2nd interview with CFPB - safe agency?

[Anonymous]

The job prospect is a little closer now and so I’m doing more research. Are current CFPB employees concerned about being returned to the GS schedule and reduced pay, particularly if Trump wins? Part of my interest there is the better pay and benefits.

[Anonymous]

Why and how do you think the CFPB is moving out of the Fed. Wouldn’t that take an act of Congress?

[Anonymous]

Yes, but I read of a proposal this past March, and several prior failed proposals.

[Anonymous]

There is no way that would happen unless you think that the Ds will lose the House. I really wouldn't worry.

[Anonymous]

No worries.

[Anonymous]

This agency sucks.

[Anonymous]

Anonymous wrote:Yes, but I read of a proposal this past March, and several prior failed proposals.

Dear God Congress can’t pass anything. Don’t worry about it.

[Anonymous]

I work there ; it’s safe and much better than GS Schedule but culture depends on where you work within the agency.

[Anonymous]

Anonymous wrote:I work there ; it’s safe and much better than GS Schedule but culture depends on where you work within the agency.

How's the culture on the admin side - not attorneys or analysts, but more like HR, IT support, etc.?

[Anonymous]

Operations really depends on the specific group; I"m not sure about HR but IT is an ok group I think; it really depends on your immediate supervisor just like any job. Overall it is a good agency but the biggest adjustment for me was coming from a very large agency to a very very small agency where most of the people were never Fed's before so it does have more of a private sector feel to it, hope that helps!

[Anonymous]

I read on a different post that Feds under FERS who join CFPB may/may not be able to convert to the more lucrative Fed Pension System. Can someone confirm the answer?

[Anonymous]

You can convert you have 30 or 60 days once you join to decide if you want to switch; that’s what I did.

[Anonymous]

Anonymous wrote:You can convert you have 30 or 60 days once you join to decide if you want to switch; that’s what I did.

Thanks. So, why would you not? Conceivably, could you join CFPB with 25 years under FERS and then do 5 years under the Fed system, then retire at 60 and reap the 1.3 and 1.8% pensions amounts, respectively, based on your 30 years? Does that make sense? I don’t see this info anywhere.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You can convert you have 30 or 60 days once you join to decide if you want to switch; that’s what I did.

Thanks. So, why would you not? Conceivably, could you join CFPB with 25 years under FERS and then do 5 years under the Fed system, then retire at 60 and reap the 1.3 and 1.8% pensions amounts, respectively, based on your 30 years? Does that make sense? I don’t see this info anywhere.

The proposal you describe is accurate, and many people do it. The reason not to convert is if you do not think you will be there for the long haul and would rather continue to accrue service in FERS. For example, if you came in with 5 years of FERS, converted that to FRB and stayed five years, you would only have 10 years of service in the Fed system and would have to start from zero if you went back to a FERS agency. Rare, but it happens.

[Anonymous]

So if you go back to a FERS agency what do you lose?