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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.

Important Changes to Some TSP Forms

FedSmith.com author Francis Xavier (FX) BergmeisterBy Francis Xavier (FX) BergmeisterFeb 13, 2023 7:29 AM Categories Pay & Benefits Leave a comment

Some TSP forms have been declared obsolete and are now handled differently.

Lawmakers Push to Give Federal Employees 12 Weeks of Paid Leave

FedSmith.com author Ian SmithBy Ian SmithFeb 9, 2023 1:26 PM Categories Pay & Benefits Leave a comment

Legislation has been introduced to expand paid leave for federal employees.

White House Wants to Give More Leave to Federal Employees

FedSmith.com author Ian SmithBy Ian SmithFeb 2, 2023 5:06 PM Categories Pay & Benefits Leave a comment

President Biden wants to give more leave options to federal employees.

TSP Performance Positive in January: S Fund Up 10.82%

FedSmith.com author Ralph R. SmithBy Ralph R. SmithFeb 1, 2023 9:03 AM | Updated: May 15, 2023 12:31 PM Categories Pay & Benefits Leave a comment

TSP performance in January 2023 was flipped from January 2022. All TSP Funds are showing a positive return to start off the year.

Renewed Effort to Give Federal Employees a Holiday for Lunar New Year

FedSmith.com author Ian SmithBy Ian SmithJan 27, 2023 10:40 AM | Updated: May 15, 2023 12:33 PM Categories Pay & Benefits Leave a comment

Legislation has been reintroduced to create another federal holiday for Lunar New Year.

2024 Federal Pay Raise: How About 8.7%?

FedSmith.com author Ian SmithBy Ian SmithJan 26, 2023 5:06 PM | Updated: Jan 30, 2023 1:53 PM Categories Pay & Benefits Leave a comment

Legislation has been introduced to set the 2024 federal pay raise for federal employees at 8.7%.

What Federal Employees Should Know About Assignment of FEGLI Coverage

FedSmith.com author Benjamin DergeBy Benjamin DergeJan 25, 2023 2:29 PM | Updated: Jan 15, 2024 1:29 PM Categories Pay & Benefits

Assigning your FEGLI coverage to another party? This is when you might want to consider it and what you should know before committing.

2023 Starts With Strong TSP Performance: One Fund Up 8.25% So Far

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJan 24, 2023 12:54 PM | Updated: May 15, 2023 12:39 PM Categories Pay & Benefits Leave a comment

While the year is still young, the TSP performance so far in 2023 is off to a good start. Here are the latest fund returns.

Number of TSP Millionaires Goes Up to 76,889 at Close of 2022

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJan 20, 2023 1:52 PM Categories Pay & Benefits Leave a comment

How many TSP millionaires are there? The number at the end of 2022 is the lowest end of the calendar year figure since 2020 but still an improvement over earlier this year.

How to Double Your TSP In 2023

FedSmith.com author Dallen HawsBy Dallen HawsJan 17, 2023 8:11 AM Categories Pay & Benefits Leave a comment

There are only two things required to double your TSP account over time.

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Daily TSP Performance

May 1, 2026

Fund Last % YTD
G Fund $19.8657 +0.01% +1.42%
F Fund $20.9401 +0.12% +0.28%
C Fund $116.0963 +0.29% +6.01%
S Fund $109.4965 +0.40% +9.05%
I Fund $61.5532 -0.18% +10.92%
L Income $30.1996 +0.05% +3.27%
L 2030 $61.0590 +0.09% +5.10%
L 2035 $18.7105 +0.11% +5.83%
L 2040 $71.9984 +0.11% +6.21%
L 2045 $19.9834 +0.12% +6.54%
L 2050 $44.4091 +0.13% +6.88%
L 2055 $23.1647 +0.14% +8.10%
L 2060 $23.1620 +0.14% +8.10%
L 2065 $23.1591 +0.14% +8.10%
L 2070 $13.7260 +0.14% +8.10%
L 2075 $11.9897 +0.14% +8.10%
Get detailed TSP data at TSPDataCenter.com

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