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Minimum Wage

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

FedSmith.com author Ian SmithBy Ian SmithJanuary 21, 2022 11:48 AM Categories Federal Employee Pay News 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.

Biden to Raise Minimum Wage of Federal Contractors

FedSmith.com author Ian SmithBy Ian SmithUpdated: April 27, 2021 6:33 PM Categories Human Resources Leave a comment

President Biden is issuing an Executive Order to raise the minimum wage for federal contractors to $15 per hour.

$15 Minimum Wage for Federal Employees

FedSmith.com author Ralph R. SmithBy Ralph R. SmithMarch 8, 2021 11:32 AM Categories Federal Employee Pay News Leave a comment
Judge's gavel beside a desk plaque that reads 'minimum wage'

What is the latest on a $15 per hour minimum wage for federal employees? Will others get a raise as well?

The Impact of a Higher Minimum Wage on COLAs for Federal Retirees

FedSmith.com author Brenton SmithBy Brenton SmithFebruary 16, 2021 11:09 AM Categories Federal Employee Retirement Leave a comment

The author says that an increase in the federal minimum wage could have an impact on Social Security and the annual COLA for federal retirees.

Determining Minimum Wages For Federal Employees

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 2, 2019 6:17 AM Categories Federal Employee Pay News Leave a comment
Judge's gavel beside a desk plaque that reads 'minimum wage'

Some state or local governments have minimum wages that are higher than the federal government. OPM explains how to reconcile the differences.

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Daily TSP Rates

January 27, 2023

Fund Last % YTD
G Fund $17.2859 +0.01% +0.29%
F Fund $18.7842 -0.05% +3.17%
C Fund $62.5031 +0.25% +6.11%
S Fund $67.6445 +0.83% +9.94%
I Fund $36.8512 -0.16% +8.57%
L Income $23.3499 +0.05% +2.18%
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L 2030 $40.9362 +0.11% +4.76%
L 2035 $12.1983 +0.12% +5.21%
L 2040 $45.8251 +0.13% +5.65%
L 2045 $12.4635 +0.14% +6.04%
L 2050 $27.1382 +0.15% +6.40%
L 2055 $13.1782 +0.19% +7.46%
L 2060 $13.1770 +0.19% +7.46%
L 2065 $13.1756 +0.19% +7.47%
Get detailed TSP data at TSPDataCenter.com

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