Seeking Higher Salary of GS Locality Pay? Here is Status of Requests to be Added
How does an area become part of a GS locality pay area? Which regions have requested to be added to GS locality pay areas and what is their status?
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.
How does an area become part of a GS locality pay area? Which regions have requested to be added to GS locality pay areas and what is their status?
While the anticipated 2023 federal pay raise is 4.6%, on average, inflation has slowed to an annual increase of 7.1%.
New GS locality pay areas may mean higher salaries for as many as 16,000 federal employees in about 190 jurisdictions. Where are these new locations?
The TSP has released its 2022 end-of-year processing schedule.
A 2023 locality pay report recommends changes that would increase pay for about 16,000 federal employees if adopted.
These are some ways federal employees can save on their 2023 FEHB premiums.
What will federal employee pay be in 2023? Here is an estimate of the 2023 GS pay scale for each GS grade and step. Final figures will be out later this month.
There will be changes to a couple of 2023 GS locality pay areas.
The 2022 FEVS results indicate that federal employees are becoming increasingly dissatisfied with their pay.
TSP performance for the stock funds in November was up significantly. Here are the November 2022 monthly TSP returns and how these funds are performing so far this year.