CFTC offering the fork again

[Anonymous]

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

Are you talking about severence? It's everyone with a salary of over 250,600. The limit changes based on the executive salary but the eligibility applies to all. Ask HR.

[Anonymous]

Anonymous wrote:

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

Are you talking about severence? It's everyone with a salary of over 250,600. The limit changes based on the executive salary but the eligibility applies to all. Ask HR.

So awesome. If I get RIFfd I’ll be on unemployment and food stamps.

[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.

what?

working for the gov and making more than $250K ??

wow, this is long overdue, the more they peel back the onion the more you realize the federal government is wasting so much taxpayer money. 50% cuts are not enough

The government pays higher salaries for highly qualified professionals like doctors and financial regulatory lawyers. I could step out the door and earn three times that much. Not sure why it would be good policy for an agency to lose its best and brightest to the private sector just when it is going to get a huge new portfolio of work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

what?

working for the gov and making more than $250K ??

wow, this is long overdue, the more they peel back the onion the more you realize the federal government is wasting so much taxpayer money. 50% cuts are not enough

The government pays higher salaries for highly qualified professionals like doctors and financial regulatory lawyers. I could step out the door and earn three times that much. Not sure why it would be good policy for an agency to lose its best and brightest to the private sector just when it is going to get a huge new portfolio of work.

a doctor I understand.

a lawyer? ridiculous.

let them get a real job then in industry.

with pleasure. Enjoy your financial instability.

[Anonymous]

Apparently, the Agency sent an email to all employees last night regarding reorgs with FAQs, which states, among other things:

No. The agency has no plans for RIFs.

Of course, we shall see.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

what?

working for the gov and making more than $250K ??

wow, this is long overdue, the more they peel back the onion the more you realize the federal government is wasting so much taxpayer money. 50% cuts are not enough

The government pays higher salaries for highly qualified professionals like doctors and financial regulatory lawyers. I could step out the door and earn three times that much. Not sure why it would be good policy for an agency to lose its best and brightest to the private sector just when it is going to get a huge new portfolio of work.

a doctor I understand.

a lawyer? ridiculous.

let them get a real job then in industry.

with pleasure. Enjoy your financial instability.

In normal times maybe but in this economy the market is flooded with these finreg attorneys, despite them being mostly insulated from reductions. Plus most of them aren’t even doing the sought after reg work. They talk a tough talk but would be shaking in their white shoes if they even dare to take a buyout.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

what?

working for the gov and making more than $250K ??

wow, this is long overdue, the more they peel back the onion the more you realize the federal government is wasting so much taxpayer money. 50% cuts are not enough

The government pays higher salaries for highly qualified professionals like doctors and financial regulatory lawyers. I could step out the door and earn three times that much. Not sure why it would be good policy for an agency to lose its best and brightest to the private sector just when it is going to get a huge new portfolio of work.

a doctor I understand.

a lawyer? ridiculous.

let them get a real job then in industry.

with pleasure. Enjoy your financial instability.

In normal times maybe but in this economy the market is flooded with these finreg attorneys, despite them being mostly insulated from reductions. Plus most of them aren’t even doing the sought after reg work. They talk a tough talk but would be shaking in their white shoes if they even dare to take a buyout.

So wrong of us not to anticipate that the workforce would be torn apart by an arbitrary fascist government. We should have anticipated an OPM head who specifically wanted to torture us out of political retribution, unrelated to what our regulated industries need. Yes, if I knew we would descend into this kind of politically motivated attack against civil servants out of a 1970s south American dictator’s playbook, I would have stuck with private firms. although not even private firms can escape Trump.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

what?

working for the gov and making more than $250K ??

wow, this is long overdue, the more they peel back the onion the more you realize the federal government is wasting so much taxpayer money. 50% cuts are not enough

The government pays higher salaries for highly qualified professionals like doctors and financial regulatory lawyers. I could step out the door and earn three times that much. Not sure why it would be good policy for an agency to lose its best and brightest to the private sector just when it is going to get a huge new portfolio of work.

a doctor I understand.

a lawyer? ridiculous.

let them get a real job then in industry.

with pleasure. Enjoy your financial instability.

In normal times maybe but in this economy the market is flooded with these finreg attorneys, despite them being mostly insulated from reductions. Plus most of them aren’t even doing the sought after reg work. They talk a tough talk but would be shaking in their white shoes if they even dare to take a buyout.

So wrong of us not to anticipate that the workforce would be torn apart by an arbitrary fascist government. We should have anticipated an OPM head who specifically wanted to torture us out of political retribution, unrelated to what our regulated industries need. Yes, if I knew we would descend into this kind of politically motivated attack against civil servants out of a 1970s south American dictator’s playbook, I would have stuck with private firms. although not even private firms can escape Trump.

Of course, Trump is here to make America, be it the private or public sector, great again.

[Anonymous]

Anonymous wrote:Apparently, the Agency sent an email to all employees last night regarding reorgs with FAQs, which states, among other things:

No. The agency has no plans for RIFs.

Of course, we shall see.

Crazy that any agency these days would put that in writing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Apparently, the Agency sent an email to all employees last night regarding reorgs with FAQs, which states, among other things:

No. The agency has no plans for RIFs.

Of course, we shall see.

Crazy that any agency these days would put that in writing.

Not that crazy. It’s just a technicality-no plan for RIF, but plan can of course change at anytime.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Apparently, the Agency sent an email to all employees last night regarding reorgs with FAQs, which states, among other things:

No. The agency has no plans for RIFs.

Of course, we shall see.

Crazy that any agency these days would put that in writing.

the Commission is making a major play to regulate crypto. It’s hard to see how indiscriminately cutting staff fits with that. Pham is already doing what industry wants wrt defanging “regulation by enforcement.”

also the agency is already down 15% vs last year.

15% is nothing compared to most agencies.

[Anonymous]

It’s also a comparatively small agency already with about 600 employees nationwide right now. Not much available to trim.

[Anonymous]

Anonymous wrote:It’s also a comparatively small agency already with about 600 employees nationwide right now. Not much available to trim.

Even easier to be absorbed by the SEC.

[Anonymous]

What are the chances that they move CFTC out of DC?