Biden Issues Alternative Pay Letter for 2022 Pay Raise
President Biden has released an alternative pay plan for the 2022 pay raise for federal employees. Here are the details.
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.
TSP High in Investor Satisfaction (Leading Fund Up 20% This Year)
One TSP fund is up more than 20% so far in 2021. Investor satisfaction with the TSP is high and one outside analyst offers a defense and praise of the TSP.
Do You Really Understand Your TSP Investments?
How well do you understand the fund options in the TSP? Here is a basic overview.
2022 Pay Raise: What Happens Next?
A significant step in the 2022 pay raise for federal employees is coming up by the end of August. Will it be 2.7% as widely predicted?
GSA Freezes 2022 Lodging Per Diem Rates Due to COVID
The FY 2022 per diem rates have been released. While some have changed, the lodging rates are frozen as a result of the pandemic.
Common Mistakes on Agency Pension Estimates
Pension estimate forms are important for retirement planning, but it’s important to verify they do not contain any of these common mistakes.
FedSmith Readers Opposed to the Upcoming TSP Mutual Fund Window
A majority of our readers indicated they are not keen on the new TSP mutual fund window. Here are the results of our recent survey on the topic.
Federal Pay Raise 2013-2021: 13.1%. Actual Increase: 18.1% (DC Increase: 21%)
Federal pay raises granted over 8 years totaled 13.1%, however, the actual average salary went up 18.6%. In DC, the average salary went up 21%.
How to Tackle Student Debt for Mid-Career Federal Employees
What are some ways that federal employees in the middle of their careers can address their student loan debts?
2022 COLA: Why Are FERS and CSRS Different?
The 2022 COLA will be significant but lower for FERS than for CSRS. Here are the differences and an explanation for the differences.
