Reply to Compensation and pension at Federal Reserve

Forum Index » Jobs and Careers

Reply to "Compensation and pension at Federal Reserve"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is the Fed really offering 2.5% increase a year? Will they get the 4.6% like the rest of the fed gov?Any bonus potential?[/quote]

Merit and variable pay were approved weeks ago, and the base merit increase was included in that announcement. [/quote]

What were they on average? Considering a lateral move to the board from a fin reg and wondering if it is worth it.[/quote]

Neither merit increases nor variable pay applies to those hired after July 1st of each year. Variable pay is set by each division based on an individual's performance rating (and, fyi, variable pay is not included in salaries that are disclosed to FOIA requests).

Variable pay is quite substantial for attorneys, economists, and officers. For these categories, Board pay will be higher than other financial regulators. It's is less significant for all others. [/quote]

What percentage or amount is the variable pay typically for economists and attorneys? Does the year-end bonus include variable pay? [/quote]

Do you have an offer?  Ask HR.  If you work for the Fed, you already know.  [/quote]

Not PP, but seems pretty obvious that poster does not currently work for the Fed and is seeking information to help inform a decision about potential employment.  Why would you respond that way?

PP the year end bonus is the variable pay.  Same thing. [/quote]

Because PP isn't considering employment at the Board, they're trying to troll. The pay scales on the web provide plenty of info for a potential applicant. Specific questions about variable pay and pension are addressed, like any other employer, at the offer stage. Sorry that I don't intend to feed the trolls. [/quote]

Upthread PP said they were at a finreg.  So let's say they are a FR-27 equivalent analyst.  That means they could be making, for example, 165K at OCC.
The published pay scale for FR-27 is 127-219K.  There is ZERO published information about VP.

So what they are able to know at the point they decide whether to apply or interview is that they could make 40K less or 60K more.  And that doesn't even account for VP.  If they knew that VP was likely to be around 15% of base, they would know that the LEAST they could make is 150K, and that they would get the Fed Pension.

How is this not a valid question?

(https://careers.occ.gov/pay-and-benefits/salary/index-occ-salary-structure.html)[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics