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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.

Why is Another Pay Freeze Being Proposed?

FedSmith.com author Ian SmithBy Ian SmithMar 27, 2019 8:44 AM Categories Pay & Benefits Leave a comment

OMB’s acting director explained the rationale behind proposing another pay freeze in 2020 at a recent Congressional hearing.

How Federal Employees Can Avoid Overpaying for Life Insurance

FedSmith.com author Neal ThompsonBy Neal ThompsonMar 26, 2019 3:17 PM | Updated: Aug 16, 2020 5:21 PM Categories Pay & Benefits Leave a comment

How can you avoid overpaying for life insurance as a federal employee?

Senators Don’t Want Veterans to Pay for VA’s Benefits Errors

FedSmith.com author Ian SmithBy Ian SmithMar 25, 2019 11:04 AM | Updated: Apr 4, 2019 10:28 AM Categories Pay & Benefits Leave a comment

Legislation has been reintroduced that would shield veterans from having to pay back benefits they received as a result of the VA’s errors.

What Impact Did the Shutdown Have on ‘Use or Lose’ Annual Leave Donations?

FedSmith.com author Ian SmithBy Ian SmithMar 22, 2019 2:14 PM | Updated: Apr 5, 2019 9:37 AM Categories Pay & Benefits Leave a comment

OPM has issued guidance on how “use or lose” annual leave donations will be handled as a result of the recent shutdown.

Legislation Reintroduced to Provide Tax Break to Some Federal Employees

FedSmith.com author Ian SmithBy Ian SmithMar 21, 2019 10:49 AM | Updated: Apr 1, 2019 8:52 PM Categories Pay & Benefits Leave a comment

Another effort is being made to provide a tax break to some federal employees who are reimbursed by the government for their relocation costs.

2019 Retroactive Pay Raise is Almost Here

FedSmith.com author Ian SmithBy Ian SmithMar 20, 2019 5:17 PM Categories Pay & Benefits Leave a comment

What is taking the pay raise so long to arrive? OPM’s director provides an explanation.

Report on Government Waste Targets Step Increases, SRS

FedSmith.com author Ian SmithBy Ian SmithMar 20, 2019 10:17 AM Categories Pay & Benefits Leave a comment

A report that targets wasteful government spending includes some pay and benefits for federal workers among its examples.

New Pay Systems Proposed for Some Federal Jobs

FedSmith.com author Ralph R. SmithBy Ralph R. SmithMar 19, 2019 2:33 PM | Updated: May 26, 2019 11:28 AM Categories Pay & Benefits Leave a comment

The President’s Management Agenda calls for action to establish special occupational pay systems for some federal jobs.

Details Revealed on Proposed Benefits Cuts

FedSmith.com author Ian SmithBy Ian SmithMar 18, 2019 1:19 PM | Updated: Mar 28, 2019 11:29 AM Categories Pay & Benefits, Retirement Leave a comment

More details have been revealed about the suggested cuts to federal employees’ benefits along with the rationale for the proposals.

Lawmakers Continue Pushing Back Pay for Federal Contractors

FedSmith.com author Ian SmithBy Ian SmithMar 15, 2019 2:53 PM | Updated: Mar 25, 2019 4:09 PM Categories Pay & Benefits Leave a comment

A group of House lawmakers are still working to secure back pay for federal contractors from the recent government shutdown.

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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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