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Reply to "Compensation and pension at Federal Reserve"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Any chance we can get a range of the raise percentage for the various “ratings”? With apparently 0% for rock bottom performers.[/quote] 2.6% for almost everyone. 4% for the top performers. Hardly worth what it takes to be rated a top performer. [/quote] Seriously? Do they have steps at the Fed Reserve because if not the raise is less than what the GS folks will get if you add in the average value of steps over a career which is about 1.5%.[/quote] No steps. But they do a true-up every two years if your salary has not kept up with the median in your grade. For example, I got a 2% true-up in August 2021 and then 2.7% increase in December 2021 tied to the results of my annual review. I also got a $17K year-end bonus in Dec 2021. This year will be wild because of inflation. Will be interesting to see what percentages they give that are tied to the results of the annual review. [/quote]
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