Pay & Benefits
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.
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
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.
Pay & Benefits
TSP Performance Improves in July; Update on New TSP Website
The G Fund now the most popular TSP fund. TSP returns in July are up and FRTIB anticipates call center activity will return to normal by mid to…
Pay & Benefits
Top TSP Mistakes During Bear Markets
Federal employees should avoid making these mistakes with their TSP accounts during bear markets.
Pay & Benefits
Health Exams and Preventive Visits: Critical Components of a Retirement Plan
When was the last time you went to the doctor? Federal employees have benefits available to them to help them maintain their overall health.
Pay & Benefits
Top 10 Highest Paying Federal Agencies in 2021
What federal agencies had the highest average federal employee salaries in fiscal year 2021?
Pay & Benefits
2023 Federal Pay Raise Takes Another Small Step Forward
A key spending bill makes another case for a 4.6% 2023 federal pay raise.
Pay & Benefits
Some Federal Employees Could Get Inflation Bonus in 2023
A draft bill in Congress is proposing paying some federal employees a 2023 inflation bonus to help offset rapidly rising inflation.
Pay & Benefits
Most FedSmith Readers Reported Fewer Problems Using New TSP Website
Despite a tumultuous launch, responses from FedSmith readers to our latest survey indicate they are having fewer problems using the new TSP website.
Pay & Benefits
The Quickest Way to Kill Your TSP
The stock market is down, and many federal employees have seen their TSP savings go down with it. Should they put the money to use elsewhere?