Originally Posted by: new applicant 
Thank you! That's helpful. Based on my current grade, it looks like I'd make less money at the FDIC even if they match my current GS salary. The annual raises at FDIC are probably not more than the combination of Presidential GS raises and step increases.
I have yet to see or hear of that happening,
i.e., being paid less at the FDIC, either to start or over time, than under the GS pay scales. The FDIC had annual increases even when the GS employee salaries were frozen, and the top of the pay bands is substantially higher than the comparable GS grades. As far as I can tell, the FDIC negotiated increase has been higher than the GS increases in almost every year since 2010. The GS increases were:
2020 2.6%
2019 1.4%
2018 1.4%
2017 1%
2016 1%
2015 1%
2014 1%
2013 0%
2012 0%
2011 0%
2010 1.5%
The FDIC base pay increases over that period were never below 2% and exceeded the GS increases in every year except 2020. In 2020, the increases were the same at 2.6%. That would be at least 22% at the FDIC over that 11-year period compared to 10.9% for GS employees (not even factoring in compounding). You also have to consider the time between step increases at the higher steps. Every FDIC employee I know of who came from the GS system has made far more over the long run than they would have had they stayed in the GS system. I suppose it could happen, but I have never seen it. In addition to pay, the FDIC contributes more toward the FEHB (85%) than executive agencies, has an additional 401(k) retirement savings plan through T Rowe Price (with separate 5% matching) to go with the TSP, has dental and vision benefits available separate from FEDVIP, etc. The agency is also consistently among the
Best Places to Work in Government for mid-size agencies. Just some things to consider.
Edited by user Thursday, July 22, 2021 10:49:08 AM(UTC)
| Reason: Not specified