FDIC RIF Plans

[Anonymous]

Anonymous wrote:I'm stuck on this line from today's email: "The FDIC will offer VERA and VSIP to employees who occupy positions targeted for reduction."

So... if DH receives this VERA/VSIP offer on Friday, what are we supposed to understand about his RIF risk? That he will almost certainly be RIFfed if he doesn't accept a buyout? That he's somewhere on the list to be RIFfed but we don't know where? Will everyone "targeted" be foolish to decline the buyout because they've just said that if you receive the offer, consider yourself "targeted"?

It means he will be RIF eligible if they don’t hit the 1250 threshold. If he’s got 20 years of service, there’s a low likelihood he will be RIF’d.

Ngl, I expect there to be very few RIFs at FDIC. I know many people who want the VERA + DRP. They were waiting for a legitimate program to be offered by the Corporation. The demographics at FDIC are very old so I’m thinking they hit 1250 easily.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is FDIC going to be the first agency that does a real RIF?

Is anyone going to make them? Might makes right these days, no?

It’s curious you all are being asked for all of this information. I’m not aware of other agencies asking for it.

Not the same thing but at my agency HR has been scrubbing our records and making sure all of the documentation is correct. I know they also did an audit of all the new people to see if any of them should be considered probationary (i.e. transfers from other agencies incorrectly classified as permanent).

Transfers from other agencies should be considered permanent if they completed probation at the prior agency.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is FDIC going to be the first agency that does a real RIF?

Is anyone going to make them? Might makes right these days, no?

It’s curious you all are being asked for all of this information. I’m not aware of other agencies asking for it.

Not the same thing but at my agency HR has been scrubbing our records and making sure all of the documentation is correct. I know they also did an audit of all the new people to see if any of them should be considered probationary (i.e. transfers from other agencies incorrectly classified as permanent).

Transfers from other agencies should be considered permanent if they completed probation at the prior agency.

PP here and that's not true. If the positions are not substantially similar they can make you do another probationary period. There is case law on this btw.

[Anonymous]

Anonymous wrote:What about CISR?

Got crushed by a rock.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What about CISR?

Got crushed by a rock.

Please elaborate?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is FDIC going to be the first agency that does a real RIF?

Is anyone going to make them? Might makes right these days, no?

It’s curious you all are being asked for all of this information. I’m not aware of other agencies asking for it.

Not the same thing but at my agency HR has been scrubbing our records and making sure all of the documentation is correct. I know they also did an audit of all the new people to see if any of them should be considered probationary (i.e. transfers from other agencies incorrectly classified as permanent).

Transfers from other agencies should be considered permanent if they completed probation at the prior agency.

PP here and that's not true. If the positions are not substantially similar they can make you do another probationary period. There is case law on this btw.

Only if the employee is getting a promotion and it is specified in the transfer sf 50.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is FDIC going to be the first agency that does a real RIF?

Is anyone going to make them? Might makes right these days, no?

It’s curious you all are being asked for all of this information. I’m not aware of other agencies asking for it.

Not the same thing but at my agency HR has been scrubbing our records and making sure all of the documentation is correct. I know they also did an audit of all the new people to see if any of them should be considered probationary (i.e. transfers from other agencies incorrectly classified as permanent).

Transfers from other agencies should be considered permanent if they completed probation at the prior agency.

PP here and that's not true. If the positions are not substantially similar they can make you do another probationary period. There is case law on this btw.

The vast majority of people on DCUM transfer to substantially similar positions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm stuck on this line from today's email: "The FDIC will offer VERA and VSIP to employees who occupy positions targeted for reduction."

So... if DH receives this VERA/VSIP offer on Friday, what are we supposed to understand about his RIF risk? That he will almost certainly be RIFfed if he doesn't accept a buyout? That he's somewhere on the list to be RIFfed but we don't know where? Will everyone "targeted" be foolish to decline the buyout because they've just said that if you receive the offer, consider yourself "targeted"?

It means he will be RIF eligible if they don’t hit the 1250 threshold. If he’s got 20 years of service, there’s a low likelihood he will be RIF’d.

Ngl, I expect there to be very few RIFs at FDIC. I know many people who want the VERA + DRP. They were waiting for a legitimate program to be offered by the Corporation. The demographics at FDIC are very old so I’m thinking they hit 1250 easily.

This protection from RIF for folks with seniority would only come through if they're doing "bump and retreat" though, right? There hasn't been a single instance of this in any RIF so far.

It would be very helpful to know if the whole office is getting shut down, which I imagine is how these cuts will happen: 100% competitive area cuts so there are no survivors to reassign. So how closely is getting offered VERA/VSIP tied to the confidence your particular office is "targeted" for closure.

I hear a new org chart is supposed to come out soon. Would that be a way to tell whether your whole office is getting axed?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm stuck on this line from today's email: "The FDIC will offer VERA and VSIP to employees who occupy positions targeted for reduction."

So... if DH receives this VERA/VSIP offer on Friday, what are we supposed to understand about his RIF risk? That he will almost certainly be RIFfed if he doesn't accept a buyout? That he's somewhere on the list to be RIFfed but we don't know where? Will everyone "targeted" be foolish to decline the buyout because they've just said that if you receive the offer, consider yourself "targeted"?

It means he will be RIF eligible if they don’t hit the 1250 threshold. If he’s got 20 years of service, there’s a low likelihood he will be RIF’d.

Ngl, I expect there to be very few RIFs at FDIC. I know many people who want the VERA + DRP. They were waiting for a legitimate program to be offered by the Corporation. The demographics at FDIC are very old so I’m thinking they hit 1250 easily.

+10. I agree with this. It’s very old. People linger there who should have left years ago.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm stuck on this line from today's email: "The FDIC will offer VERA and VSIP to employees who occupy positions targeted for reduction."

So... if DH receives this VERA/VSIP offer on Friday, what are we supposed to understand about his RIF risk? That he will almost certainly be RIFfed if he doesn't accept a buyout? That he's somewhere on the list to be RIFfed but we don't know where? Will everyone "targeted" be foolish to decline the buyout because they've just said that if you receive the offer, consider yourself "targeted"?

It means he will be RIF eligible if they don’t hit the 1250 threshold. If he’s got 20 years of service, there’s a low likelihood he will be RIF’d.

Ngl, I expect there to be very few RIFs at FDIC. I know many people who want the VERA + DRP. They were waiting for a legitimate program to be offered by the Corporation. The demographics at FDIC are very old so I’m thinking they hit 1250 easily.

+10. I agree with this. It’s very old. People linger there who should have left years ago.

Well, they may not agree with you that they should have left years ago! Or, if they do want to retire, they might be concentrated in divisions that won't accept their retirements.

We (ok I) would really like to know more about how much of a target is really on the back of every staff member "targeted".

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm stuck on this line from today's email: "The FDIC will offer VERA and VSIP to employees who occupy positions targeted for reduction."

So... if DH receives this VERA/VSIP offer on Friday, what are we supposed to understand about his RIF risk? That he will almost certainly be RIFfed if he doesn't accept a buyout? That he's somewhere on the list to be RIFfed but we don't know where? Will everyone "targeted" be foolish to decline the buyout because they've just said that if you receive the offer, consider yourself "targeted"?

It means he will be RIF eligible if they don’t hit the 1250 threshold. If he’s got 20 years of service, there’s a low likelihood he will be RIF’d.

Ngl, I expect there to be very few RIFs at FDIC. I know many people who want the VERA + DRP. They were waiting for a legitimate program to be offered by the Corporation. The demographics at FDIC are very old so I’m thinking they hit 1250 easily.

This protection from RIF for folks with seniority would only come through if they're doing "bump and retreat" though, right? There hasn't been a single instance of this in any RIF so far.

It would be very helpful to know if the whole office is getting shut down, which I imagine is how these cuts will happen: 100% competitive area cuts so there are no survivors to reassign. So how closely is getting offered VERA/VSIP tied to the confidence your particular office is "targeted" for closure.

I hear a new org chart is supposed to come out soon. Would that be a way to tell whether your whole office is getting axed?

Based on one story I heard, they are doing bump and retreat.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm stuck on this line from today's email: "The FDIC will offer VERA and VSIP to employees who occupy positions targeted for reduction."

So... if DH receives this VERA/VSIP offer on Friday, what are we supposed to understand about his RIF risk? That he will almost certainly be RIFfed if he doesn't accept a buyout? That he's somewhere on the list to be RIFfed but we don't know where? Will everyone "targeted" be foolish to decline the buyout because they've just said that if you receive the offer, consider yourself "targeted"?

It means he will be RIF eligible if they don’t hit the 1250 threshold. If he’s got 20 years of service, there’s a low likelihood he will be RIF’d.

Ngl, I expect there to be very few RIFs at FDIC. I know many people who want the VERA + DRP. They were waiting for a legitimate program to be offered by the Corporation. The demographics at FDIC are very old so I’m thinking they hit 1250 easily.

+10. I agree with this. It’s very old. People linger there who should have left years ago.

Well, they may not agree with you that they should have left years ago! Or, if they do want to retire, they might be concentrated in divisions that won't accept their retirements.

We (ok I) would really like to know more about how much of a target is really on the back of every staff member "targeted".

An agency cannot reject a retirement. They can reject VERA/VSIP/DRP.

At least one person a one town hall said they tried for the VSIP in 2020 and would again. Can imagine sticking about 5 more years for the off chance of $25K

[Anonymous]

Other agencies have round 2 of rifs coming soon. When is round 2 for fdic?

[Anonymous]

Anonymous wrote:Please be mindful of the confidentiality agreements that you signed regarding any upcoming RIFs.

Imagine thinking people should be loyal to you as you lay them off.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Please be mindful of the confidentiality agreements that you signed regarding any upcoming RIFs.

Imagine thinking people should be loyal to you as you lay them off.

+1.