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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.

October TSP Performance Up; Two Core Funds Up 8%+

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: November 1, 2022 11:19 AM Categories Federal Employee Pay News Leave a comment

The TSP performance in October 2022 was up significantly with returns for some TSP funds above 8%.

2023 FEHB Plans With Higher Self Plus One Premiums Than Family Option

FedSmith.com author Ian SmithBy Ian SmithUpdated: November 1, 2022 2:25 PM Categories Federal Employee Pay News Leave a comment

Some 2023 FEHB plans have higher premiums for the Self Plus One option than the Self and Family option.

Federal Employee Salaries Average $143,643 in Total Compensation

FedSmith.com author Ralph R. SmithBy Ralph R. SmithOctober 28, 2022 10:37 AM Categories Federal Employee Pay News Leave a comment

Federal employee salaries often do not include the value of federal benefits. A recent analysis looks at federal benefits as well as salaries.

FRTIB Provides Update on New TSP Website and Converge System

FedSmith.com author Ian SmithBy Ian SmithOctober 27, 2022 1:37 PM Categories Federal Employee Pay News Leave a comment

Major changes were implemented at the TSP this year, but they came with some problems. Here is where things stand as of October.

How Not to Lose Your FEHB in Retirement

FedSmith.com author Dallen HawsBy Dallen HawsOctober 27, 2022 10:26 AM Categories Federal Employee Retirement, Federal Employee Pay News Leave a comment

Federal employees can lose FEHB coverage in retirement unless they meet certain criteria.

Is the TSP Really Cheap?

FedSmith.com author Brad BobbBy Brad BobbOctober 26, 2022 2:51 PM Categories Federal Employee Pay News Leave a comment

How do the TSP fund expenses compare to comparable funds outside of the TSP?

What is Driving the 2023 FEHB Premium Increases?

FedSmith.com author Ian SmithBy Ian SmithOctober 26, 2022 9:08 AM Categories Federal Employee Pay News Leave a comment

OPM has provided more details about the 2023 FEHB premium increases and what is driving them.

The Stock Market is Down in 2022; How Are TSP Participants Responding?

FedSmith.com author Ian SmithBy Ian SmithUpdated: October 28, 2022 4:32 PM Categories Federal Employee Pay News Leave a comment

Although TSP fund performance is down sharply in 2022, the majority of TSP participants appear to be staying the course with their investing.

Enhanced Gender Affirming Care Will Be Available in 2023 FEHB Plans

FedSmith.com author Ian SmithBy Ian SmithOctober 20, 2022 2:07 PM Categories Federal Employee Pay News Leave a comment

OPM said that 2023 FEHB plans will provide a number of “enhanced benefit offerings” in areas such as gender dysphoria and Assisted Reproductive Technology.

4.1% Differential Between 2023 Pay Raise, COLA

FedSmith.com author Ralph R. SmithBy Ralph R. SmithOctober 19, 2022 8:11 AM Categories Federal Employee Pay News, Federal Employee Retirement Leave a comment

Inflation has been rising fast, and the 2023 COLA was just announced. Even with a projected 2023 pay raise of 4.6%, purchasing power is declining fast.

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Daily TSP Performance

June 2, 2023

Fund Last % YTD
G Fund $17.5127 +0.01% +1.61%
F Fund $18.6319 -0.50% +2.33%
C Fund $66.1783 +1.46% +12.35%
S Fund $66.5917 +2.98% +8.23%
I Fund $37.4047 +1.13% +10.20%
L Income $23.7645 +0.36% +4.00%
L 2025 $12.0285 +0.56% +5.29%
L 2030 $41.9642 +0.91% +7.39%
L 2035 $12.5157 +0.99% +7.95%
L 2040 $47.0634 +1.08% +8.50%
L 2045 $12.8092 +1.16% +8.98%
L 2050 $27.9149 +1.24% +9.45%
L 2055 $13.6154 +1.54% +11.03%
L 2060 $13.6139 +1.54% +11.03%
L 2065 $13.6123 +1.54% +11.03%
Get detailed TSP data at TSPDataCenter.com

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