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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.

Last-Minute Ways to Save On Your 2023 FEHB Premiums

FedSmith.com author Kevin MossBy Kevin MossDec 8, 2022 8:31 AM | Updated: Aug 27, 2024 2:40 PM Categories Pay & Benefits Leave a comment

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. SmithDec 5, 2022 10:16 AM | Updated: Dec 24, 2022 9:41 AM Categories Pay & Benefits Leave a comment

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.

2023 Federal Employee Pay: Changes in Two 2023 GS Locality Pay Areas

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDec 4, 2022 4:25 PM | Updated: Oct 28, 2023 9:35 AM Categories Pay & Benefits Leave a comment

There will be changes to a couple of 2023 GS locality pay areas.

Federal Employees’ Pay Satisfaction on the Decline

FedSmith.com author Ian SmithBy Ian SmithDec 1, 2022 2:52 PM Categories Pay & Benefits Leave a comment

The 2022 FEVS results indicate that federal employees are becoming increasingly dissatisfied with their pay.

TSP Performance Jumps for 2nd Straight Month

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDec 1, 2022 8:10 AM Categories Pay & Benefits Leave a comment

TSP performance for the stock funds in November was up significantly. Here are the November 2022 monthly TSP returns and how these funds are performing so far this year.

When Should You Get Rid of FEGLI?

FedSmith.com author Dallen HawsBy Dallen HawsNov 30, 2022 9:20 AM Categories Pay & Benefits Leave a comment

When does it make sense for federal employees to drop FEGLI coverage?

Top Reasons to Contribute to an HSA

FedSmith.com author Brad BobbBy Brad BobbNov 29, 2022 7:15 AM Categories Pay & Benefits Leave a comment

These are some of the advantages of contributing to an HSA.

Climate Change, Politics and Your TSP

FedSmith.com author Ralph R. SmithBy Ralph R. SmithNov 28, 2022 6:50 AM Categories Pay & Benefits, Retirement Leave a comment

A new rule from the Department of Labor requires considering climate change when investing retirement assets. Will this impact TSP investments?

Your TSP or Your Life? You Decide.

FedSmith.com author Dallen HawsBy Dallen HawsNov 23, 2022 9:36 AM Categories Pay & Benefits Leave a comment

Looking at the amount of our time invested to earn or spend our money can help put large purchases into better perspective.

FLTCIP Problem: OPM Suspending Long-Term Care Insurance Applications

FedSmith.com author Ralph R. SmithBy Ralph R. SmithNov 22, 2022 10:08 AM Categories Pay & Benefits Leave a comment

The FLTCIP is in trouble. OPM is suspending new applications as of 12/19/22. Here is a summary and analysis.

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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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