FDIC: CG Pay Scale and Work Culture

[Anonymous]

Where can I find a copy of the CG pay scale? I cannot seem to find the grades with steps; similar with what is available on the OPM website. Also, how is the work culture? Thanks.

[Anonymous]

From 2011:

https://www.fdic.gov/about/jobs/salarystructures.html

I hear good things about the FDIC.

[Anonymous]

No steps, just wide bands.

[Anonymous]

OP here. Thanks for the information. I did find the base salary for 2015 and I understand now that they do yearly increases based on a percentage of your salary and not steps.

Since this would be a lateral move for me, I was wondering if it would be worth the move due to the special pay.

[Anonymous]

Plus, if you are coming from outside the federal financial regulatory community, better benefits also.

[Anonymous]

So how you get raise in gov. jobs where there is no step (Fed Reserve, SEC, FDIC, etc)? Do you get a % bump every year?

So you get 1% raise when the president orders it, or is this in addition to whatever raise the agency may give you?
http://thehill.com/policy/finance/252223-obama-orders-pay-raise-for-federal-workers-military

[Anonymous]

Anonymous wrote:So how you get raise in gov. jobs where there is no step (Fed Reserve, SEC, FDIC, etc)? Do you get a % bump every year?

So you get 1% raise when the president orders it, or is this in addition to whatever raise the agency may give you?
http://thehill.com/policy/finance/252223-obama-orders-pay-raise-for-federal-workers-military

We get the bump the president gives + a negotiated percentage raise set forth in the bargaining agreement. The raise from the president increases the salary cap but the negotiated percentage does not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So how you get raise in gov. jobs where there is no step (Fed Reserve, SEC, FDIC, etc)? Do you get a % bump every year?

So you get 1% raise when the president orders it, or is this in addition to whatever raise the agency may give you?
http://thehill.com/policy/finance/252223-obama-orders-pay-raise-for-federal-workers-military

We get the bump the president gives + a negotiated percentage raise set forth in the bargaining agreement. The raise from the president increases the salary cap but the negotiated percentage does not.

So when a 1% general raise is approved, does it just increase the cap, or increase and cap and bump everyone up 1%? Even attorneys and other professional staffs are covered by union at these agencies?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So how you get raise in gov. jobs where there is no step (Fed Reserve, SEC, FDIC, etc)? Do you get a % bump every year?

So you get 1% raise when the president orders it, or is this in addition to whatever raise the agency may give you?
http://thehill.com/policy/finance/252223-obama-orders-pay-raise-for-federal-workers-military

We get the bump the president gives + a negotiated percentage raise set forth in the bargaining agreement. The raise from the president increases the salary cap but the negotiated percentage does not.

So when a 1% general raise is approved, does it just increase the cap, or increase and cap and bump everyone up 1%? Even attorneys and other professional staffs are covered by union at these agencies?

Increase and bump at my agency...I can't speak for all of the agencies though. Yes, everyone except management is covered by the union at my agency although I think it's that way in other agencies as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So how you get raise in gov. jobs where there is no step (Fed Reserve, SEC, FDIC, etc)? Do you get a % bump every year?

So you get 1% raise when the president orders it, or is this in addition to whatever raise the agency may give you?
http://thehill.com/policy/finance/252223-obama-orders-pay-raise-for-federal-workers-military

We get the bump the president gives + a negotiated percentage raise set forth in the bargaining agreement. The raise from the president increases the salary cap but the negotiated percentage does not.

So when a 1% general raise is approved, does it just increase the cap, or increase and cap and bump everyone up 1%? Even attorneys and other professional staffs are covered by union at these agencies?

Increase and bump at my agency...I can't speak for all of the agencies though. Yes, everyone except management is covered by the union at my agency although I think it's that way in other agencies as well.

good to know. I have worked with hospitals in the past, and generally the nurses, administrative staffs etc are unionized but not the doctors. I thought similar convention applies to the federal government. Good to know I was wrong!

[Anonymous]

Anonymous wrote:OP here. Thanks for the information. I did find the base salary for 2015 and I understand now that they do yearly increases based on a percentage of your salary and not steps.

Since this would be a lateral move for me, I was wondering if it would be worth the move due to the special pay.

I think you're nuts to consider a lateral move for a tiny bit more money. Which section of the FDIC? It is a very political place with some very incompetent people. But yeah, the pay is better than other agencies.

[Anonymous]

Sorry to bump this thread but I have a similar question. The current, negotiated salary increase about 4%, but it isn't clear if that incorporates the federal COLA. So, given the likely 1.3% federal employee raise for 2016, does that mean a the 2016 raise for FDIC employees is 4% or 5.3%.

I am asking as a federal employee who is looking at a lateral move from the GS scale to the CG scale. The CG scale starts higher that my current grade - 12 - GS scale and ends at a level that is 2 grades over my current level (max salary in is the GS 14 range). However, I will almost certainly get a promotion to a higher GS level (a 13) at my current agency in the next 12-18 months. Once I get to that level it will be a long time, if ever, that I can get to a higher grade level.

So I am trying to figure out if, in the long run, if it is better to stay where I am at a 12, soon to be 13, or move to FDIC at a 12 (no indication that a 13 is ever possible).

[Anonymous]

The banking agencies are funded by bank paid fees and not the Congressional budget, hence the different pay structure and yearly pay increases.

[Anonymous]

Anonymous wrote:Sorry to bump this thread but I have a similar question. The current, negotiated salary increase about 4%, but it isn't clear if that incorporates the federal COLA. So, given the likely 1.3% federal employee raise for 2016, does that mean a the 2016 raise for FDIC employees is 4% or 5.3%.

I am asking as a federal employee who is looking at a lateral move from the GS scale to the CG scale. The CG scale starts higher that my current grade - 12 - GS scale and ends at a level that is 2 grades over my current level (max salary in is the GS 14 range). However, I will almost certainly get a promotion to a higher GS level (a 13) at my current agency in the next 12-18 months. Once I get to that level it will be a long time, if ever, that I can get to a higher grade level.

So I am trying to figure out if, in the long run, if it is better to stay where I am at a 12, soon to be 13, or move to FDIC at a 12 (no indication that a 13 is ever possible).

If you have a skill set that means you can move up in the FDIC, then move. FDIC salaries cap in the low 200s. If you have a skill set that is more secretarial, I don't know that I'd move.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sorry to bump this thread but I have a similar question. The current, negotiated salary increase about 4%, but it isn't clear if that incorporates the federal COLA. So, given the likely 1.3% federal employee raise for 2016, does that mean a the 2016 raise for FDIC employees is 4% or 5.3%.

I am asking as a federal employee who is looking at a lateral move from the GS scale to the CG scale. The CG scale starts higher that my current grade - 12 - GS scale and ends at a level that is 2 grades over my current level (max salary in is the GS 14 range). However, I will almost certainly get a promotion to a higher GS level (a 13) at my current agency in the next 12-18 months. Once I get to that level it will be a long time, if ever, that I can get to a higher grade level.

So I am trying to figure out if, in the long run, if it is better to stay where I am at a 12, soon to be 13, or move to FDIC at a 12 (no indication that a 13 is ever possible).

If you have a skill set that means you can move up in the FDIC, then move. FDIC salaries cap in the low 200s. If you have a skill set that is more secretarial, I don't know that I'd move.

FDIC has a better pension than FERS doesn't it?