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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.

Senate Bill Would Give Federal Employees a 3.2% Raise in 2022

FedSmith.com author Ian SmithBy Ian SmithMar 5, 2021 12:12 PM Categories Pay & Benefits Leave a comment

A Senate bill would give federal employees a higher raise in 2022 than they might otherwise normally receive.

What Happens to My TSP When I Die?

By Brandon ChristyMar 4, 2021 11:31 AM Categories Pay & Benefits Leave a comment

How is your TSP account handled after you pass away? Filling out this one form is very important to ensure it is handled according to your wishes.

One TSP Fund Up Over 56% in 12 Months

FedSmith.com author Ralph R. SmithBy Ralph R. SmithFeb 28, 2021 8:30 AM | Updated: Mar 1, 2021 12:49 PM Categories Pay & Benefits Leave a comment

One TSP Fund has provided investors with a return of more than 56% over the past 12 months. That should help provide financial security in retirement!

2021 Tax Planning Checklist

FedSmith.com author Thiago GliegerBy Thiago GliegerFeb 24, 2021 8:17 AM Categories Pay & Benefits Leave a comment

These are some important considerations in doing tax planning for 2021.

All TSP Funds (Except One) Up in 2021

FedSmith.com author Ralph R. SmithBy Ralph R. SmithFeb 23, 2021 12:36 PM Categories Pay & Benefits Leave a comment

Most TSP funds have positive returns so far in 2021. Several lifecycle funds are ahead by more than 4% so far this year.

Defense Wins Championships. So Do Emergency Funds

FedSmith.com author Anthony BucciBy Anthony BucciFeb 22, 2021 8:17 AM Categories Pay & Benefits Leave a comment

A good defense is just as important as a good offense, and as the author illustrates, this applies to personal finance as well as football.

Celebrating George Washington’s Birthday

FedSmith.com author Ralph R. SmithBy Ralph R. SmithFeb 15, 2021 9:25 AM Categories Pay & Benefits Leave a comment

Monday is a holiday: “[T]o insure a minimum of five regularly recurring 3-day weekends each year for Federal employees.” Here is how this holiday evolved.

House Ups the Ante on Paid Leave for Federal Employees

FedSmith.com author Ian SmithBy Ian SmithFeb 11, 2021 10:26 AM | Updated: Mar 12, 2021 12:58 PM Categories Pay & Benefits Leave a comment

Legislation in the House would give federal employees up to 15 weeks of paid emergency leave for dealing with COVID-19.

How Can Locality Pay Be Smaller than a COLA?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithFeb 10, 2021 3:47 PM | Updated: Apr 16, 2021 12:50 PM Categories Pay & Benefits Leave a comment

Locality pay is determined using a complex system of comparing federal and private sector pay. It is not a COLA.

Why Do We Hate Talking About Money?

FedSmith.com author Anthony BucciBy Anthony BucciFeb 10, 2021 10:24 AM Categories Pay & Benefits Leave a comment

The author looks at reasons why he says people are likely reluctant to talk about money.

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Daily TSP Performance

May 1, 2026

Fund Last % YTD
G Fund $19.8657 +0.01% +1.42%
F Fund $20.9401 +0.12% +0.28%
C Fund $116.0963 +0.29% +6.01%
S Fund $109.4965 +0.40% +9.05%
I Fund $61.5532 -0.18% +10.92%
L Income $30.1996 +0.05% +3.27%
L 2030 $61.0590 +0.09% +5.10%
L 2035 $18.7105 +0.11% +5.83%
L 2040 $71.9984 +0.11% +6.21%
L 2045 $19.9834 +0.12% +6.54%
L 2050 $44.4091 +0.13% +6.88%
L 2055 $23.1647 +0.14% +8.10%
L 2060 $23.1620 +0.14% +8.10%
L 2065 $23.1591 +0.14% +8.10%
L 2070 $13.7260 +0.14% +8.10%
L 2075 $11.9897 +0.14% +8.10%
Get detailed TSP data at TSPDataCenter.com

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