SEC - year end bonuses

[Anonymous]

When does SEC give annual bonuses? And what are typical bonuses versus time off allowed?

[Anonymous]

There aren't any. There are spot awards and that's it. IME those are small, a few hundred dollars to max like $3K depending on what you did.

At one point there was a program to give larger bonuses but it was targeted at the top 5% of the workforce.

[Anonymous]

I worked at a FinReg that gave merit bonuses that ended up being 5-8% of my salary but that was a scam because they depressed based salaries and put compensation into merit-based (read: extremely arbitrary) bonuses.

[Anonymous]

Anonymous wrote:I worked at a FinReg that gave merit bonuses that ended up being 5-8% of my salary but that was a scam because they depressed based salaries and put compensation into merit-based (read: extremely arbitrary) bonuses.

Plz name the agency

[Anonymous]

Anonymous wrote:I worked at a FinReg that gave merit bonuses that ended up being 5-8% of my salary but that was a scam because they depressed based salaries and put compensation into merit-based (read: extremely arbitrary) bonuses.

Hello, fellow former FRB colleague. 👋

Tho, the Bank Pension system is a lot better than the other agencies. No contribution, better calculations, etc.

[Anonymous]

Do most people at SEC get time off as a yearly award?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I worked at a FinReg that gave merit bonuses that ended up being 5-8% of my salary but that was a scam because they depressed based salaries and put compensation into merit-based (read: extremely arbitrary) bonuses.

Hello, fellow former FRB colleague. 👋

Tho, the Bank Pension system is a lot better than the other agencies. No contribution, better calculations, etc.

Not the FRB - so we didn’t even have the better retirement…

[Anonymous]

The gubmint raise is tiny.

[Anonymous]

Anonymous wrote:There aren't any. There are spot awards and that's it. IME those are small, a few hundred dollars to max like $3K depending on what you did.

At one point there was a program to give larger bonuses but it was targeted at the top 5% of the workforce.

however, if the annual raise+ geopay increase (raises happen in april) puts you over your salary band cap, the extra money over the cap is given to you as a bonus.

[Anonymous]

Anonymous wrote:The gubmint raise is tiny.

this year fully successful SEC staff will get 2.65%+ the GS raise, so probably 7.35% +0.5% geopay. not terrible.

[Anonymous]

Anonymous wrote:Do most people at SEC get time off as a yearly award?

As I said above, spot awards only. Could be a small bonus or some time off. I got 10 hours earlier this year.

[Anonymous]

What the heck is geopay?

[Anonymous]

Anonymous wrote:What the heck is geopay?

way to revive an old thread. geopay=locality pay.

[Anonymous]

🤣🤣🤣🤣 no more raises.