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[quote=Anonymous][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]

It's natural to obsess over topline salary figures but don't forget that FERS takes a significant cut: 4.4% employee contribution = $8800 tax on a $200k salary every year.  A Fed Reserve employee contributes 0% so effectively makes $8800 more at the same base salary, plus receives better bonuses, better pension rates, and the Fed pension counts bonuses when calculating high salary levels, whereas crappy FERS doesn't count bonuses, just base salary.  It's relatively easy to roll over FERS service credits into the Fed pension plan.  Also the Fed has much better vision and dental insurance than the garbage FEDVIP plans, plus its own (good) in-house Thrift plan that Congress won't constantly screw with like they do with TSP.
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Also the FRB thrift has an 8% match vs. 5% for the normal TSP.

I've never complained about the lack of steps within the FR pay grades. It really doesn't matter when you look at all the superior compensation levers that the FRB provides. The steps on the GS scale are a pathetic distraction. [/quote]

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