Will SEC escape RIFs due to large number of exits?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:At another FIRREA. I don't know but I really think they want to fire people, across government, and in a substantial amount from every agency. In the blow-up cabinet meeting, when Elon was yelling at Rubio for not firing enough people, Rubio stated that they had already had 1500 people retire. Musk said that he needed to FIRE people-- not just work with more regular/voluntary attrition. Rubio sarcastically asked if he should stop the retirements so that he could fire them instead. And then at least in a few RIF-related leaks, people have reported that retirement-based attrition, people who took the Fork, and so on will NOT be counted towards the total percentage to be fired.

They are obviously doing a great job getting people to leave because of the toxic environment but I do think they want to make a huge spectacle of it. And for that reason, I don't think anyone is safe.

It’s paranoia. Anyone who voluntarily leaves didn’t mind going, and therefore were never a threat in the first place. People who stay, despite tempting offers of generous administrative leave and early retirement, are suspect of wanting to embed themselves for nefarious purposes. It’s the way they think and it’s evident in every action they do.

This+ the several PP saying ADs and SOs do nothing are clues that the SEC mission is irrelevant and staff is unaccountable. Therefore people leaving do not matter. The SEC will carry on nefariously w the survivors, just fewer of them.

Oh please. I'd happily take VSIP if Trump hadn't just tanked the economy and job market. No one wants to leave in these conditions unless they can retire.
If they'd made the same offer last fall or even in January, people would have stampeded.

+100.

[Anonymous]

Or give the people here an option to take their severance packages + VERA (much larger than $50K VERA/VSIP), and I bet a *lot* of long time career service people will bite…

[Anonymous]

Anonymous wrote:Or give the people here an option to take their severance packages + VERA (much larger than $50K VERA/VSIP), and I bet a *lot* of long time career service people will bite…

That’s not going to happen. Among other reasons, those people aren’t going to go in a RIF. The $50k is already double the typical amount.

[Anonymous]

Anonymous wrote:Or give the people here an option to take their severance packages + VERA (much larger than $50K VERA/VSIP), and I bet a *lot* of long time career service people will bite…

You are assuming that the goal is Force reduction. It's not. They've said that the goal is the degradation and humiliation of the civil service.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If the SEC is self-funded, then gutting it won't be related to cost cutting. Wow you don't say

It’s not self-funded. It’s budget neutral, actually positive, since it brings in more than it costs. But it is still funded by appropriations from Congress, not the money it brings in, which goes to the Treasury.

I’m at another FIRREA that is fully self-funded and we have a DOGE rep, trying to cut costs and reduce staffing. Also, our VSIP incentive is 8 months pay, so hopefully we get enough to leave through VERA/VSIP.

Which FIRREA is offering 8 months? Not like it needs to be a "secret" ... every FIRREA is impacted. The only independent that is truly successful at staying independent is the Fed. They haven't done one thing coming out of OPM or OMB because they said "you can't make me" and stuck to that. The others all caved ...

So which one? Maybe know will help others ...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If the SEC is self-funded, then gutting it won't be related to cost cutting. Wow you don't say

It’s not self-funded. It’s budget neutral, actually positive, since it brings in more than it costs. But it is still funded by appropriations from Congress, not the money it brings in, which goes to the Treasury.

I’m at another FIRREA that is fully self-funded and we have a DOGE rep, trying to cut costs and reduce staffing. Also, our VSIP incentive is 8 months pay, so hopefully we get enough to leave through VERA/VSIP.

Which FIRREA is offering 8 months? Not like it needs to be a "secret" ... every FIRREA is impacted. The only independent that is truly successful at staying independent is the Fed. They haven't done one thing coming out of OPM or OMB because they said "you can't make me" and stuck to that. The others all caved ...

So which one? Maybe know will help others ...

Not PP. but the 8 months severance is referring to FHFA. Also, takers don’t have to leave the agency until 6/30. So they’re actually good until February 2026. Lastly, they can combine that with VERA. I can’t imagine any old people left at the agency after this. You’d have to be pretty stupid NOT to take the package.

[Anonymous]

There isn’t going to be a RIF at the SEC. Maybe there will be in the future but not now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If the SEC is self-funded, then gutting it won't be related to cost cutting. Wow you don't say

It’s not self-funded. It’s budget neutral, actually positive, since it brings in more than it costs. But it is still funded by appropriations from Congress, not the money it brings in, which goes to the Treasury.

I’m at another FIRREA that is fully self-funded and we have a DOGE rep, trying to cut costs and reduce staffing. Also, our VSIP incentive is 8 months pay, so hopefully we get enough to leave through VERA/VSIP.

Which FIRREA is offering 8 months? Not like it needs to be a "secret" ... every FIRREA is impacted. The only independent that is truly successful at staying independent is the Fed. They haven't done one thing coming out of OPM or OMB because they said "you can't make me" and stuck to that. The others all caved ...

So which one? Maybe know will help others ...

Not PP. but the 8 months severance is referring to FHFA. Also, takers don’t have to leave the agency until 6/30. So they’re actually good until February 2026. Lastly, they can combine that with VERA. I can’t imagine any old people left at the agency after this. You’d have to be pretty stupid NOT to take the package.

FHFA is a really elderly agency although most of the 70+ feds there finally retired during Covid.

[Anonymous]

Anonymous wrote:There isn’t going to be a RIF at the SEC. Maybe there will be in the future but not now.

Right, there isn’t going to be RTO at the SEC thanks to the strong CBA. Maybe there will be after 2027 but not now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There isn’t going to be a RIF at the SEC. Maybe there will be in the future but not now.

Right, there isn’t going to be RTO at the SEC thanks to the strong CBA. Maybe there will be after 2027 but not now.

LOL. Tell that to colleagues in NYC who are like yeah so my commute from Long Island or Bergen county is going to be 2 hrs door to door.

Granted I think we'll have fewer RIFs than feared bc of the strong uptake on VERA but no RIFs? Come on let's not be so optimistic.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There isn’t going to be a RIF at the SEC. Maybe there will be in the future but not now.

Right, there isn’t going to be RTO at the SEC thanks to the strong CBA. Maybe there will be after 2027 but not now.

Given the rockstar union head with all his connections, I expect the agency to hire 500 more staff next month and permit fully remote work for everyone. I assume this month was just a bump in the road maybe bc he was out of town?

[Anonymous]

Managers at other agencies were telling people they were safe right up to DOGE coming in and firing them. Color me skeptical…

[Anonymous]

Anonymous wrote:There isn’t going to be a RIF at the SEC. Maybe there will be in the future but not now.

Why wait?

[Anonymous]

Anonymous wrote:

Anonymous wrote:There isn’t going to be a RIF at the SEC. Maybe there will be in the future but not now.

Why wait?

IDK I agree but people are saying not now bc the 200 with Fork + 400 (I've heard) VERAs, will be enough % decline to "satisfy" the administration for right now. Then with an even tighter budget Sept 30, you'll need more cutbacks and the Fork/VERA/VSIP likely won't be offered again.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There isn’t going to be a RIF at the SEC. Maybe there will be in the future but not now.

Right, there isn’t going to be RTO at the SEC thanks to the strong CBA. Maybe there will be after 2027 but not now.

Given the rockstar union head with all his connections, I expect the agency to hire 500 more staff next month and permit fully remote work for everyone. I assume this month was just a bump in the road maybe bc he was out of town?

The rockstar is probably working his connections right now.