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Federal Employee Pay News

Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Topics include TSP, FEHB, or 2023 federal pay raise, 2023 GS locality pay, 2023 GS pay scale, OPM and GS pay news.

TSP Releases 2022 Year End Processing Schedule

FedSmith.com author Ian SmithBy Ian SmithDecember 11, 2022 1:45 PM Categories Federal Employee Pay News Leave a comment

The TSP has released its 2022 end-of-year processing schedule.

2023 Locality Pay Report Proposes Changes Increasing Pay for About 16,000 Federal Employees

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 9, 2022 1:24 PM Categories Federal Employee Pay News Leave a comment
Stacks of coins increasing in size set against a city skyline in the background depicting locality pay

A 2023 locality pay report recommends changes that would increase pay for about 16,000 federal employees if adopted.

Last-Minute Ways to Save On Your 2023 FEHB Premiums

FedSmith.com author Kevin MossBy Kevin MossDecember 8, 2022 8:31 AM Categories Federal Employee Pay News Leave a comment

These are some ways federal employees can save on their 2023 FEHB premiums.

Estimated 2023 GS Pay Scale for Federal Employees

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 5, 2022 10:16 AM Categories Federal Employee Pay News Leave a comment

What will federal employee pay be in 2023? Here is an estimate of the 2023 GS pay scale for each GS grade and step. Final figures will be out later this month.

2023 Federal Employee Pay: Changes in Two 2023 GS Locality Pay Areas

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 4, 2022 4:25 PM Categories Federal Employee Pay News Leave a comment

There will be changes to a couple of 2023 GS locality pay areas.

Federal Employees’ Pay Satisfaction on the Decline

FedSmith.com author Ian SmithBy Ian SmithUpdated: December 2, 2022 12:43 PM Categories Federal Employee Pay News Leave a comment
Businessman holding a happy face drawn on yellow cardboard in front of his face while holding a frowning face on yellow cardboard in his other hand held at a lower height

The 2022 FEVS results indicate that federal employees are becoming increasingly dissatisfied with their pay.

TSP Performance Jumps for 2nd Straight Month

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 1, 2022 4:31 PM Categories Federal Employee Pay News Leave a comment

TSP performance for the stock funds in November was up significantly. Here are the November 2022 monthly TSP returns and how these funds are performing so far this year.

How is the Annual Federal Employee Pay Raise Determined? What You Need to Know

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 1, 2022 7:40 AM Categories Federal Employee Pay News Leave a comment
Four separate vertical stacks of coins growing in size from left to right pictured next to a white piggy bank on a wooden surface

How is the annual federal employee pay raise determined for the upcoming year?

When Should You Get Rid of FEGLI?

FedSmith.com author Dallen HawsBy Dallen HawsNovember 30, 2022 9:20 AM Categories Federal Employee Pay News Leave a comment

When does it make sense for federal employees to drop FEGLI coverage?

Top Reasons to Contribute to an HSA

FedSmith.com author Brad BobbBy Brad BobbNovember 29, 2022 7:15 AM Categories Federal Employee Pay News Leave a comment

These are some of the advantages of contributing to an HSA.

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Daily TSP Performance

June 9, 2023

Fund Last % YTD
G Fund $17.5258 +0.01% +1.69%
F Fund $18.6042 -0.20% +2.18%
C Fund $66.4473 +0.12% +12.81%
S Fund $67.3718 -0.54% +9.49%
I Fund $37.5563 -0.05% +10.65%
L Income $23.8042 -0.01% +4.17%
L 2025 $12.0551 -0.02% +5.53%
L 2030 $42.0986 -0.03% +7.74%
L 2035 $12.5588 -0.03% +8.32%
L 2040 $47.2378 -0.04% +8.91%
L 2045 $12.8596 -0.04% +9.41%
L 2050 $28.0313 -0.04% +9.91%
L 2055 $13.6848 -0.04% +11.59%
L 2060 $13.6834 -0.04% +11.59%
L 2065 $13.6817 -0.04% +11.59%
Get detailed TSP data at TSPDataCenter.com

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