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Pay Raise

Federal Employee Salary Gains: Recommended vs. Real Increases

FedSmith.com author Ralph R. SmithBy Ralph R. SmithApril 28, 2023 10:05 AM Categories Federal Employee Pay News 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

Federal employee salary levels are going up faster than the approved raise amount. Here are the actual federal employee salary increases in recent years.

Biden Proposes 5.2% 2024 Federal Pay Raise

FedSmith.com author Ian SmithBy Ian SmithMarch 9, 2023 12:56 PM Categories Federal Employee Pay News Leave a comment
Spread of $100 bills pictured on a light blue background

The White House has announced its desired amount for the 2024 federal pay raise in the president’s budget for FY 2024.

White Proposes 2024 Federal Pay Raise This Week

FedSmith.com author Ian SmithBy Ian SmithUpdated: March 9, 2023 1:05 PM Categories Federal Employee Pay News Leave a comment
Close up of the face of Benjamin Franklin on the $100 bill

The White House proposed its desired amount for the 2024 federal pay raise this week.

2024 Federal Pay Raise: How About 8.7%?

FedSmith.com author Ian SmithBy Ian SmithUpdated: January 30, 2023 1:53 PM Categories Federal Employee Pay News Leave a comment
Illustration of bags and piles of money growing in size from left to right with a rising trend line arrow above them depicting growing savings/wealth for retirement

Legislation has been introduced to set the 2024 federal pay raise for federal employees at 8.7%.

4 Things That Can Boost Your Savings in 2023

FedSmith.com author Francis Xavier (FX) BergmeisterBy Francis Xavier (FX) BergmeisterJanuary 26, 2023 9:47 AM Categories Federal Employee Retirement Leave a comment

Changes on tap for 2023 offer federal employees an incentive to save more towards retirement.

2024 COLA? 2022 Inflation 6.5%, COLA 8.7%, Average Raise 4.6%

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJanuary 12, 2023 10:00 AM Categories Federal Employee Retirement Leave a comment

The 2022 inflation rate was 6.5% at the end of the year. The COLA for 2023 was 8.7%. What is likely to happen with the 2024 COLA?

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.

2023 Federal Pay Raise and 2023 GS Pay Scale Finalized

FedSmith.com author Ian SmithBy Ian SmithDecember 23, 2022 2:49 PM Categories Federal Employee Pay News Leave a comment
Image of road sign with words 'pay raise just ahead'

President Biden has issued an Executive Order finalizing the 2023 federal pay raise as well as the 2023 GS pay scale tables.

2023 GS Locality Pay Tables Published: Here are Localities with Highest and Lowest Pay Increases

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 23, 2022 2:47 PM Categories Federal Employee Pay News Leave a comment
Illustration of bags and piles of money growing in size from left to right with a rising trend line arrow above them depicting growing savings/wealth for retirement

Here are the 2023 GS locality pay areas with the highest and lowest total pay increases for 2023.

Are Federal Contractors Included in the 2023 Federal Pay Raise?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 21, 2022 1:18 PM Categories Q&A, Federal Employee Pay News Leave a comment
Piggy bank on a wooden surface with a white question mark leaning up against it depicting money questions, possibility of a pay raise

Are federal contractors included in the 2023 federal pay raise?

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Daily TSP Performance

May 26, 2023

Fund Last % YTD
G Fund $17.5004 +0.01% +1.54%
F Fund $18.4739 +0.07% +1.46%
C Fund $64.9565 +1.31% +10.27%
S Fund $64.4145 +1.47% +4.69%
I Fund $37.1748 +0.96% +9.52%
L Income $23.6452 +0.31% +3.48%
L 2025 $11.9441 +0.46% +4.56%
L 2030 $41.5215 +0.74% +6.26%
L 2035 $12.3715 +0.81% +6.71%
L 2040 $46.4774 +0.88% +7.15%
L 2045 $12.6391 +0.94% +7.53%
L 2050 $27.5228 +1.00% +7.91%
L 2055 $13.3960 +1.20% +9.24%
L 2060 $13.3945 +1.20% +9.24%
L 2065 $13.3928 +1.20% +9.24%
Get detailed TSP data at TSPDataCenter.com

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