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Dr. Anthony Fauci Retiring With Large Annuity, Still Facing Criticism Over Performance at NIAID

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJanuary 2, 2023 10:54 AM Categories Current Events Leave a comment

Dr. Anthony Fauci previously announced his retirement by the end of December. He will retire with a substantial net worth, a large retirement package, and facing more criticism over his tenure as a federal employee.

Dismal 2022 TSP Performance: One Fund Down 26% for the Year

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: January 4, 2023 11:28 AM Categories Federal Employee Pay News, Federal Employee Retirement Leave a comment
Businessman standing on a falling financial chart as he looks off to the right towards the future

2022 TSP fund performance was dismal. One TSP stock fund was down 26%. What happened after the last significant yearly loss?

2022 in Review: 2023 Federal Pay Raise, Federal Employee Vaccine Mandate and More

FedSmith.com author Ian SmithBy Ian SmithDecember 30, 2022 10:12 AM Categories Current Events Leave a comment

Historic inflation, COLA, pay raise and problems related to the TSP website: a recap of 2022 for federal employees.

IRS Increases Business Mileage Rate for 2023

FedSmith.com author Ian SmithBy Ian SmithUpdated: December 30, 2022 3:17 PM Categories Current Events Leave a comment

The IRS has increased the vehicle mileage rate for 2023 by 3 cents over the 2022 figure.

Value of GS Locality Pay? In One Example, 53% Increase Over “Rest of the U.S.”

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 29, 2022 10:37 AM Categories Federal Employee Pay News Leave a comment
Two stacks of cash on the ends of an evenly balanced balance beam; the stack on the left is smaller than the one on the right

What is the value of joining a GS locality pay area? In this sample, one pay area had a 53% increase over the Rest of the U.S. in one step for a GS 12.

It May Be Time to Explore Short-Term Care Insurance

FedSmith.com author Francis Xavier (FX) BergmeisterBy Francis Xavier (FX) BergmeisterDecember 28, 2022 9:18 AM Categories Federal Employee Retirement Leave a comment

Short-Term Care insurance can be an alternative to Long-Term Care or it can augment it.


Federal Employee at SSA Accused of Money Laundering

FedSmith.com author Ian SmithBy Ian SmithDecember 27, 2022 3:46 PM Categories Court Cases Leave a comment

A federal employee at the Social Security Administration is facing allegations that he created fake children to steal benefits of actual deceased individuals.

FLRA Likely to Impose Restrictions on Canceling Payment of Union Dues in 2023

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 27, 2022 11:42 AM Categories Human Resources Leave a comment

The FLRA is proposing to reinstitute restrictions on when union dues payments can be canceled by a federal employee.

2023 Federal Pay Raise and 2023 GS Pay Scale Finalized

FedSmith.com author Ian SmithBy Ian SmithDecember 23, 2022 2:49 PM Categories Federal Employee Pay News Leave a comment
Image of road sign with words 'pay raise just ahead'

President Biden has issued an Executive Order finalizing the 2023 federal pay raise as well as the 2023 GS pay scale tables.

2023 GS Locality Pay Tables Published: Here are Localities with Highest and Lowest Pay Increases

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 23, 2022 2:47 PM Categories Federal Employee Pay News Leave a comment
Illustration of bags and piles of money growing in size from left to right with a rising trend line arrow above them depicting growing savings/wealth for retirement

Here are the 2023 GS locality pay areas with the highest and lowest total pay increases for 2023.

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Daily TSP Performance

March 20, 2023

Fund Last % YTD
G Fund $17.3808 +0.03% +0.84%
F Fund $18.6769 -0.48% +2.58%
C Fund $60.8596 +0.89% +3.32%
S Fund $62.3656 +0.93% +1.36%
I Fund $35.1497 +1.25% +3.56%
L Income $23.2062 +0.25% +1.56%
L 2025 $11.6407 +0.38% +1.90%
L 2030 $40.0180 +0.59% +2.41%
L 2035 $11.8905 +0.65% +2.56%
L 2040 $44.5436 +0.70% +2.69%
L 2045 $12.0844 +0.75% +2.81%
L 2050 $26.2495 +0.80% +2.92%
L 2055 $12.6524 +1.01% +3.17%
L 2060 $12.6512 +1.01% +3.18%
L 2065 $12.6497 +1.01% +3.18%
Get detailed TSP data at TSPDataCenter.com

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