C, S and I Funds Drive TSP Performance Over 12 Months and 2023 YTD
After disappointing 2022 returns, federal employees are now enjoying strong TSP performance in 2023 and over the past 12 months. Here are the biggest winners.
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.
Bills Would Ban ESG “Investing Scheme” in TSP
Two new bills would ban the TSP from offering federal employees the option to invest in ESG funds.
OPM Proposes Expanding Locality Pay Areas to 32,900 More Federal Employees
OPM has issued a proposed rule to add about 33,000 federal employees into locality pay areas or creating new areas.
Bills in House and Senate Would Block BlackRock From Voting Rights on TSP Securities
Bills would prohibit BlackRock and other qualified professional asset managers from exercising voting rights of TSP securities.
TSP Review: Record-Breaking Volume With New Website Features
While the full fall-out of the problematic TSP website launch has not yet come to fruition, the June 2023 TSP meeting highlighted positive developments.
Federal Employees: Don’t Lose Annual Leave in 2023!
There is an extra pay period in 2023 which means federal employees should pay close attention to their “use or lose” annual leave.
IRS Coming After Federal Employees Who Don’t File
The author says that with a possible crackdown coming on tax delinquent federal employees, it is in their best interest to always file their tax returns.
2024 RSC Budget Would Slash Federal Employee Pay, Benefits
The 2024 Republican Study Committee (RSC) budget blueprint proposes substantial cuts to federal employees’ pay and benefits.
Salary Council Urges Adding Tens of Thousands of Federal Employees to Locality Pay
The Salary Council is pushing to add thousands of federal employees into the 2024 GS locality pay system.
TSP and BlackRock: Investment Philosophy for Nation’s Largest Retirement Plan
BlackRock manages a large part of assets in the TSP. It also is a company known for its role in pursuing an ESG political agenda.
