FedSmith has received questions from geographic readers in areas to be covered by new locality pay rates. Most readers asking questions are wondering if they will receive the full locality pay differential cited by the Federal Salary Council. Our advice: Don’t make any purchases based on your expectations of increased income until you know the actual amount you will receive. This article explains why.
How do your TSP fund balances and investment decisions compare to other federal employees? Are TSP balances generally going up or down? Recent data from the TSP provide some insight into these questions.
All TSP funds, with the exception of the G fund, showed losses in June including all of the Lifecycle funds. However, all funds remain in positive territory for the year.
How much will federal retirees and Social Security recipients receive with a new COLA calculation that will go into effect in January? As of today, there would not be any increase.
A House committee has advanced a bill that may impact the federal pay raise for 2016—by not proposing an alternative pay raise figure for next year.
How much will your pay raise be in 2016? The president has recommended 1.3%. Congress could intervene but has not done so. What about a pay increase for military personnel and federal retirees?
The S and C funds provided healthy returns to investors in May but the I fund, while still leading for the year, finished in negative territory for May.
The proposed changes to locality pay areas would impact federal employees across the country. The proposal would not only add 13 new locality pay areas, it would also add to existing ones.
A proposed rule would create 13 new locality pay areas for some federal employees. That is good news for those employees, but there could also be a negative impact of this action on 2016 pay for federal employees currently under the locality pay system.
A published report contends that new locality pay areas will be approved for implementation in January 2016.
