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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.

2023 FEHB Premiums to Increase by 8.7%

FedSmith.com author Ian SmithBy Ian SmithSep 30, 2022 3:30 PM | Updated: Aug 27, 2024 2:42 PM Categories Pay & Benefits Leave a comment

OPM has released the 2023 FEHB and FEDVIP premiums.

Update on TSP Website Problems; All TSP Funds Have Negative Return With One Down 30%+

FedSmith.com author Ralph R. SmithBy Ralph R. SmithSep 27, 2022 12:22 PM Categories Pay & Benefits Leave a comment

One TSP Fund is now down more than 30% in 2022. Here is an update on 2022 TSP fund performance and how TSP website problems have been rectified.

Two New Additions Proposed for Locality Pay Areas

FedSmith.com author Ralph R. SmithBy Ralph R. SmithSep 26, 2022 7:35 AM Categories Pay & Benefits Leave a comment

OPM is proposing to add Carroll County, IL and Brooks County, TX into locality pay areas.

2023 FEHB Open Season Dates Announced

FedSmith.com author Ian SmithBy Ian SmithSep 8, 2022 10:45 AM | Updated: Dec 8, 2022 7:34 AM Categories Pay & Benefits Leave a comment

OPM has announced the 2022 FEHB Open Season dates and provided some general information for federal employees.

Seeking Accountability: Fallout from TSP Website Problems

FedSmith.com author Ralph R. SmithBy Ralph R. SmithSep 7, 2022 12:23 PM Categories Pay & Benefits Leave a comment

TSP website problems have led to an upcoming GAO investigation and a bill to create an Inspector General at the agency.

TSP Performance Continues to Suffer: One Core Fund Down 22% This Year

FedSmith.com author Ralph R. SmithBy Ralph R. SmithSep 1, 2022 8:15 AM Categories Pay & Benefits Leave a comment

August TSP fund performance reflects the abysmal performance of the stock market in 2022. Other than the G Fund, all TSP Funds went down in August.

Biden Issues Alternative Pay Letter for 2023 Federal Pay Raise: Average 4.6% Raise

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAug 31, 2022 3:16 PM | Updated: Aug 18, 2024 11:22 AM Categories Pay & Benefits Leave a comment

President Biden has issued the letter outlining his alternative pay plan of a 4.6% average increase for the 2023 federal pay raise.

Lawmakers Want FEHB to Cover Infertility Treatment

FedSmith.com author Ian SmithBy Ian SmithAug 30, 2022 2:56 PM Categories Pay & Benefits Leave a comment

A group of Democrats in the House and Senate want OPM to add coverage for infertility treatment to the FEHB.

All TSP Funds Still Down in 2022: One Fund Down 19.40%

FedSmith.com author Ralph R. SmithBy Ralph R. SmithAug 25, 2022 7:15 AM Categories Pay & Benefits Leave a comment

TSP stock funds are still down for the year with very slight gains for three funds in August.

What Went Wrong With the TSP Website Migration?

FedSmith.com author Ian SmithBy Ian SmithAug 24, 2022 1:16 PM Categories Pay & Benefits Leave a comment

The latest monthly TSP meeting provided important updates on the problems that plagued the launch of the new TSP website.

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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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