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Reply to "Compensation and pension at Federal Reserve"
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[quote=Anonymous]OP here. Thank you! Yes, I’ve read in other threads about how great the pension is. The SEC is slated to get roughly a 7.5% raise next year (give or take, it’s the raise given to GS employees plus 2.65% with some adjustments for locality). I do have to consider the part about getting fired or laid off. That’s pretty much nonexistent at the SEC unless someone isn’t even barely fulfilling their own responsibilities. I’ve never had that problem even when I was in private sector, but I know sometimes layoffs aren’t linked to performance or anything the employee can control. Do you know what’s the policy on starting comp at the FRB? If I’m around $200k at the SEC, would they just match or can I negotiate? Or even worse, go off some predefined formula using years of experience and I actually have to take a cut? [/quote]
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