This month, the outstanding debt of the United States reached the statutory limit. The Treasury Department has begun taking “extraordinary measures” to prevent the U.S. from defaulting on its financial obligations. This includes suspending investments in the Civil Service Retirement and Disability Fund as well as reinvestment of Treasury securities held by the TSP’s G-Fund until Congress acts to raise the debt limit. By law, the funds will be made whole once the debt limit has been raised. Federal employees will not be affected by these actions.
Treasury Secretary Janet Yellin has urged... Read more ...
More Union News
10/23/2022
Last week, Chair Gensler’s disagreements with the union over negotiations for our new Collective Bargaining Agreement (CBA) and pandemic return to office (RTO) issues both went to litigation before the Federal Service Impasses Panel (FSIP).
After five all-day mediation sessions before a federal mediator at the Federal Mediation and Conciliation Service (FMCS), Chair Gensler’s team refused the union’s efforts to reach a compromise on any of the primary areas of disagreement remaining in our CBA dispute. For example, the Chair continues to make unreasonable demands regarding telework,... Read more ...
After five all-day mediation sessions before a federal mediator at the Federal Mediation and Conciliation Service (FMCS), Chair Gensler’s team refused the union’s efforts to reach a compromise on any of the primary areas of disagreement remaining in our CBA dispute. For example, the Chair continues to make unreasonable demands regarding telework,... Read more ...
09/30/2022
WHEN: On Tuesday, October 25, from 12:00 PM to 1:00 PM Eastern, NTEU Chapter 293 will hold its annual member meeting. Due to the SEC's current office status, the meeting will be held via WebEx. The union's panel will appear live at the Station Place Auditorium. WebEx connection information will be sent out to union members prior to the event.
NONMEMBERS: Over 75% of bargaining unit (non-management) employees at the SEC are members of the union. Any bargaining unit employee who is not yet a member of the union who would like to attend the meeting may join the union by filling out boxes 1, 2... Read more ...
NONMEMBERS: Over 75% of bargaining unit (non-management) employees at the SEC are members of the union. Any bargaining unit employee who is not yet a member of the union who would like to attend the meeting may join the union by filling out boxes 1, 2... Read more ...
09/28/2022
Today, SEC Chair Gary Gensler’s management team and the union are commencing mediation sessions at the Federal Mediation and Conciliation Service (FMCS) regarding our stalled Collective Bargaining Agreement (CBA) negotiations. The parties remain in disagreement over numerous aspects of our basic employment agreement, such as how our pensions are funded, existing limitations on the Student Loan Repayment Program, how our annual leave is accrued, and what our post-pandemic telework program will look like. As the CBA talks edge closer towards litigation, it is important to understand the basic... Read more ...
09/13/2022
A number of SEC union members have asked the union about our positions on telework during our negotiations with Chair Gensler’s management negotiating team over a new Collective Bargaining Agreement (CBA) during the summer. NTEU Chapter 293 does not typically take positions during bargaining, but instead seeks to identify the important interests of both parties in an effort to narrow areas of disagreement. In keeping with that strategy, late last spring the union’s CBA negotiating team made the following PowerPoint presentation to SEC management regarding important interests related to... Read more ...
08/11/2022
The union is receiving an increasing number of inquiries about the status of the union’s bargaining over the SEC’s plan to return all staff to the office for mandatory in-person work (“RTO”) in January. We regret to inform you that management notified the union this week that Chair Gensler has opted to immediately take the matter to the Federal Mediation and Conciliation Service (“FMCS”). Mediation at FMCS usually constitutes the first step towards bringing a bargaining “impasse” to the Federal Service Impasses Panel (“FSIP”) for resolution through litigation.
Chair Gensler’s decision to go... Read more ...
Chair Gensler’s decision to go... Read more ...
Biden Officially Proposes an Average 5.2% Pay Increase for Federal Workers and the Military in 2024
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