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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. Thank you! Yes, I’ve read in other threads about how great the pension is. [b]The SEC is slated to get roughly a 7.5% raise next year (give or take, it’s the raise given to GS employees plus 2.65% with some adjustments for locality). I[/b] do have to consider the part about getting fired or laid off. That’s pretty much nonexistent at the SEC unless someone isn’t even barely fulfilling their own responsibilities. I’ve never had that problem even when I was in private sector, but I know sometimes layoffs aren’t linked to performance or anything the employee can control.

Do you know what’s the policy on starting comp at the FRB?  If I’m around $200k at the SEC, would they just match or can I negotiate?  Or even worse, go off some predefined formula using years of experience and I actually have to take a cut?  [/quote]

I’m a Reserve bank employee who’s annual “merit” increases are close to the board of gov’a  2.5 range.  Don’t really understand the GS system at all, but how the heck can the SEC do 7.5% increases?  I’m feeling swindled here.  What’s the structural barrier to the Fed having such low increases? Colleagues  are mad/very concerned this year with inflation where it is.[/quote]

It was said above, but a main structural barrier is that the Federal Reserve is responsible for monetary policy.  Time and again, this has factored into raises.

If the economy is in an inflationary period, raises are well below the inflation rate to set an example of not feeding into the inflation.  If we are in a recessionary period, raises are very low to avoid the optics of Federal Reserve employees getting a windfall while others are suffering in the downturn.

You either embrace working at the central bank and what that entails or you leave.

Long time Board employee.[/quote]

Got it.  Just politics and the ever powerful “optics”.  Thanks for confirming though.  I’m only 5 years in.  Love the job, but wondering how my salary will keep up if I stay for my whole career.  My manager recently complained about the Obama era pay freezes. [/quote]

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