Reply to Finreg or best paying federal agencies?

Forum Index » Jobs and Careers

Reply to "Finreg or best paying federal agencies?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]different finregs have differing benefits and payscales.

SEC will not pay match, but will calculate your pay in your position band based on an experience matrix. the resume you submit to the job application has to have ALL of your work experience in order for that to be used in the pay calculation. I think CFTC and FDIC also have secret pay matrices rather than pay matching.

SEC offers an additional 3% retirement match into a *cash* account that vests after 3 years that you can sweep into the TSP on a rolling basis until its fully vested at 5 years. If your annual raise takes you over the maximum of the payband the overage is given as a cash bonus. You can roll over 400ish hours of annual leave, all employees now start receiving 6 hours of leave per pay period rather than starting at 4, and the bump to 8 happens at 10 years of service. They provide vision and dental insurance, and options to purchase life insurance, STD, and LTD policies.

At OFR, if you contribute 5% to TSP and 1% to the OFR 401k, OFR will match 5% in the TSP and deposit an additional 5% match in the 401k. There is also a $1400 health-and-wellness benefit, STD and LTD and life insurance policies, as well as dental and vision. OFR uses OCC geo-pay tables, so calculations involving base salary and geo pay will vary compared to other agencies.

CFPB leverages the FRB pension plan, which is very different than the FERS plan (calculations are complex, but it works out to about 1.3% per year rather than the FERS 1%). I believe once you are at 5 years you can decide whether to roll over your FERS years into the FRB plan, the only caveat is there is no way to roll BACK if you go back to a FERS position before retirement, and the FRB plan makes it very punitive to retire before 67. OTOH, you can retire at 55 after 5 years.

FDIC does a total of a 10% match to a thrift plan, CFPB does 8%, FRB does 7%.

There are generally not different type of payscales per speciality in the finregs, there can be IT specialists and lawyers and economists all in SK-14 payscale, which is the "equivalent" of a GS-14.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics