TSP Performance Continues to Suffer: One Core Fund Down 22% This Year
August TSP fund performance reflects the abysmal performance of the stock market in 2022. Other than the G Fund, all TSP Funds went down in August.
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.
August TSP fund performance reflects the abysmal performance of the stock market in 2022. Other than the G Fund, all TSP Funds went down in August.
President Biden has issued the letter outlining his alternative pay plan of a 4.6% average increase for the 2023 federal pay raise.
A group of Democrats in the House and Senate want OPM to add coverage for infertility treatment to the FEHB.
TSP stock funds are still down for the year with very slight gains for three funds in August.
The latest monthly TSP meeting provided important updates on the problems that plagued the launch of the new TSP website.
GSA has released the FY 2023 per diem rates.
The Federal Salary Council is recommending changes to raise pay for “tens of thousands” of federal employees.
Chinese investments through the TSP mutual fund window are creating political controversy and national security concerns.
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?
The number of TSP millionaires continues to drop in the midst of the highest inflation rates in 40 years. Here is the latest number as of the end of June 2022.