An Overview of the 2024 GS Pay Scales: Key Updates for Federal Employees in Washington, DC, Hawaii,

  Planning for retirement is a crucial step for every federal employee. With a career spanning decades, understanding how your Thrift Savings Plan (TSP) contributions grow over time can make a significant difference in your financial security. One of the most effective tools to estimate your TSP growth is the TSP Calculator . This blog, brought to you by Federal Pension Advisors , explores how this tool can help you make smarter retirement decisions and how it ties into other financial planning considerations like your paycheck in Utah. Understanding the Thrift Savings Plan (TSP) The TSP is the federal government’s retirement savings and investment plan, similar to a 401(k) offered in the private sector. It allows federal employees to contribute a portion of their income toward retirement, with options for both traditional pre-tax contributions and Roth after-tax contributions. Additionally, federal agencies often provide matching contributions, increasing the potential growth of...

For federal employees, understanding changes to their compensation is crucial, not only for planning day-to-day finances but also for long-term retirement and investment strategies. One of the most significant factors affecting federal pay is the federal pay raise , which directly impacts salaries, benefits, and retirement calculations. At Federal Pension Advisors, we believe that staying informed about federal pay adjustments is key to maximizing your career earnings and ensuring financial security. What Is a Federal Pay Raise? A federal pay raise refers to the annual adjustment in salaries for federal government employees. These increases are typically approved by Congress and are influenced by a combination of factors, including inflation, cost of living, and government budget allocations. Pay raises can be applied across the board to all federal employees or targeted to specific agencies, roles, or grades. The federal pay system is structured in a way that ensures fair compensa...

  Planning for retirement as a federal employee involves more than simply picking a date and submitting paperwork. One of the most misunderstood—but valuable—benefits under the Federal Employees Retirement System (FERS) is the retirement annuity supplement . For employees who retire before age 62, this supplement can help bridge the income gap until Social Security begins. That’s where a fers retirement annuity supplement calculator becomes an essential planning tool. At Federal Pension Advisors, we regularly see federal employees underestimate or misunderstand this benefit. In this guide, we’ll break down how the supplement works, why the calculator matters, and how it fits into a complete retirement income strategy. What Is the FERS Retirement Annuity Supplement? The FERS Retirement Annuity Supplement is a temporary payment designed to mimic a portion of your Social Security benefit. It is paid to eligible federal employees who retire before age 62 and meet specific age and...

 Planning for retirement can feel overwhelming, especially when you are trying to balance your federal benefits, personal savings, and tax implications. Federal employees have access to the Thrift Savings Plan (TSP), a powerful retirement savings tool, but understanding how much you could accumulate over time requires careful planning. This is where the TSP Calculator from Federal Pension Advisors comes into play. A TSP Calculator is a simple yet essential tool for federal employees to estimate their retirement savings. By inputting variables like your current contributions, employer match, years of service, and expected rate of return, you can get a clearer picture of what your financial future might look like. It is not just about knowing a number; it’s about understanding your retirement trajectory so you can make informed decisions today. Why Using a TSP Calculator is Important Many federal employees rely on the TSP as the cornerstone of their retirement plan, similar to a ...

Federal employees across the nation are preparing for an important change in 2026: the federal employee pay raise 2026. This update brings significant adjustments to base pay for federal workers, including a notable increase for law enforcement personnel. At Federal Pension Advisors, we aim to provide clear and practical insights into how these pay adjustments will affect federal employees’ take-home pay, retirement planning, and overall financial security. What Is the Federal Employee Pay Raise 2026? The federal employee pay raise 2026 refers to the scheduled increase in the base salaries of civilian federal employees. These adjustments are typically announced annually and are designed to account for inflation, cost-of-living changes, and retention needs within the federal workforce. For 2026, federal employees can expect a general pay increase , accompanied by special considerations for certain high-demand roles, particularly in law enforcement. These updates are part of ongoing ...