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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.

2022 Federal Holidays

FedSmith.com author Ian SmithBy Ian SmithDec 22, 2021 1:15 PM | Updated: Dec 2, 2022 4:33 PM Categories Pay & Benefits Leave a comment

What paid holidays can federal employees expect in 2022?

Pay Agent Adding to Locality Pay—Lays Groundwork for Higher Pay in 2023

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDec 19, 2021 12:01 PM Categories Pay & Benefits Leave a comment

The President’s Pay Agent has issued its annual report on locality pay and adds one county in Illinois into the locality pay system.

TSP Returns in 2021: One Fund Soaring Almost 26%

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDec 17, 2021 11:46 AM Categories Pay & Benefits Leave a comment

One TSP Fund has provided a return of 25.99% so far in 2021. This fund is up 2.29% so far in December. One core TSP Fund has a negative return in 2021.

Inflation Soars Again: Value of 2022 Federal Pay Raise and COLA Going Down

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDec 10, 2021 9:51 AM | Updated: Apr 12, 2022 11:52 AM Categories Pay & Benefits Leave a comment

Inflation is soaring. The 2022 COLA will be 5.9%. Inflation is now at 7.6% over 12 months per the CPI-W and the 2022 federal pay raise is projected at 2.7%.

Additional Paid Leave Benefit May Be Coming for Federal Employees

FedSmith.com author Ian SmithBy Ian SmithDec 9, 2021 12:21 PM Categories Pay & Benefits Leave a comment

Federal employees may soon have another leave benefit at their disposal: paid parental bereavement leave.

What Impact Does the Continuing Resolution Have on the 2022 Federal Pay Raise?

FedSmith.com author Ian SmithBy Ian SmithDec 8, 2021 4:15 PM Categories Q&A, Pay & Benefits Leave a comment

Will the continuing resolution have an impact on the 2022 federal pay raise for federal employees?

TSP Releases 2021 Year-End Processing Schedule

FedSmith.com author Ian SmithBy Ian SmithDec 2, 2021 7:44 AM Categories Pay & Benefits Leave a comment

The TSP has provided the 2021 year-end processing schedule for plan participants.

Government Shutdown: New Law Federal Employees Need to Know

By Daniel Pope and Debra D'AgostinoDec 1, 2021 2:13 PM Categories Pay & Benefits Leave a comment

The possibility of another government shutdown again looms for federal employees. What does this mean for their pay and benefits?

November TSP Performance Stumbles: One Fund Still Up About 28% in 2021

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDec 1, 2021 9:49 AM | Updated: Apr 2, 2022 3:44 PM Categories Pay & Benefits Leave a comment

The TSP’s performance in November slipped. Two TSP funds were up for the month and one TSP fund is still up almost 28% for the year.

Consider Joining High-Deductible Health Plans this FEHB Open Season

FedSmith.com author Kevin MossBy Kevin MossNov 30, 2021 7:15 AM Categories Pay & Benefits Leave a comment

High-deductible FEHB plans can help federal employees save money on their insurance premiums. These are the types of plans available and how they work.

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Daily TSP Performance

April 30, 2026

Fund Last % YTD
G Fund $19.8633 +0.01% +1.41%
F Fund $20.9159 +0.11% +0.16%
C Fund $115.7553 +1.03% +5.70%
S Fund $109.0550 +1.86% +8.61%
I Fund $61.6621 +1.77% +11.12%
L Income $30.1832 +0.40% +3.21%
L 2030 $61.0033 +0.78% +5.00%
L 2035 $18.6908 +0.93% +5.72%
L 2040 $71.9167 +1.01% +6.09%
L 2045 $19.9594 +1.08% +6.42%
L 2050 $44.3528 +1.15% +6.74%
L 2055 $23.1318 +1.38% +7.95%
L 2060 $23.1290 +1.38% +7.94%
L 2065 $23.1261 +1.38% +7.94%
L 2070 $13.7064 +1.38% +7.94%
L 2075 $11.9726 +1.38% +7.94%
Get detailed TSP data at TSPDataCenter.com

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