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]Wow, the salary changes at the FDIC will really harm recruitment. They were always paid more than us at the Fed Board, but the pension at the Fed made up for the lower salary. Now? If FDIC is getting Fed pay but without the more lucrative pension, its a bad move. [/quote]

Yeah not worth it to go to the fdic now. Pretty sure any other financial regulator will yield a higher offer. But most people at the fdic have been there awhile and are maxed out on the pay scale which means they’re making about $260k or more (salary plus bonus plus annual payouts for being maxed out), and those folks aren’t going anywhere! The glory days of the fdic are over though for new hires and unfortunately gruenberg seems too clueless to fix the problem. There are underlings who helped McWilliams develop the new pay scheme and I am guessing they have convinced gruenberg that it’s a wonderful new system.  [/quote]

Just got to fdic and thought my salary was fair....now I see that I got shafted. Should I start looking elsewhere?[/quote]

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