
A calculator and pen are pictured next to a notepad with the words 'Thrift Savings Plan' written on it against a yellow background

One TSP Fund—the most widely held Fund—is up 11.2% (so far) in 2024. Only one TSP Fund is down.

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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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