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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 Releases 2023 Year-End Processing Schedule

FedSmith.com author Ian SmithBy Ian SmithDec 4, 2023 1:08 PM Categories Pay & Benefits Leave a comment

The TSP has released its processing schedule for the end of 2023.

2023 TSP Performance Jumping Up: One Fund Up More Than 11% in November

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDec 1, 2023 8:26 AM Categories Pay & Benefits Leave a comment
Vertical stacks of coins growing in height from left to right with a rising red arrow over the top of them depicting positive investment gains/returns

In a year of volatility, TSP investors have moved billions into stocks as 2023 TSP performance has skyrocketed. Do you own the fund that jumped more than 11% in November?

2% Differential in 2024 Pay Raise and COLA

FedSmith.com author Ralph R. SmithBy Ralph R. SmithNov 29, 2023 7:15 AM Categories Pay & Benefits Leave a comment
Man's hands on both sides of a seesaw as he works to balance the scale evenly between a ping piggy bank on one side and three stacks of coins growing in size vertically on the other

How do the 2024 federal pay raise and 2024 COLA compare?

What’s the Difference in the Annual COLA and Pay Raise?

FedSmith.com author Ian SmithBy Ian SmithNov 27, 2023 8:08 AM Categories Retirement, Pay & Benefits Leave a comment

The annual COLA and pay raise are complex and often cause confusion. This is what they are and how they are different.

2024 Locality Pay Areas: Why Federal Employees are Confused

FedSmith.com author Ralph R. SmithBy Ralph R. SmithNov 22, 2023 8:45 AM Categories Pay & Benefits Leave a comment
Man appearing to be in deep thought about money

The 2024 locality pay areas have been finalized, but it has led to confusion among impacted employees. Here is an explanation.

OPM Finalizes Locality Pay Areas for 2024

FedSmith.com author Ralph R. SmithBy Ralph R. SmithNov 17, 2023 12:18 PM | Updated: Dec 4, 2023 7:19 AM Categories Pay & Benefits Leave a comment
General Schedule Locality Pay: Illustration of a 3D dollar sign pictured behind a city skyline

The locality pay areas for 2024 have been announced. About 33,000 federal employees will be added to the locality pay system. Here is a complete list of these areas.

Which TSP L Fund Is the Best For You?

FedSmith.com author Dallen HawsBy Dallen HawsNov 15, 2023 9:19 AM Categories Pay & Benefits Leave a comment

How do the TSP L Funds work, and are they the best investment option for federal employees?

Results of TSP Satisfaction Survey Announced; TSP Returns Bounce Back

FedSmith.com author Ralph R. SmithBy Ralph R. SmithNov 14, 2023 2:01 PM Categories Pay & Benefits Leave a comment

The 2023 TSP satisfaction survey results have been reported. TSP returns are rebounding so far in November.

FRTIB Approves Change to TSP I Fund Index

FedSmith.com author Ian SmithBy Ian SmithNov 14, 2023 12:49 PM Categories Pay & Benefits Leave a comment
Worldwide business concept with 3D globe interface and businessman touching a button

A change has been approved to the index tracked by the TSP’s I Fund to expand international investment options for federal employees and retirees.

How is the Annual Federal Employee Pay Raise Determined? What You Need to Know

FedSmith.com author Ralph R. SmithBy Ralph R. SmithNov 13, 2023 11:43 AM Categories Pay & Benefits Leave a comment
Four separate vertical stacks of coins growing in size from left to right pictured next to a white piggy bank on a wooden surface

How is the annual federal employee pay raise determined for the upcoming year?

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Daily TSP Performance

April 29, 2026

Fund Last % YTD
G Fund $19.8609 +0.01% +1.39%
F Fund $20.8926 -0.38% +0.05%
C Fund $114.5779 -0.04% +4.63%
S Fund $107.0642 -0.55% +6.63%
I Fund $60.5894 -0.56% +9.19%
L Income $30.0628 -0.09% +2.80%
L 2030 $60.5286 -0.18% +4.18%
L 2035 $18.5187 -0.21% +4.75%
L 2040 $71.1974 -0.23% +5.03%
L 2045 $19.7461 -0.24% +5.28%
L 2050 $43.8490 -0.26% +5.53%
L 2055 $22.8166 -0.28% +6.47%
L 2060 $22.8138 -0.28% +6.47%
L 2065 $22.8109 -0.29% +6.47%
L 2070 $13.5196 -0.29% +6.47%
L 2075 $11.8094 -0.29% +6.47%
Get detailed TSP data at TSPDataCenter.com

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