Pay & Benefits
Number of TSP Millionaires Goes Up to 76,889 at Close of 2022
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…
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.
Pay & Benefits
How to Double Your TSP In 2023
There are only two things required to double your TSP account over time.
Pay & Benefits
President’s Day: Why It is Celebrated, Expanded, and Impact on Federal Employees
President's Day is a relatively new holiday. It's official title is Washington's Birthday but President's Day is now the more common name used.
Pay & Benefits
Debt Ceiling and How Your G Fund Investment Will Be Impacted
Attention G Fund investors: The federal government has exhausted its ability to borrow more money and will hit the debt ceiling. Your investment will be used to help…
Pay & Benefits
Waste in FEHB Program Could Be Costing $1 Billion Annually
A new GAO report says that payments made to ineligible family members under FEHB could be costing OPM as much as $1 billion every year.
Pay & Benefits
Pay Compression, Pay Caps Impacting Federal Employees Frozen at $183,500
Pay compression and the pay freeze now impact senior federal employees in 31 GS locality pay areas.
Pay & Benefits
Dismal 2022 TSP Performance: One Fund Down 26% for the Year
2022 TSP fund performance was dismal. One TSP stock fund was down 26%. What happened after the last significant yearly loss?
Pay & Benefits
Value of GS Locality Pay? In One Example, 53% Increase Over “Rest of the U.S.”
What is the value of joining a GS locality pay area? In this sample, one pay area had a 53% increase over the Rest of the U.S. in…
Pay & Benefits
2023 Federal Pay Raise and 2023 GS Pay Scale Finalized
President Biden has issued an Executive Order finalizing the 2023 federal pay raise as well as the 2023 GS pay scale tables.
Pay & Benefits
2023 GS Locality Pay Tables Published: Here are Localities with Highest and Lowest Pay Increases
Here are the 2023 GS locality pay areas with the highest and lowest total pay increases for 2023.