When will SEC restore the TSP match that it eliminated a few months ago?

[Anonymous]

Or is that gone indefinitely?

[Anonymous]

Since "indefinitely" means for an unspecified amount of time, yes, indefinitely.

They need funds to do it. There is not yet a budget for 2025. So nobody can answer your question right now.

[Anonymous]

And yet they continue to hire like it’s 1999. Check the “new employees” orientations lists.

Really something else. What other organization would slash benefits but then continue to hire like gangbusters?

[Anonymous]

Anonymous wrote:And yet they continue to hire like it’s 1999. Check the “new employees” orientations lists.

Really something else. What other organization would slash benefits but then continue to hire like gangbusters?

I haven't heard they're hiring at all, but if they are, then the missing benefit apparently isn't needed for recruitment. Maybe instead of posting about this every few weeks you should look for a job where you'll be happier.

[Anonymous]

Anonymous wrote:

Anonymous wrote:And yet they continue to hire like it’s 1999. Check the “new employees” orientations lists.

Really something else. What other organization would slash benefits but then continue to hire like gangbusters?

I haven't heard they're hiring at all, but if they are, then the missing benefit apparently isn't needed for recruitment. Maybe instead of posting about this every few weeks you should look for a job where you'll be happier.

Ok, Gary. Maybe next time, you’ll manage resources effectively so you have to be, like, the only organization in the country slashing benefits amid 3 pct unemployment and massive inflation.

[Anonymous]

I’m also concerned for my (different) agency. It’s nice that we have the 2% COLA and auch but our budget has not increased so it’s coming from elsewhere like less hiring. As people retire (and yes, that’s the only way people leave) we’ll have fewer people to split the workload

[Anonymous]

Never gets old hearing SEC people whine about their comp

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:And yet they continue to hire like it’s 1999. Check the “new employees” orientations lists.

Really something else. What other organization would slash benefits but then continue to hire like gangbusters?

I haven't heard they're hiring at all, but if they are, then the missing benefit apparently isn't needed for recruitment. Maybe instead of posting about this every few weeks you should look for a job where you'll be happier.

Ok, Gary. Maybe next time, you’ll manage resources effectively so you have to be, like, the only organization in the country slashing benefits amid 3 pct unemployment and massive inflation.

Government salaries and benefits are supposed to be sufficient to attract qualified employees. Maybe they've decided that the extra match isn't needed.

[Anonymous]

Anonymous wrote:Never gets old hearing SEC people whine about their comp

It's one person that trolls this board. Last thread Jeff deleted all their posts for trolling.

[Anonymous]

Anonymous wrote:Never gets old hearing SEC people whine about their comp

++1
"SEC Salaries Are More Than 40% Higher than General Schedule Employees' Salaries
We Negotiate Excellent Annual Pay Increases, Including an Average 8.1% Raise in 2024
FedSmith Reports the SEC Has the Highest Average Salary in the Federal Government, and the Most Federal Employees Earning over $200,000 per Year" And more...
https://www.secunion.org/why-join-union

[Anonymous]

Anonymous wrote:

Anonymous wrote:Never gets old hearing SEC people whine about their comp

++1
"SEC Salaries Are More Than 40% Higher than General Schedule Employees' Salaries
We Negotiate Excellent Annual Pay Increases, Including an Average 8.1% Raise in 2024
FedSmith Reports the SEC Has the Highest Average Salary in the Federal Government, and the Most Federal Employees Earning over $200,000 per Year" And more...
https://www.secunion.org/why-join-union

Haven’t received many Union emails saying that the slash to retirement benefits is justified. Weird.

[Anonymous]

Never. Now that it’s been implemented and the lemmings there seem ok with it (as evidenced by the replies here), why would mgmt cough up millions to bring it back. Ship has sailed.

But if you pay union dues, you gotta be the biggest sucker on earth.

[Anonymous]

Agree. The union works for management. Suck as many dues as possible using scare tactics. If you need the union on a serious matter "suck a duck" or whatever management tells Greg Gilman to do.

[Anonymous]

Thank you for your question.

This is Chair Gary Gensler. Although you might imagine SEC would provide updates on this policy through any number of official channels, because you’ve posted about this topic with such frequency, I’m pleased to announce an update here, on DCUM, before anywhere else.

SEC will restore the TSP match on February 29, 2026. Please refrain from asking about this topic again, or the Commission will be forced to reconsider our determination.

Love,

Gary

[Anonymous]

Anonymous wrote:Thank you for your question.

This is Chair Gary Gensler. Although you might imagine SEC would provide updates on this policy through any number of official channels, because you’ve posted about this topic with such frequency, I’m pleased to announce an update here, on DCUM, before anywhere else.

SEC will restore the TSP match on February 29, 2026. Please refrain from asking about this topic again, or the Commission will be forced to reconsider our determination.

Love,

Gary

I doubt you’ll be there in Feb 2025, much less 2026. But thanks.

Can you provide some detail on why you assumed that your budget would increase in an election year with a GOP congress and thus went on a hiring binge? (You’d probably bring an enforcement action against anyone on Wall Street you made a similar stupid assumption).