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Federal Employee Pay News

Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Topics include TSP, FEHB, or 2023 federal pay raise, 2023 GS locality pay, 2023 GS pay scale, OPM and GS pay news.

What Are “Special Rates” for Federal Employees? Will They Receive 4.1% Pay Raise?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 20, 2022 12:46 PM Categories Federal Employee Pay News Leave a comment
Spread of four $100 bills with a question mark pictured overlaid on top of them expressing doubt or uncertainty about a pay raise

What are special rates for federal employees and how are they related to the GS locality pay rates? Does the 2023 federal pay raise apply to the special rates?

President’s Pay Agent Issues GS Locality Pay Decisions for 2023—and Beyond

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 19, 2022 2:35 PM Categories Federal Employee Pay News Leave a comment

The President’s Pay Agent has issued a report for 2023 GS locality pay and approved recommendations for 2024 GS locality pay that will add about 32,000 more to the locality pay system.

Where Can I Find Income If I’m Disabled?

By Leah Bachmeyer-KilleDecember 16, 2022 9:32 AM Categories Federal Employee Pay News Leave a comment

These are income options for federal employees who are unable to work due to disability.

Seeking Higher Salary of GS Locality Pay? Here is Status of Requests to be Added

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 19, 2022 1:50 PM Categories Federal Employee Pay News Leave a comment
Series of red blocks of varying sizes each containing a white percent sign set against a white background

How does an area become part of a GS locality pay area? Which regions have requested to be added to GS locality pay areas and what is their status?

Inflation, 2023 Federal Pay Raise, and Declining Wealth As 2022 Winds Down

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 13, 2022 8:12 PM Categories Federal Employee Pay News, Federal Employee Retirement Leave a comment
2022 inflation over the last 12 months as of November 2022 and its impact on everyday items: Food at home, electricity, shelter, new cars, gas

While the anticipated 2023 federal pay raise is 4.6%, on average, inflation has slowed to an annual increase of 7.1%.

Will You Be One of 16,000 Added to Higher Paying GS Locality Pay Areas?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 14, 2022 11:18 AM Categories Federal Employee Pay News Leave a comment
Dollars floating around in the air in a city looking up towards a skyscraper depicting locality pay

New GS locality pay areas may mean higher salaries for as many as 16,000 federal employees in about 190 jurisdictions. Where are these new locations?

TSP Releases 2022 Year End Processing Schedule

FedSmith.com author Ian SmithBy Ian SmithDecember 11, 2022 1:45 PM Categories Federal Employee Pay News Leave a comment

The TSP has released its 2022 end-of-year processing schedule.

2023 Locality Pay Report Proposes Changes Increasing Pay for About 16,000 Federal Employees

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 9, 2022 1:24 PM Categories Federal Employee Pay News Leave a comment
Stacks of coins increasing in size set against a city skyline in the background depicting locality pay

A 2023 locality pay report recommends changes that would increase pay for about 16,000 federal employees if adopted.

Last-Minute Ways to Save On Your 2023 FEHB Premiums

FedSmith.com author Kevin MossBy Kevin MossDecember 8, 2022 8:31 AM Categories Federal Employee Pay News Leave a comment
Cost comparison of the 2023 FEHB premiums for 7 popular plans in the Washington, DC area

These are some ways federal employees can save on their 2023 FEHB premiums.

Estimated 2023 GS Pay Scale for Federal Employees

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 5, 2022 10:16 AM Categories Federal Employee Pay News Leave a comment
Information about the 2023 General Schedule (GS) pay scale and 2023 GS locality pay

What will federal employee pay be in 2023? Here is an estimate of the 2023 GS pay scale for each GS grade and step. Final figures will be out later this month.

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Daily TSP Rates

February 3, 2023

Fund Last % YTD
G Fund $17.2988 +0.01% +0.37%
F Fund $18.7903 -0.80% +3.20%
C Fund $63.5291 -1.03% +7.85%
S Fund $69.9542 -1.29% +13.69%
I Fund $36.7896 -1.03% +8.39%
L Income $23.4339 -0.30% +2.55%
L 2025 $11.8505 -0.46% +3.74%
L 2030 $41.2549 -0.69% +5.58%
L 2035 $12.3017 -0.76% +6.11%
L 2040 $46.2456 -0.82% +6.62%
L 2045 $12.5856 -0.88% +7.08%
L 2050 $27.4205 -0.93% +7.51%
L 2055 $13.3425 -1.06% +8.80%
L 2060 $13.3413 -1.06% +8.80%
L 2065 $13.3398 -1.06% +8.81%
Get detailed TSP data at TSPDataCenter.com

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