2022 in Review: 2023 Federal Pay Raise, Federal Employee Vaccine Mandate and More

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2023 Federal Pay Raise is Largest in 20 Years

Federal employees are getting the largest pay raise in about 20 years in 2023. Many were anxious to find out what the pay raise in 2023 would be in light of rampant inflation in 2022 and a sharp increase in 2023 FEHB premiums.

Many FedSmith readers expressed frustration that the pay raise was not larger given the decline in our quality of life the country has seen this year with rapidly rising costs on everything from food to electricity, but the reality is that the pay raise is technically not based on inflation since the federal pay raise each year is determined by a political process.  Click HERE to find out more.

Dismal 2022 TSP Performance: One Fund Down 26% for the Year

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2022 TSP fund performance was dismal. One TSP stock fund was down 26%. What happened after the last significant yearly loss?

2022 TSP Fund Performance Went from Bad to Worse.

As 2022 comes to a close, many Thrift Savings Plan (TSP) investors will be glad to see this year come to an end as it has put a dent in the overall performance of the TSP funds. The year did not start off well. Click HERE for full article.