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Reply to "Are SEC/CFPB/FDIC/OCC Employees Exempt from Federal Raise Announced by Biden?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s worth noting that most of these pay scales get step increases, so a 6.1% at FDIC is the raise in total. I assume it’s like this at other regulators too.[/quote] Assume you meant don't get step increases?[/quote] Just that….there are no steps. It’s a pay band. You move up the band through percentage increases, so this 6.1% is inclusive of the COLA everyone else gets, plus like 1%+ of an actual raise in pay. The people on this thread saying they get the shaft…..you will get the COLA increase that comes to everyone to match with OPM locality pay. It’s not a ton, but you will get it.[/quote]
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