Number of TSP Millionaires Hits Record High in 2023
The stock market rally in 2023 led to a record setting increase in the number of TSP millionaires.
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
The stock market rally in 2023 led to a record setting increase in the number of TSP millionaires.
L Fund investments are increasing in the TSP. CSRS participation is declining as these investors age. More federal employees now getting the full match.
This colorful chart is a visual aid to help federal employees diversify their TSP investments for retirement.
The average federal salary now tops $100,000—not including the 5.25% average pay raise in 2024. Most federal employees are now in a locality pay area.
With the 2024 federal pay raise in mind, which administration gave federal employees a total raise of 0.96%? Which one awarded 33.2% in total raises?
Is the TSP the best investment vehicle for federal employees to use? These are some considerations.
The TSP has released some important notices for tax planning purposes.
Political wrangling over serious problems could lead to a government shutdown. The 2024 federal employee pay raise could emerge as an issue with spiraling debt limiting options.
The number of locality pay areas has increased 63% since 2015. How many federal employees are in a locality pay area, and what is the total cost of locality pay?
Is FEGLI the best life insurance option for federal employees? These are some considerations.