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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.

DeSantis: Pay Raise Indicative of Runaway Government Spending

FedSmith.com author Ian SmithBy Ian SmithFeb 14, 2013 9:20 PM Categories Pay & Benefits Leave a comment

The proposed pay raise for federal employees has stirred debate this week as the vote in the House to extend the pay freeze approaches. One of the latest people to weigh in is the bill’s sponsor, Congressman Ron DeSantis (R-FL), who touts the fiscal benefits provided by his legislation.

White House Denounces House Pay Freeze Bill

FedSmith.com author Ian SmithBy Ian SmithFeb 14, 2013 2:33 PM Categories Pay & Benefits Leave a comment

The White House’s Office of Management and Budget issued a statement this week denouncing legislation pending in the House that would block the pay increase for federal employees.

How is My “High-3 Average Pay” Calculated? (Part 1)

By Ehren ClovisFeb 14, 2013 2:13 AM Categories Pay & Benefits, Retirement Leave a comment

The high-3 average pay is a basic component of an employee’s retirement contribution that federal employees often find confusing. The author offers some detailed explanation to take the mystery out of it.

Federal Employee Groups Ask House to Allow Pay Raise

FedSmith.com author Ian SmithBy Ian SmithFeb 12, 2013 12:39 PM Categories Federal Workforce News, Pay & Benefits Leave a comment

The Federal-Postal Coalition recently sent a letter to House members asking them to allow the 0.5% pay increase for federal employees.

AFGE: President’s Pay Raise Proposal ‘Simply Not Enough’

FedSmith.com author Ian SmithBy Ian SmithFeb 9, 2013 2:42 PM Categories Pay & Benefits Leave a comment

AFGE President J. David Cox, Sr. said in a statement that Obama’s proposed 1% pay increase for federal workers is “simply not enough.”

Obama to Propose 1% Pay Raise for Federal Workers

FedSmith.com author Ian SmithBy Ian SmithFeb 8, 2013 7:35 PM Categories Federal Workforce News, Pay & Benefits Leave a comment

The White House’s Office of Management and Budget has announced that the president intends to propose a 1% pay increase for federal employees in his 2014 budget proposal.

Paid Parental Leave Legislation for Federal Employees Introduced

FedSmith.com author Ian SmithBy Ian SmithFeb 7, 2013 3:36 PM Categories Pay & Benefits Leave a comment

Legislation introduced this week would provide all federal employees with four weeks of paid parental leave upon the birth or adoption of a child.

Panetta Recommends Pay Cut for Military

FedSmith.com author Ian SmithBy Ian SmithFeb 6, 2013 9:32 PM Categories Pay & Benefits Leave a comment

Outgoing Defense Secretary Leon Panetta has revealed that he is recommending a 1% pay increase for the military in 2014, which represents a decrease from the 1.7% pay increase that was approved in 2013.

Federal Pay Among Priorities for House Oversight Committee

FedSmith.com author Ian SmithBy Ian SmithFeb 5, 2013 9:25 AM Categories Pay & Benefits Leave a comment

The House Oversight and Government Reform Committee recently released its plan for the 113th Congress with its stated goals for the next two years, one of which is to bring compensation of the federal workforce more in line with the private sector.

Refusing the Federal Health Care and Retirement System: One Congressman Wants Out

FedSmith.com author Ralph R. SmithBy Ralph R. SmithFeb 4, 2013 7:26 PM Categories Pay & Benefits Leave a comment

One Congressman has taken a stand that is popular with many in his district by announcing he is not using the federal health benefits program or the FERS retirement system because they are better than the benefits available to many taxpayers. How is this likely to work out for him?

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Daily TSP Performance

May 4, 2026

Fund Last % YTD
G Fund $19.8731 +0.04% +1.46%
F Fund $20.8728 -0.32% -0.04%
C Fund $115.6318 -0.40% +5.59%
S Fund $109.1196 -0.34% +8.68%
I Fund $61.3781 -0.28% +10.61%
L Income $30.1723 -0.09% +3.18%
L 2030 $60.9371 -0.20% +4.89%
L 2035 $18.6651 -0.24% +5.58%
L 2040 $71.8065 -0.27% +5.93%
L 2045 $19.9260 -0.29% +6.24%
L 2050 $44.2732 -0.31% +6.55%
L 2055 $23.0836 -0.35% +7.72%
L 2060 $23.0808 -0.35% +7.72%
L 2065 $23.0779 -0.35% +7.72%
L 2070 $13.6778 -0.35% +7.72%
L 2075 $11.9476 -0.35% +7.72%
Get detailed TSP data at TSPDataCenter.com

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