Pay Cap, Pay Compression, and Potential for Change
The pay cap impacts a growing number of federal employees every year. A new bill would eliminate it.
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 takeāhome compensation.
The pay cap impacts a growing number of federal employees every year. A new bill would eliminate it.
These are pros and cons of moving money from the TSP after leaving federal service.
Federal employees making at least $145,000 may be able to accumulate more for their future retirement starting in 2024 via catch-up contributions to the TSP.
The stock market has had its longest winning streak since 2021. This led to strong TSP performance in July.
Senator Marco Rubio’s latest efforts to block TSP investments of federal employees in Chinese companies have failed.
Over 70,000 federal employees and 118,000 Postal employees will be eligible for FEDVIP coverage under a new rule issued by OPM.
TSP fund performance is soaring in 2023. Will it continue?
What happens when a federal employee passes away while still working? This is a guide for survivor benefits to claim.
Pay parity may be a good argument for the 2024 federal pay raise this year.
Are FEHB premiums going up faster than inflation? Do annual raises and COLA increases keep up with FEHB premium increases?