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12/05/2017
Last week, bills were introduced in the House and Senate to cut the pay and benefits by as much as one-third of NTEU-represented employees working at the Consumer Financial Protection Bureau (CFPB) by moving them to the General Schedule (GS) pay system. NTEU had previously voiced our objection to this legislation when it was introduced in the House of Representatives in prior sessions of Congress and remains opposed. This bill would significantly harm CFBP’s ability to hire and retain knowledgeable and experienced professionals. No other financial regulatory agency is under the GS schedule. ... Read more ...
11/08/2017
Federal employees will soon have more flexibility to manage their Thrift Savings Plan (TSP) accounts under legislation that has passed both houses of Congress with strong bipartisan support and now awaits the president’s signature.
“Passage of this legislation is a victory for NTEU members and all federal employees and retirees,” said Tony Reardon, National President of the National Treasury Employees Union (NTEU).
The TSP Modernization Act, endorsed by NTEU, was approved by the House in October and unanimously passed the Senate this week. It is a noncontroversial and common-sense proposal to... Read more ...
10/19/2017
According to the recently published 2017 Federal Employee Viewpoint Survey (FEVS) results, the SEC has continued its impressive upward progress in the FEVS rankings. This progress over the past few years is directly attributable to a large scale, multi-year, joint labor-management initiative at the agency specifically designed to improve the agency’s previously poor showing in the FEVS. Over the past several years, literally hundreds of managers and frontline staff union representatives have teamed up in each office and division at the SEC, collaborating together to improve employee... Read more ...
10/05/2017
Today, the House passed a Fiscal Year (FY) 2018 budget resolution (H. Con. Res. 71) by a vote of 219-206 that directs the Committee on Oversight and Government Reform to produce at least $32 billion in cuts. This committee primarily has jurisdiction over federal employee benefit programs, which is where these cuts would need to come from, translating into federal employee benefit reductions. While separate legislation would be required to make actual changes to these benefit programs, the budget recommends to lawmakers to substantially increase FERS employee contributions (an approximate 6%... Read more ...

More Union News

11/10/2017
With the Office of Human Resource's recent announcement regarding the success of the Student Loan Repayment Program (SLRP) in FY 2017, this week is a good time to reflect on the role of NTEU in negotiating for that program -- and defending it against repeated attempts by the SEC to reduce it over the past several years, including during negotiations over our current Collective Bargaining Agreement. It is also important to remind you that the union will continue to work hard to defend the SLRP in FY 2018, against any cutbacks by the SEC.
History of the Student Loan Repayment Program at the SEC... Read more ...
10/26/2017
The Office of Personnel Management (OPM) has received notice from the IRS that the annual employee pretax contributions allowed under Health Care Flexible Spending Accounts (HCFSA) and Limited Expense Health Flexible Spending Accounts (LEXFSA) will increase from $2,600 to $2,650. The increases for HCFSAs and LEXFSAs are effective for plans beginning on or after January 1, 2018.  The annual maximum for Dependent Care Flexible Spending Accounts has not been increased. It will remain at $5,000. 
Please note that OPM indicates that the educational materials and the brochure language for the... Read more ...
10/26/2017
Today, the House of Representatives passed the Senate’s version of the Fiscal Year 2018 Budget Resolution, H. Con. Res. 71, by a vote of 216 to 212.  Unlike the initial House-passed version, the Senate-passed budget resolution does not contain instructions for the committee with jurisdiction over the federal workforce to cut federal employee retirement benefits. This means that the final FY18 Budget Resolution does not include the required $32 billion in cuts to federal employee retirement benefits that initially passed the House.  Congressional leadership hopes to use this budget resolution... Read more ...
10/06/2017
Yesterday, the union reported about the attacks on federal employee retirement. The budget is accompanied by a report that also contains additional policy options regarding proposed reductions in spending, including changes and cuts for the federal workforce, as well as for employees at FIRREA agencies. Referred to as “illustrative policy options,” these proposals merely serve as recommended changes, and do not on their own amend law.  
These recommended policy options to the House Financial Services Committee include putting all employees at FIRREA agencies under the GS pay system. This... Read more ...
10/05/2017
Yesterday, the U.S. Office of Personnel Management (OPM) briefed NTEU on the premium rate increases in the Federal Employees Health Benefits Program (FEHBP) for 2018 that covers approximately 8.3 million federal employees, retirees, and eligible family members. In plan year 2018, the FEHBP will consist of 262 health plans government-wide. Overall, premium increases for FEHBP plans in 2018 will average 4%; 3.2 % for the government and 6.1% for enrollees.  Rate increases for the 1.9 million participants in the Federal Employees Dental and Vision Insurance Program will be 1.26% for dental... Read more ...
09/28/2017
WHEN: On Tuesday, October 17, 2017, from 12:00 PM to 1:00 PM Eastern, NTEU Chapter 293 will hold its annual member meeting. Union members in Washington, D.C., may want to arrive between 11:30 AM and 12:00 PM to ensure that their names are checked prior to 12:00 PM. After the meeting, we will serve a barbecue lunch to all members in the Multipurpose Room in Headquarters.
NONMEMBERS:  70% 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 and luncheon may join... Read more ...