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][quote=Anonymous]I work for SEC- we get annual increase in PP7. It is kind of a complicated formula but works out much better than the GS pay increases.  [/quote]

It's better but it's not much better.  The SEC doesn't get step increases and those have an average value of 1.5% per year including the years where you don't get a step increase so the SEC raise is about 1.15% better than the GS raise.[/quote]

True, but the baseline starting point is way higher.   This is kinda like saying that a banker/trader earning 650K only got a 1% raise while the regulator earning 200K got a 5% raise.  Which would you rather be?[/quote]

PP-  exactly my spouse is a 15/10 and has been at the cap for years.  At the SEC I am a SK 14 at the cap and make significantly more than them.[/quote]

You aren't joking. That's like a 50k difference. [/quote]

I’m a 15-10 and my spouse at one of these agencies (not SEC) makes 64k more than me base plus gets unused pay paid out each year, better retirement matching, free dental and vision insurance (for family) etc. [/quote]

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