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Pay Freeze

White House Reverses Course, Supports Pay Freeze in 2021

FedSmith.com author Ian SmithBy Ian SmithDecember 2, 2020 5:54 PM
$100 bill in a block of ice

The White House has changed its position on a proposed pay raise for federal employees in 2021.

Pay Freeze for Federal Employees in 2021?

FedSmith.com author Ian SmithBy Ian SmithUpdated: November 11, 2020 1:09 PM
$100 bill frozen in a block of ice

A 2021 pay freeze for federal employees has been proposed by the Senate.

What’s Going on with the 2020 Pay Raise?

FedSmith.com author Ian SmithBy Ian SmithAugust 26, 2019 2:14 PM
3D question mark made out of cash sitting on a wooden surface against a turquoise background - pay/money/salary questions

What is the status of a possible pay raise for federal employees in 2020? Here is where things currently stand.

Draft Spending Bill Proposes Overriding 2020 Pay Freeze

FedSmith.com author Ian SmithBy Ian SmithJune 4, 2019 9:04 AM
five $100 bills spread in a fan shape against a solid white background

A draft spending bill put forth in the House contains a pay raise for federal employees in 2020.

Why is Another Pay Freeze Being Proposed?

FedSmith.com author Ian SmithBy Ian SmithMarch 27, 2019 8:44 AM

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

Details Revealed on Proposed Benefits Cuts

FedSmith.com author Ian SmithBy Ian SmithMarch 18, 2019 1:19 PM
Vertical stacks of coins that get smaller as they go from left to right with the letters 'pension' sitting on top of the stacks depicting a shrinking pension or annuity/benefits cuts

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

The President’s Budget and the Civil Service

FedSmith.com author Jeff NealBy Jeff NealMarch 14, 2019 11:39 AM

The White House budget proposal contains suggestions federal employees will mostly not like. The author summarizes them and what they mean in the bigger picture.

Another Pay Freeze Proposed for 2020

FedSmith.com author Ian SmithBy Ian SmithMarch 11, 2019 2:20 PM
Tip of a $100 bill sticking up out of a snowbank depicting a pay freeze

The White House has proposed a pay freeze for federal employees for the second year in a row.

It’s Official: Federal Employees Are Getting a Raise in 2019

FedSmith.com author Ian SmithBy Ian SmithFebruary 15, 2019 3:05 PM
Pink piggy bank with a smiling face behind wooden blocks that read '2019' depicting a 2019 pay raise

Thanks to the spending bill that just became law, federal employees will have a pay raise in 2019, overriding the pay freeze that was previously in place.

2.6 Percent Raise for Federal Employees?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJanuary 31, 2019 3:14 PM
Piggy bank on a wooden surface with a white question mark leaning up against it depicting money questions, possibility of a pay raise

An overall pay raise for the federal workforce is still a possibility. Here is a summary of what is going on now.

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Daily TSP Rates

April 15, 2021

Fund Last % YTD
G Fund $16.5635 0.00% +0.33%
F Fund $20.7038 +0.39% -2.32%
C Fund $62.3491 +1.11% +11.51%
S Fund $83.3150 +0.92% +12.28%
I Fund $37.9512 +0.55% +7.24%
L Income $22.8033 +0.23% +2.36%
L 2025 $11.6892 +0.44% +4.75%
L 2030 $41.1044 +0.56% +6.00%
L 2035 $12.3278 +0.61% +6.56%
L 2040 $46.5892 +0.67% +7.13%
L 2045 $12.7501 +0.71% +7.61%
L 2050 $27.9032 +0.75% +8.12%
L 2055 $13.6608 +0.88% +10.06%
L 2060 $13.6607 +0.88% +10.06%
L 2065 $13.6606 +0.88% +10.06%
Get detailed TSP data at TSPDataCenter.com

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