CFTC offering the fork again

[Anonymous]

Do we think that this means RIFs are soon to come? I was also surprised to read that if we are RIF'd and earn more than $250,600, we get no severance. That is a large chunk of CFTC employees.

[Anonymous]

May the fork be with you.

[Anonymous]

Anonymous wrote:Do we think that this means RIFs are soon to come? I was also surprised to read that if we are RIF'd and earn more than $250,600, we get no severance. That is a large chunk of CFTC employees.

I believe that’s basic pay, not including locality. You should double check.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do we think that this means RIFs are soon to come? I was also surprised to read that if we are RIF'd and earn more than $250,600, we get no severance. That is a large chunk of CFTC employees.

I believe that’s basic pay, not including locality. You should double check.

yes, it is basic pay

[Anonymous]

Basic pay includes locality pay (I think people are confusing base pay and basic pay):

Q: What is considered a rate of basic pay for the purpose of computing an employeeʼs severance pay benefit?
The term “rate of basic pay” includes certain payments in addition to an employeeʼs base pay rate as required by law or regulation:
• Locality pay…

https://www.opm.gov/media/slbn4ova/severance-pay-frequently-asked-questions.pdf

[Anonymous]

Anonymous wrote:Basic pay includes locality pay (I think people are confusing base pay and basic pay):

Q: What is considered a rate of basic pay for the purpose of computing an employeeʼs severance pay benefit?
The term “rate of basic pay” includes certain payments in addition to an employeeʼs base pay rate as required by law or regulation:
• Locality pay…

https://www.opm.gov/media/slbn4ova/severance-pay-frequently-asked-questions.pdf

Yep, it includes locality. what a jerk.

[Anonymous]

Is it the same fork as before -- i.e., pays you only through 9/30?

[Anonymous]

Any word on how large the RIFs will be and when they will happen?

[Anonymous]

It seems that is talking about certain employees on the executive schedule not other types of fed workers.

[Anonymous]

Anonymous wrote:Is it the same fork as before -- i.e., pays you only through 9/30?

Yep. I have a hard time understanding why anyone would take it unless they knew they were being targeted to be demoted or eliminated. maybe that was the whole point though.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is it the same fork as before -- i.e., pays you only through 9/30?

Yep. I have a hard time understanding why anyone would take it unless they knew they were being targeted to be demoted or eliminated. maybe that was the whole point though.

Are managers quietly giving people a heads-ip that they are likely to be RIFed?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Is it the same fork as before -- i.e., pays you only through 9/30?

Yep. I have a hard time understanding why anyone would take it unless they knew they were being targeted to be demoted or eliminated. maybe that was the whole point though.

Are managers quietly giving people a heads-ip that they are likely to be RIFed?

As if managers have any idea what is going on...

[Anonymous]

Some divisions are meeting today to discuss reorganizations and informing staff that they are in high RIF zones and giving them the option to take the Fork.

[Anonymous]

Anonymous wrote:Some divisions are meeting today to discuss reorganizations and informing staff that they are in high RIF zones and giving them the option to take the Fork.

Which divisions?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Some divisions are meeting today to discuss reorganizations and informing staff that they are in high RIF zones and giving them the option to take the Fork.

Which divisions?

Office of the Chief Economist and Divisions of Enforcement and Market Oversight.