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Omnibus Spending Bill: Hidden Requirements Impacting Federal Employees

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: January 10, 2023 3:25 PM Categories Current Events Leave a comment
US flag waving with an image of a $100 bill blended into it

The 2023 Omnibus Spending Bill that passed is more than 4000 pages long. Embedded are numerous requirements federal agencies must follow. Here are a few of them.

When Will Federal Retirees See the 2023 COLA in Their Annuity Payments?

FedSmith.com author Ian SmithBy Ian SmithJanuary 7, 2023 7:33 AM Categories Federal Employee Retirement Leave a comment

The 2023 COLA is the largest in over 40 years. When will federal retirees get the increased payments?

OPM Retirement Backlog Shows How Many Federal Employees Retired in 2022

FedSmith.com author Ian SmithBy Ian SmithUpdated: January 10, 2023 4:27 PM Categories Federal Employee Retirement Leave a comment
Line graph showing the progression of the OPM retirement backlog in 2022

The OPM retirement backlog was reduced by nearly 10% in December 2022. It also shows how many federal employees retired during the year.

Organizational Proficiency: Lead More, Suck Less

By Brian CanningJanuary 5, 2023 9:44 AM Categories Leadership Leave a comment

Good leadership is a challenge and often something people avoid, but it is vital to the success of an organization.

Pay Compression, Pay Caps Impacting Federal Employees Frozen at $183,500

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJanuary 4, 2023 8:07 AM Categories Federal Employee Pay News Leave a comment
Hundred dollar bills in ice signifying a pay freeze

Pay compression and the pay freeze now impact senior federal employees in 31 GS locality pay areas.

Federal Employees Are Now Banned From Using TikTok

FedSmith.com author Ian SmithBy Ian SmithUpdated: January 3, 2023 12:12 PM Categories Current Events Leave a comment
Smartphone on a wireless charge displaying the TikTok logo on its screen

A provision inside of the 2023 omnibus spending bill will prohibit federal employees from using TikTok on government issued devices.

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.

Biden Signs $1.7 Trillion Spending Bill Ending Possibility of Shutdown

December 30, 2022 7:44 AM Tags Government Shutdown Leave a comment

Arrangements were made for President Biden to sign a $1,700,000,000,000 omnibus spending bill while on vacation in St. Croix to fund the federal government for the remainder of the 2023 fiscal year, ending the possibility of a partial government shutdown on December 30.

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Daily TSP Rates

January 26, 2023

Fund Last % YTD
G Fund $17.2841 +0.01% +0.28%
F Fund $18.7937 -0.23% +3.22%
C Fund $62.3466 +1.11% +5.84%
S Fund $67.0875 +1.05% +9.03%
I Fund $36.9121 +0.11% +8.75%
L Income $23.3385 +0.18% +2.13%
L 2025 $11.7801 +0.28% +3.12%
L 2030 $40.8907 +0.44% +4.65%
L 2035 $12.1835 +0.48% +5.09%
L 2040 $45.7646 +0.52% +5.51%
L 2045 $12.4458 +0.56% +5.89%
L 2050 $27.0971 +0.60% +6.24%
L 2055 $13.1536 +0.74% +7.26%
L 2060 $13.1524 +0.74% +7.26%
L 2065 $13.1510 +0.74% +7.27%
Get detailed TSP data at TSPDataCenter.com

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