October TSP Performance Up; Two Core Funds Up 8%+
The TSP performance in October 2022 was up significantly with returns for some TSP funds above 8%.
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.
The TSP performance in October 2022 was up significantly with returns for some TSP funds above 8%.
Some 2023 FEHB plans have higher premiums for the Self Plus One option than the Self and Family option.
Federal employee salaries often do not include the value of federal benefits. A recent analysis looks at federal benefits as well as salaries.
Major changes were implemented at the TSP this year, but they came with some problems. Here is where things stand as of October.
Federal employees can lose FEHB coverage in retirement unless they meet certain criteria.
How do the TSP fund expenses compare to comparable funds outside of the TSP?
OPM has provided more details about the 2023 FEHB premium increases and what is driving them.
Although TSP fund performance is down sharply in 2022, the majority of TSP participants appear to be staying the course with their investing.
OPM said that 2023 FEHB plans will provide a number of “enhanced benefit offerings” in areas such as gender dysphoria and Assisted Reproductive Technology.
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.