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Pay Raise

2023 Federal Pay Raise, Inflation, and Wishful Thinking

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJune 22, 2022 8:09 AM Categories Pay & Benefits Leave a comment

What are the prospects for a larger 2023 federal pay raise? Will the highest inflation in 40 years have an impact?

High Inflation and A Bear Market: Will “Double Whammy” Impact 4.6% Proposed Pay Raise?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: June 16, 2022 11:35 AM Categories Pay & Benefits Leave a comment

Two of the TSP stock funds are now in bear market territory and inflation is raging. What does history show about a federal pay raise during high inflation?

Lawmakers Push for 5.1% 2023 Federal Pay Raise

FedSmith.com author Ian SmithBy Ian SmithMay 2, 2022 7:26 AM Categories Pay & Benefits Leave a comment

A group of over 60 House Democrats want a higher 2023 federal pay raise for federal employees than what has been proposed by the White House.

Average Federal Employee Salary 2010-2021: $74,307 to $93,773. With No Pay Raise, Retirements Went Up

FedSmith.com author Ralph R. SmithBy Ralph R. SmithApril 22, 2022 10:15 AM Categories Pay & Benefits Leave a comment
5 vertical stacks of coins on a wooden surface growing in height as they go from left to right with the word 'salary' written on a small chalkboard sign behind the stacks

How much has the average federal employee salary changed? Do pay raises which are less than a COLA influence the number of retirements?

President’s Budget Proposes 4.6% 2023 Federal Pay Raise

FedSmith.com author Ralph R. SmithBy Ralph R. SmithMarch 28, 2022 11:32 AM Categories Pay & Benefits Leave a comment
featured image - white house proposes 4.6% 2023 federal pay raise for federal employees

The White House has proposed 4.6% for the 2023 federal pay raise.

2023 COLA and the Long Expected Federal Retirement Tsunami

FedSmith.com author Ralph R. SmithBy Ralph R. SmithMarch 17, 2022 8:59 AM Categories Retirement Leave a comment

With a significant differential between a COLA and pay raise in 2022 and 2023, many federal employees are likely to retire. Here is why.

Why Your Raise or Annuity Goes Down Faster Than Inflation Goes Up

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: February 23, 2022 3:23 PM Categories Pay & Benefits, Retirement Leave a comment

How is inflation measured? Measurement methods have changed. Those who think their decline in purchasing power is higher than reported are probably right.

Inflation Rate Soars to 7.5%; Comparing 45 Years of Federal Raises, Inflation, and COLAs

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: February 15, 2022 11:31 AM Categories Pay & Benefits Leave a comment

Inflation is soaring. How does the inflation rate compare to 45 years of pay raises and COLAs?

Pay Raises, COLAs, Politics, 7.8% Inflation, and Federal Retirement

FedSmith.com author Ralph R. SmithBy Ralph R. SmithFebruary 9, 2022 9:39 AM Categories Retirement Leave a comment

Are the retirement decisions by federal employees impacted by politics and policy decisions?

Inflation Hit: 4.6% 2023 Federal Employee Pay Raise?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithFebruary 5, 2022 1:56 PM Categories Pay & Benefits Leave a comment

Speculation about a 2023 federal employee pay raise is now underway. How about 4.6%?

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Daily TSP Rates

June 23, 2022

Fund Last % YTD
G Fund $16.9188 +0.01% +1.09%
F Fund $18.7014 +0.37% -10.46%
C Fund $57.7270 +0.96% -19.76%
S Fund $60.7545 +1.72% -27.19%
I Fund $31.6874 -0.31% -19.66%
L Income $22.3283 +0.17% -4.93%
L 2025 $11.1364 +0.28% -9.07%
L 2030 $37.9208 +0.40% -12.97%
L 2035 $11.2457 +0.44% -14.31%
L 2040 $42.0449 +0.47% -15.57%
L 2045 $11.3896 +0.51% -16.70%
L 2050 $24.6996 +0.54% -17.73%
L 2055 $11.8195 +0.62% -20.58%
L 2060 $11.8186 +0.62% -20.59%
L 2065 $11.8174 +0.62% -20.59%
Get detailed TSP data at TSPDataCenter.com

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