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Pay Raise

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

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 1, 2022 7:40 AM Categories Federal Employee Pay News 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?

What’s the Difference in the Annual COLA and Pay Raise?

FedSmith.com author Ian SmithBy Ian SmithNovember 8, 2022 8:35 AM Categories Federal Employee Retirement, Federal Employee Pay News Leave a comment

The annual COLA and pay raise are complex and often cause confusion. This is what they are and how they are different.

4.1% Differential Between 2023 Pay Raise, COLA

FedSmith.com author Ralph R. SmithBy Ralph R. SmithOctober 19, 2022 8:11 AM Categories Federal Employee Pay News, Federal Employee Retirement Leave a comment

Inflation has been rising fast, and the 2023 COLA was just announced. Even with a projected 2023 pay raise of 4.6%, purchasing power is declining fast.

A Perfect Retirement Storm? Comparing Pay Raise, Inflation, COLAs During Periods of High Inflation

FedSmith.com author Ralph R. SmithBy Ralph R. SmithSeptember 9, 2022 9:17 AM Categories Federal Employee Retirement Leave a comment

Is 2022 a good year to retire? How do the annual pay raise, inflation, and COLAs compare during similar economic circumstances under Presidents Carter and Biden?

Biden Issues Alternative Pay Letter for 2023 Federal Pay Raise: Average 4.6% Raise

FedSmith.com author Ralph R. SmithBy Ralph R. SmithUpdated: September 1, 2022 7:57 AM Categories Federal Employee Pay News Leave a comment

President Biden has issued the letter outlining his alternative pay plan of a 4.6% average increase for the 2023 federal pay raise.

FSC Says Federal Employee Pay Disparity Now at 22.47%

FedSmith.com author Ian SmithBy Ian SmithAugust 9, 2022 4:06 PM Categories Federal Employee Pay News Leave a comment

The Federal Salary Council said that federal employees are underpaid by an average of over 20%. Does this mean you should expect a pay raise of this size?

4.6% 2023 Pay Raise Moves Along and Senate Action on Pay Freeze

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJuly 29, 2022 10:59 AM Categories Federal Employee Pay News Leave a comment

The 2023 pay raise is moving and still at 4.6%. Action is also taking place in the Senate on removing the long pay freeze for some senior officials.

2023 Federal Pay Raise Takes Another Small Step Forward

FedSmith.com author Ian SmithBy Ian SmithJuly 18, 2022 11:41 AM Categories Federal Employee Pay News Leave a comment

A key spending bill makes another case for a 4.6% 2023 federal pay raise.

Some Federal Employees Could Get Inflation Bonus in 2023

FedSmith.com author Ian SmithBy Ian SmithJuly 14, 2022 6:15 AM Categories Federal Employee Pay News Leave a comment

A draft bill in Congress is proposing paying some federal employees a 2023 inflation bonus to help offset rapidly rising inflation.

2023 Federal Pay Raise, Inflation, and Wishful Thinking

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

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

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Daily TSP Performance

September 25, 2023

Fund Last % YTD
G Fund $17.7386 +0.03% +2.92%
F Fund $18.0669 -0.70% -0.77%
C Fund $67.3407 +0.40% +14.32%
S Fund $66.6921 +0.35% +8.39%
I Fund $36.5989 -0.60% +7.83%
L Income $23.9561 0.00% +4.84%
L 2025 $12.1146 0.00% +6.05%
L 2030 $42.1388 0.00% +7.84%
L 2035 $12.5543 -0.01% +8.28%
L 2040 $47.1688 -0.01% +8.75%
L 2045 $12.8272 -0.01% +9.13%
L 2050 $27.9384 -0.01% +9.54%
L 2055 $13.6388 +0.04% +11.22%
L 2060 $13.6370 +0.04% +11.22%
L 2065 $13.6349 +0.04% +11.21%
Get detailed TSP data at TSPDataCenter.com

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