Why is the SEC slashing retirement and other benefits?
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Anonymous
| Thus was referenced in another thread. Is it true? |
Anonymous
|
Congress slashed the budget. Given that we've gone 6 months of the fiscal year spending money (and apparently, spending money based off the asked-for budget, rather than 2023 budget or the possible 1% cut from 2023), we now have 6 months to scramble the shortfall.
So all of those things in the CBA that are benefits if and only if there are sufficient funds are being cut. So, student loan repayments, and 4 months of the supplemental match are being cut. And the hiring freeze will continue. |
Anonymous
| Sounds like you have very smart management who plan for worst-case scenarios and can see around corners. Perfect skills for a financial regulator. NOT. |
Anonymous
| What good is the CBA if management can just deplete the funds needed for the benefits in the CBA? Sounds like a brilliant union. |
Anonymous
| People saying how great it is that the Union was able to defend the pay increase. The only reason the pay increase was in danger was because the Union let it be permanently shifted from January to flipping April. |
Anonymous
| Financial regulators are already overpaid. Why should an SEC attorney make so much more than the DOJ attorneys actually trying their cases? |
Anonymous
Middle class warfare benefits nobody except rich people trying to distract from the fact that they're making out like bandits. The question you should be asking is why DOJ attorneys are not getting the same fair and appropriate compensation as their SEC counterparts. |
Anonymous
| Oh please. Most DOJ lawyers haven’t tried a case in their lives. And even if they did, it’s not rocket science. |
Anonymous
OK, what is the justification for SEC attorneys who do not try cases making more than the DOJ attorneys who will try their cases? |
Anonymous
| It’s called the market. The demand for “trying cases” actually isn’t that high since few cases ever go to trial. There IS a substantial demand for lawyers who can navigate and litigate complex financial matters. |
Anonymous
Yes! I will never understand why comp increases don’t hit until PP9. |
Anonymous
What’s the status on other “benefits?” Are they taking away the comp towards FEHB premiums? The fitness stipend? The telework stipend? Bar dues reimbursement? Etc. |
Anonymous
Because that's the comp cycle. A few years ago the agency gave everyone a percentage bump for the prorated period from Jan - April and reset the comp cycle as being from April to April. |
Anonymous
Huh? What the hell are you talking about? The SEC has independent litigation authority and tries it's own cases. How about you do a wee bit of research before to going on an uninformed tirade? |
Anonymous
| The most obvious reason is that Gensler cares very little about the staff. He really lacks empathy. |