TSP Funds Rebound Following Months of Losses

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TSP Funds Rebound Following Months of Losses

Only one portfolio in the federal government’s 401(k)-style retirement savings program finished May in the red.

Following months of disappointing returns, the federal government’s 401(k)-style retirement savings plan returned to positive territory in May, with all but one portfolio finishing the month in the black.

The Thrift Savings Plan’s S Fund, made up of small- and mid-size businesses, led the way, growing 7.21% last month. Despite those gains, the S Fund remains 3.13% in the red so far this year. And the common stocks of the C Fund gained 6.29% in May, bringing its 2025 performance up to 1.05%. Follow link to read more from Government Executive. https://www.govexec.com/pay-benefits/2025/06/tsp-funds-rebound-following-months-losses/405737/

 

Trump’s Big Tax Bill Moves Ahead to Potential Changes in The Senate

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Trump’s Big Tax Bill Moves Ahead to Potential Changes in The Senate

President Trump wants the Senate to slash taxes even more than the House-passed bill – and get the whole thing to his desk for signature by July 4

WASHINGTON – House Republicans have done their job, narrowly passing President Donald Trump’s sweeping tax and policy bill. Next up: the Senate.

When members of Congress return to Washington on June 2 after a weeklong break, the upper chamber will dig into the more than 1,000-page bill that would extend income tax cuts, implement new tax breaks for tipped wages and overtime, overhaul Medicaid and food stamps, and put more money toward Trump’s deportation plan. Follow link to read more from USA Today. https://bit.ly/43Jros7

What’s the Status of Pay Raises for Federal Employees In 2026? 

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What’s the Status of Pay Raises for Federal Employees In 2026? 

As of June 2025, the outlook for a federal employee pay raise in 2026 is uncertain. President Trump’s fiscal year 2026 budget proposal includes a pay freeze for federal civilian employees, marking the first such freeze since 2013 . This proposal also suggests a 3.8% pay raise for military service members. .Fedweek+2Meritalk+2Meritalk+2

Earlier, in July 2024, the Office of Management and Budget (OMB) had advised federal agencies to plan for a 3% pay raise for civilian employees in January 2026 . However, this guidance was provisional and subject to change based on the President’s final budget decisions. Federal News Network+3Meritalk+3FedSmith.com+3

Additionally, Democratic lawmakers introduced the Federal Adjustment of Income Rates (FAIR) Act, proposing a 4.3% average pay raise for federal employees in 2026 . Historically, similar proposals have not been enacted into law. Government Executive+4FedSmith.com+4AFGE+4

The final decision on the 2026 federal pay raise will depend on negotiations between the executive branch and Congress. Federal employees should stay informed as the budget process unfolds in the coming months. FedSmith.com