Patricia Copeland, Division of Investment Management

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(No Transcript)
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• Patricia Copeland, Division of Investment
  Management
• HQ Representative and Steward (Copelandp_at_sec.gov)
  
• ext. 16855
• Dean Suehiro, Division of Corporation Finance
• Treasurer and Steward (Suehirod_at_sec.gov)
• ext. 13384
• Kay Reid, Division of Corporation Finance
• Steward (ReidK_at_sec.gov)
• ext. 13504

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What Is NTEU?

• A powerful federal employees union
• NTEU represents over 150,000 federal employees in
  hundreds of chapters across the nation
• The agencies NTEU represents include FDIC, OTC,
  Commerce, Justice, Treasury, EPA, FCC, FEC, and
  IRS
• NTEU represents all non-management employees at
  the SEC some 2,500 employees nationwide

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www.secunion.org
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www.secunion.org

• News on federal employee issues
• The chapter newsletter, Chapter 293 Works
• The CBA other resources for SEC employees
• Information on NTEU member benefits

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How Does NTEU Benefit You?

• Protection Representation
• Lobbying for Better Compensation
• Arbitration of National Issues and
• Negotiations for Quality of Life.

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Protection Representation

• None of us ever expect a problem, but problems
  can arise
• Poor performance appraisals
• Disciplinary actions
• Other situations
• NTEU is here if you need assistance

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Lobbying for Better Compensation
NTEUs powerful lobbying department fights hard
for the rights of SEC employees on Capitol
Hill. One of the best examples of this is the
annual federal pay raise.
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Lobbying for Better Compensation

• Each year, the administration proposes a pay
  raise, but NTEU lobbies for a better one
• 2002 3.6 proposed, but NTEU got us 4.6
• 2003 2.6 proposed, but NTEU got us 4.1
• 2004 2.0 proposed, but NTEU got us 4.1
• 2005 1.5 proposed, but NTEU got us 3.5
• 2006 2.3 proposed, but NTEU got us 3.1
• 2007 1.8 proposed and enacted
• 2008 3.0 proposed, but NTEU got us 3.5
• 2009 2.9 proposed, but NTEU got us 3.9
• 2010 2.0 proposed, NTEU lobbying for pay
  parity with the military

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It Adds Up Over Time
If you made 50,000 in 2001, NTEUs hard work
paid you a total of over 26,000 more over the
next eight years.
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It Adds Up Over Time
If you made 125,000 in 2001, NTEUs hard work
paid you a total of over 66,000 more over the
next eight years.
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2002 SEC Pay Parity Law

• NTEUs lobbying efforts passed this law.
• We are off the GS pay schedule and our salaries
  are 11.7-29.2 higher than federal employees on
  the GS pay schedule.
• NTEU is currently working with Congress to
  increase SEC employee retirement benefits.
• NTEU works for us every year to fully fund our
  merit pay budget by lobbying Congress.

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Our Salaries vs. GS Employees Based On Maximum
Step In The Grade

• Grade US GS Employee INCREASE
• 16 191,487 153,200 (MAX) 38,287
• 14 167,679 133,543 34,136
• 13 146,032 113,007 33,025
• 12 122,807 95,026 27,781
• 11 102,461 79,280 23,181
• 10 86,698 72,164 14,534
• 9 78,726 65,531 13,195
• 8 70,246 59,333 10,913
• 7 63,431 53,574 9,857
• 6 56,232 48,207 8,025

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Our Compensation Agreement

• The Pay Parity Law allows us to negotiate our
  compensation package. This right is not available
  to most other federal employees, other than
  employees of FIRREA (Financial Institutions
  Reform, Recovery and Enforcement Act) agencies
  (such as OTC, OCC, NCUA, FDIC).
• NTEU negotiated the following
• Additional health plan contribution of 25 for
  single and 50 for family per pay period.
• Free dental and vision plans.
• Cost of living adjustment equal to the amount
  given to federal employees on the GS schedule.
• Merit pay- a new performance appraisal system
  that is fair and credible is being developed.
  Until such a system is implemented, all employees
  who received an acceptable performance rating
  will receive equivalent share pay increase
  based on the merit pay budget.

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Negotiating for Quality of Life

• NTEU goes to the negotiating table on your behalf
  to achieve more flexibility for you, and a better
  quality of life.
• The union has negotiated a 200-page Collective
  Bargaining Agreement that sets forth these rights
  and benefits.

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Quality of Life Benefits

• Telework (working from home) up to five days per
  week
• Alternative schedules such as 5-4/9 and 4/10.
  Staff participation in 5-4/9 schedule is 38 and
  4-10 schedule is 4.
• Student Loan Repayment Program up to 10,000
  per year to pay off student loan debt
• From 2003-2008, SEC disbursed approx. 18.9
  million for 2,197 student loans. This program
  includes Plus Loans. Plus Loans are loans
  parents enter into to pay for their childrens
  college education.

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• Credit Hours (time off for extra hours worked)
• Before the contract, we had to earn and use
  credit hours within each pay period or lose it.
  NTEU negotiated to allow us to carry over 24
  credit hours from pay period to pay period.
• Relaxed Attire Policy
• Before the contract, we were required to
  wear business attire. NTEU negotiated to require
  business attire only when we have face-to-face
  interaction with the public.
• Transit Subsidy
• Before the contract, our transit subsidy was
  below the amount that was available to other
  federal employees. NTEU negotiated to require
  our transit subsidy to equal the maximum allowed
  by law subject to our budget. Currently, 230
  per month.

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NTEU also Negotiated the Following Here at
Headquarters

• Fitness center
• Childcare center
• Health unit
• Pantries with sink, refrigerator and microwave
• Snack shop managed by the Blind Association
  (Dunkin Donuts)
• Treasury Department FCU ATM
• The impact of the Enforcement Division
  reorganization

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Arbitration of National Issues

• Sometimes the SEC takes positions on employee
  rights and benefits that require arbitration
• Arbitration process involves an independent
  arbitrator who makes a decision on the dispute
  based on the facts of the issue
• Prior to the CBA, the disputes were settled by a
  management panel
• NTEU is here to resolve issues you wouldnt be
  able to resolve by yourself

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Significant Arbitration Decisions

• Fundamental Problems with the Merit Pay System-
  Arbitrator found the merit pay system to be a
  subjective program for awarding merit increases
  that violated Title VII of the Civil Rights Act,
  as well as the Age Discrimination in Employment
  Act. NTEU reached a favorable settlement
  including 2.7 million in back pay, as well as
  salary adjustments for the period 2003-2007.
• Cutbacks in the Student Loan Repayment Program-
  Arbitrator ruled that the SEC must continue to
  include the Plus Loans in this program.

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Some of NTEUs Lobbying Efforts on Behalf of US

• NTEU is working closely with Congressman Barney
  Franks office to obtain an additional 2 match
  in our retirement plans. Barney Frank is the
  Chairman of the House Committee on Financial
  Services, which oversees the SEC.
• Increase in our merit pay budget.
• NTEU is addressing the interest of the SEC staff
  with the Obama Administration and Congress
  concerning the reorganization of the nations
  financial regulatory systems.

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2009 NTEU Legislative Priorities

• Pay parity for federal employees
• Status Senate and House conferees approved 2.0
  COLA with 0.5 allocated to locality pay.
  President Obamas budget did not include any
  allocation to locality pay.
• FERS unused sick leave to count towards the
  retirement calculation
• Accomplished Became law on 10/28/09
• Increase access and affordability of our health
  plans and provide paid parental leave
• Status Paid parental leave approved by House
  and Senate bill pending

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2009 NTEU Legislative Priorities

• Increase agencies funding to accomplish its
  missions and opposing government privatization
• Status Senate and House conferees increased our
  FYE 2010 budget by 85 million. This increase
  will make human capital improvements at the SEC
  possible.
• Ensuring collective bargaining rights including
  reinstating labor management partnerships
• Accomplished On 12/9/09, the President issued
  an Executive Order on labor-management
  collaboration

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Dues Pay You Back

• 3,250 or 8,250 - if you made 50,000 or
  125,000 in 2001, NTEUs hard work on the annual
  COLA provided this to you annually over the next
  seven years.
• 650 or 1,300 - the SEC additional contribution
  annually towards your health plan.
• 600 - the annual transit subsidy has increased
  due to the CBA (without the CBA we could still be
  getting only 780 annually). 1,680 when new
  increase is considered.
• 309-928 (approx.) vision and dental costs for
  individual or family plan that are free to us but
  must be paid by other federal employees.
• 4,034-38,287 - You are receiving 11.7-29.2
  higher annual salaries than federal employees on
  the GS pay schedule. Bi-weekly dues are 11.44
  (min.)-27.11 (max.) based on your salary.

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Why You Should Join NTEU

• There is strength in numbers
• Lobbying, negotiations and representation of
  employee interests are all much more effective
  when our membership numbers are high
• You can help us to help you, by joining NTEU
  Chapter 293

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Strength in Numbers

• Our record, visibility and effectiveness are
  what the employees see and what they want.
• NTEU President Colleen Kelley

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For the price of a cup of coffee a day in dues,
you can support all of the important work that
NTEU does on your behalf.
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Members Also Get Benefits

• Short-Term Disability Insurance
• Professional Liability Insurance
• Cancer Insurance
• Hospital Indemnity Insurance
• Universal Life Insurance

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Members Also Get Benefits

• Critical Illness Insurance
• Long-Term Care Insurance
• Auto Home Insurance
• Credit Card Discounts
• Banking Discounts

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Members Also Get Benefits

• Accidental Death Dismemberment Insurance
• Discounts on Products and Services
• Relocation and Moving Services
• Subscription to The NTEU Bulletin
• Electronic e-Bulletins from NTEU

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Please consider supporting our work by joining
NTEU.
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Thank you.

• NTEUs Mission To organize federal employees
  to work together to ensure that every federal
  employee is treated with dignity and respect.