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OPM Issues Guidance on Implementing $15 Minimum Wage for Federal Employees

FedSmith.com author Ian SmithBy Ian SmithJanuary 21, 2022 11:48 AM Categories Pay & Benefits Leave a comment

Some federal employees will be getting a pay increase per guidance from OPM directing agencies to institute a new $15 per hour minimum wage.

Changes in Various 2022 Federal Pay Rates for Federal Employees

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJanuary 4, 2022 9:14 AM Categories Pay & Benefits Leave a comment

President Biden’s Executive Order on the 2022 federal pay raise impacts a number of federal employee pay schedules.

Using the Locality Pay System to Your Financial Advantage

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 28, 2021 7:48 AM Categories Pay & Benefits Leave a comment

Locality pay areas give some federal employees an option to greatly increase their disposable income. Here is the complete list of 2022 pay raises by locality.

2022 Locality Pay: Winners and Losers

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: December 27, 2021 12:07 PM Categories Pay & Benefits Leave a comment

Which locality pay areas received the highest—and lowest—pay raise in 2022? Here is the list.

Pay Agent Adding to Locality Pay—Lays Groundwork for Higher Pay in 2023

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 19, 2021 12:01 PM Categories Pay & Benefits Leave a comment

The President’s Pay Agent has issued its annual report on locality pay and adds one county in Illinois into the locality pay system.

Performance-Based Actions: How Much Is Too Much?

FedSmith.com author Robbie KunreutherBy Robbie KunreutherJuly 6, 2021 8:44 AM Categories Human Resources Leave a comment

In what situations is the disciplinary process the best route to take for employees who aren’t performing?

Cabinet Agencies with Highest Average Salary ($127,533) and Lowest ($76,955)

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJune 9, 2021 6:35 AM Categories Human Resources Leave a comment

Which federal cabinet-level agencies have the highest and lowest average salary?

How is the Annual Federal Employee Pay Raise Determined? What You Need to Know

FedSmith.com author Ralph R. SmithBy Ralph R. SmithMay 17, 2021 7:40 AM Categories Pay & Benefits Leave a comment
Four separate vertical stacks of coins growing in size from left to right pictured next to a white piggy bank on a wooden surface

How is the annual federal employee pay raise determined for the upcoming year?

Legislation Reintroduced to Increase Locality Pay for Some Employees

FedSmith.com author Ian SmithBy Ian SmithMay 14, 2021 4:04 PM Categories Pay & Benefits Leave a comment
Scale tipped towards one side due to having three bags of money on it versus only one bag on the higher side

Another legislative effort is being made to increase locality pay for some federal employees.

Average $90,510 Federal Employee Salary and Other Traits of 2.1 Million+ Federal Employees

FedSmith.com author Ralph R. SmithBy Ralph R. SmithMay 10, 2021 7:16 AM Categories Human Resources Leave a comment
3D renditions of people along a wheel depicting a human resources concept

The average federal employee’s salary is now just over $90,000 (excluding benefits). Here is a breakdown of GS levels, educational attainment, and gender among federal employees.

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Daily TSP Rates

June 24, 2022

Fund Last % YTD
G Fund $16.9202 +0.01% +1.10%
F Fund $18.6585 -0.23% -10.67%
C Fund $59.4928 +3.06% -17.31%
S Fund $62.8538 +3.46% -24.67%
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L 2030 $38.6057 +1.81% -11.40%
L 2035 $11.4684 +1.98% -12.61%
L 2040 $42.9507 +2.15% -13.75%
L 2045 $11.6521 +2.30% -14.78%
L 2050 $25.3061 +2.46% -15.71%
L 2055 $12.1731 +2.99% -18.21%
L 2060 $12.1721 +2.99% -18.21%
L 2065 $12.1709 +2.99% -18.22%
Get detailed TSP data at TSPDataCenter.com

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