Despite Rising 2022 Inflation, FY 2023 Per Diem Rates See Little Change
GSA has released the FY 2023 per diem rates.
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.
Federal Salary Council Adopts “Pro-labor Recommendations” to Raise Pay for Upwards of 30,000 Federal Employees
The Federal Salary Council is recommending changes to raise pay for “tens of thousands” of federal employees.
TSP Investments in China: No TSP for the CCP?
Chinese investments through the TSP mutual fund window are creating political controversy and national security concerns.
FSC Says Federal Employee Pay Disparity Now at 22.47%
The Federal Salary Council said that federal employees are underpaid by an average of over 20%. Does this mean you should expect a pay raise of this size?
Number of TSP Millionaires Going Down: 36% Drop From Highest Point
The number of TSP millionaires continues to drop in the midst of the highest inflation rates in 40 years. Here is the latest number as of the end of June 2022.
Average Federal Salary by Year, Gender, and Race: 2017 – 2021
How much has the average federal salary increased in recent years? Which race or gender had the highest average salary in 2021?
How to Use the G Fund in Bear Markets
Federal employees frequently move into the G Fund in their TSP accounts during bear markets. Do you really know how to use this unique TSP fund?
July is Best Month for TSP Performance Since Trump Administration: One Fund Up 10.32%
TSP performance in July was a bright spot in a dismal year for TSP fund returns. One TSP Fund was up 10.32% for the month but is still down for the year.
4.6% 2023 Pay Raise Moves Along and Senate Action on Pay Freeze
The 2023 pay raise is moving and still at 4.6%. Action is also taking place in the Senate on removing the long pay freeze for some senior officials.
Lawmakers Want GAO Investigation of TSP Over Website Problems
A group of House Democrats have requested a GAO investigation into problems stemming from the rollout of the new TSP website.
