2024 Federal Pay Raise: How About 8.7%?
Legislation has been introduced to set the 2024 federal pay raise for federal employees at 8.7%.
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
Legislation has been introduced to set the 2024 federal pay raise for federal employees at 8.7%.
Assigning your FEGLI coverage to another party? This is when you might want to consider it and what you should know before committing.
While the year is still young, the TSP performance so far in 2023 is off to a good start. Here are the latest fund returns.
How many TSP millionaires are there? The number at the end of 2022 is the lowest end of the calendar year figure since 2020 but still an improvement over earlier this year.
There are only two things required to double your TSP account over time.
President’s Day is a relatively new holiday. It’s official title is Washington’s Birthday but President’s Day is now the more common name used.
Attention G Fund investors: The federal government has exhausted its ability to borrow more money and will hit the debt ceiling. Your investment will be used to help finance more borrowing.
A new GAO report says that payments made to ineligible family members under FEHB could be costing OPM as much as $1 billion every year.
Pay compression and the pay freeze now impact senior federal employees in 31 GS locality pay areas.
2022 TSP fund performance was dismal. One TSP stock fund was down 26%. What happened after the last significant yearly loss?