Reply to Are SEC/CFPB/FDIC/OCC Employees Exempt from Federal Raise Announced by Biden?

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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][quote=Anonymous][quote=Anonymous]Does the SEC do it based on the end of the performance year or end of the fiscal year?  Trying to plan ahead…[/quote]
do what, exactly? the performance year is the fiscal year, but raises aren't actually issued until april. in my previous non-gs agency, you had to be in the review system by june 30 to be eligible for the raise, at the sec i think its sept 30?

and i left a pretty hefty raise on the table to come to the SEC, but then recall what I would have paid to get away from my awful management at the previous agency and consider it a good deal. it's not always cut and dried.[/quote]

The performance year ends 12/31 and the fiscal year ends 9/30 so that part is incorrect.  [/quote]

So does anyone know the best time to to select a start date?  Would it be before 9/29 or 12/30?  I really need my bonus to finish off my student loans but would like to get a raise given the salary cut I am going to take.[/quote]

I think right before 12/30 but if you are getting a private sector bonus, I would just wait for that because it will be better than any difference in pay by choosing a strategic start date in the government. The truth is that you often don’t have too much say over start dates in any job (good luck saying I don’t want to start September 1 but instead want to start four months later) and HR people are often idiots so even though you can try to tell them that you’re starting too late in the year to get a bonus and annual pay increase and so your starting salary should take that into account, it’s likely to fall on deaf ears. And even if they say they are factoring it in, how do you really know if that’s true?[/quote]

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