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Pay & Benefits

If it impacts pay and benefits for federal employees, you’ll find it here. Topics include TSP, FEHB, or pay raises for federal workers.

Changes in Various 2022 Federal Pay Rates for Federal Employees

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJanuary 4, 2022 9:14 AM Categories Pay & Benefits Leave a comment

President Biden’s Executive Order on the 2022 federal pay raise impacts a number of federal employee pay schedules.

Great TSP Returns for 2021: Best Performance is 28.68% for One Fund

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJanuary 1, 2022 10:53 AM Categories Pay & Benefits Leave a comment
Vertical stacks of coins growing in size from left to right with a green plant growing out of the top of each depicting a pay raise/investment growth/wealth

The TSP’s performance in 2021 was excellent, and federal employees should be pleased when they see the results for December and for all of 2021.

Using the Locality Pay System to Your Financial Advantage

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 28, 2021 7:48 AM Categories Pay & Benefits Leave a comment

Locality pay areas give some federal employees an option to greatly increase their disposable income. Here is the complete list of 2022 pay raises by locality.

2022 Locality Pay: Winners and Losers

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 27, 2021 12:07 PM Categories Pay & Benefits Leave a comment

Which locality pay areas received the highest—and lowest—pay raise in 2022? Here is the list.

President Issues Executive Order Finalizing 2022 Federal Pay Raise

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 22, 2021 5:18 PM Categories Pay & Benefits Leave a comment

President Biden has issued an Executive Order implementing an average federal employee pay raise of 2.7% effective January 1, 2022.

2022 Federal Holidays

FedSmith.com author Ian SmithBy Ian SmithDecember 21, 2021 12:15 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. SmithDecember 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. SmithDecember 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. SmithDecember 10, 2021 9:51 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 SmithDecember 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.

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Daily TSP Rates

June 27, 2022

Fund Last % YTD
G Fund $16.9244 +0.02% +1.12%
F Fund $18.5924 -0.35% -10.98%
C Fund $59.3180 -0.29% -17.55%
S Fund $62.7862 -0.11% -24.75%
I Fund $32.5400 -0.09% -17.50%
L Income $22.4757 -0.05% -4.30%
L 2025 $11.2661 -0.09% -8.01%
L 2030 $38.5536 -0.13% -11.52%
L 2035 $11.4511 -0.15% -12.74%
L 2040 $42.8803 -0.16% -13.89%
L 2045 $11.6316 -0.18% -14.93%
L 2050 $25.2591 -0.19% -15.87%
L 2055 $12.1492 -0.20% -18.37%
L 2060 $12.1482 -0.20% -18.37%
L 2065 $12.1470 -0.20% -18.38%
Get detailed TSP data at TSPDataCenter.com

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