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]The lesson learned from this thread is to negotiate your pay knowing what the merit raise will be for the next year in the CBA (i.e. akin to what biglaw laterals do when lateraling to other biglaw firms and negotiating to get the full bonus even though he/she didn't work at the firm for the whole year). [/quote]

You really can't negotiate at the SEC.  They have a matrix based on years of experience and you get what you get.  You can ask them to reconsider to make sure they put you in there correctly because errors definitely happen but if they've done it correctly that's the pay you're going to get.[/quote]

That is fair, but may be different at the banking agencies.[/quote]

Basically every FIRREA agency is going to be different. a previous agency gave me 15% bump over my private-sector salary+bonus, which fortunately had just been raised. but I started too late (july) to qualify for the performance raise.

at the SEC, employees who are onboard during the 8th pay period will receive the GS increase plus locality starting in the 9th pay period. Employees who were onboard as of Oct 31 the prior year AND received an acceptable rating will receive the 2.65% merit increase.

but the fact remains it's as impossible to time an agency transfer into a solid role as it is to time the stock market. may the odds be ever in your favor![/quote]

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