No severance if salary over 250k?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$250K? Jeez no wonder.you are being fired

This is low pay for educated people with in demand skills. But you wouldn't know. Of course.

Such person should be the employer, not the employee.

DP
Actually you're totally wrong. Tech companies, oil and gas, real estate development, medicine, legal, accounting, etc also have many many many worker bees making this kind of money. Don't worry though, all those jobs are going to AI and India, so we'll all be as poor as you soon. Actually we might be pushing you out of your job, because we can use these tools and replace 3 of you at the same cost to the companies. You can do all the construction as those people are being deported.

[Anonymous]

Anonymous wrote:We pay Managers with 5-8 years of professional experience $200K-$300K at my private sector firm.

Feds with 15-20 years experience making $250K are not unusual. Their skills and experience are unique and invaluable for the roles they serve. The people at regularly agencies catching and fining organizations for fraud and non-compliance earn their pay many times over. Those saving lives and discovering cures for diseases could have made more in the private sector. Once these displaced Feds resettle elsewhere, we’re going to see a dramatic brain drain. Don’t complain when it takes too long to approve a new drugs, food being unsafe or credit card companies/bank charge even more for overdrafts and late payments.

Private sector - we start our new hires at 200k (plus bonuses) fresh out of MS with one internship. Can't expect good people in the government sector of they can't at least give the illusion of competitiveness.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$250K? Jeez no wonder.you are being fired

This is low pay for educated people with in demand skills. But you wouldn't know. Of course.

Such person should be the employer, not the employee.

DP
Actually you're totally wrong. Tech companies, oil and gas, real estate development, medicine, legal, accounting, etc also have many many many worker bees making this kind of money. Don't worry though, all those jobs are going to AI and India, so we'll all be as poor as you soon. Actually we might be pushing you out of your job, because we can use these tools and replace 3 of you at the same cost to the companies. You can do all the construction as those people are being deported.

Pretty sure PP is a foreign troll rather than an actual factory worker duped into hating the middle class instead of the actual billionaires.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s here - https://www.opm.gov/policy-data-oversight/pay-leave/pay-administration/fact-sheets/severance-pay/, specifically, employee is ineligible for severance pay if s/he… holds a position for which the rate of basic pay is fixed at an Executive Schedule (EX) rate or has a rate of basic pay in excess of the official rate of pay for EX level 1.

Executive level 1 pay is $250,600.

Also at a fin regulator undergoing RIFs - I’m reading the above to mean that as long as your base salary is not above 250K (prior to adding locality pay) the employee may be eligible for severance

Are you sure? My understanding is that base pay includes locality area but not bonuses.

[Anonymous]

I wish someone would clarify this. It’s giving me panic attacks.

[Anonymous]

Anonymous wrote:I wish someone would clarify this. It’s giving me panic attacks.

Me too. I just bumped over this amount a couple months ago by a very small amount after a promotion. I was never at all close to the number before in my whole government career (but I made this much in the private sector nearly 20 years ago).

[Anonymous]

It's in the regs. If your salary is over $250,600, there's no severance. This is your salary including your locality pay. Opm's definition of basic pay always includes locality pay. It does not include bonuses.

Ineligibility for Severance Pay
An employee is not eligible for severance pay if he or she—
holds a position for which the rate of basic pay is fixed at an Executive Schedule (EX) rate or has a rate of basic pay in excess of the official rate of pay for EX level I.

https://www.opm.gov/policy-data-oversight/pay-leave/pay-administration/fact-sheets/severance-pay/

[Anonymous]

Anonymous wrote:It's in the regs. If your salary is over $250,600, there's no severance. This is your salary including your locality pay. Opm's definition of basic pay always includes locality pay. It does not include bonuses.

Ineligibility for Severance Pay
An employee is not eligible for severance pay if he or she—
holds a position for which the rate of basic pay is fixed at an Executive Schedule (EX) rate or has a rate of basic pay in excess of the official rate of pay for EX level I.

https://www.opm.gov/policy-data-oversight/pay-leave/pay-administration/fact-sheets/severance-pay/

Inal but I don't think so. I believe that cap is for pay set under GS or 5376. But I'm happy to be corrected on that.

[Anonymous]

Anonymous wrote:It's in the regs. If your salary is over $250,600, there's no severance. This is your salary including your locality pay. Opm's definition of basic pay always includes locality pay. It does not include bonuses.

Ineligibility for Severance Pay
An employee is not eligible for severance pay if he or she—
holds a position for which the rate of basic pay is fixed at an Executive Schedule (EX) rate or has a rate of basic pay in excess of the official rate of pay for EX level I.

https://www.opm.gov/policy-data-oversight/pay-leave/pay-administration/fact-sheets/severance-pay/

I think there is more autonomy than this at finregs where there is higher pay.

[Anonymous]

Did anybody from FDIC get info about severance yet?

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's in the regs. If your salary is over $250,600, there's no severance. This is your salary including your locality pay. Opm's definition of basic pay always includes locality pay. It does not include bonuses.

Ineligibility for Severance Pay
An employee is not eligible for severance pay if he or she—
holds a position for which the rate of basic pay is fixed at an Executive Schedule (EX) rate or has a rate of basic pay in excess of the official rate of pay for EX level I.

https://www.opm.gov/policy-data-oversight/pay-leave/pay-administration/fact-sheets/severance-pay/

I think there is more autonomy than this at finregs where there is higher pay.

I'm at one and there is zero autonomy about it. OPM steps in and applies the rules, if we're lucky enough and they don't eliminate the entire series or offices. I went through a RIF before.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$250K? Jeez no wonder.you are being fired

This is low pay for educated people with in demand skills. But you wouldn't know. Of course.

Such person should be the employer, not the employee.

These people are SES and supervise hundreds of people. Ours are worth a whole lot more than 250k and would get more in private sector.

+1

My brother is a CEO of a nonprofit, and his salary is 4M/yr. Should he decide to work for GS, his salary would be 40M/year.

That's a non-profit I would never donate to. Wasteful.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$250K? Jeez no wonder.you are being fired

This is low pay for educated people with in demand skills. But you wouldn't know. Of course.

Boohoo. $250K +?? You got fired for your bloated pay on my tax dollars. What skills do you have outside of government?

Why don't you go first and tell us about your skills that make you so valuable in the private sector?