PRESIDENT

June 2008 – Chapter 244 Update – The process of change continues at FDIC although it is still too early to see the results. Since my previous update, the Chairman held her first "quarterly call-in" and the Culture Change Initiative was announced, as were the various change teams and the PMP/PFP team, of which I am a member. The chapter is represented by two members on two of the change teams, giving the New York region a significant role in the overall process. Again, it is very early in the process, but, speaking from my own experience on the PMP/PFP team, everything is on the table and all team members have an equal voice to participate. It appears that the Hay Group, while engaged by FDIC management, are fairly independent in the process, are serving as resources, and are not trying to push any sort of agenda.

Another interim agreement was reached to replace the PFP program for payouts due in 2009. While it is certainly not an ideal situation, we are trying to improve transparency. The level of the pay raise, as well as problems with the locality system, continue to affect labor/management relations. This knowledge and experience will be relied on during compensation bargaining that is expected to commence in the 4th quarter of 2009.

As a reminder, the Chairman has scheduled another "quarterly call-in" for July 1, giving all employees unprecedented access to the Chairman. Please take advantage of it and let the Chairman know how employees feel about the current state of affairs at FDIC.

Finally, please take a look a the following link discussing the DOL Regulation Notifying Members of Standards of Conduct Applicable to Federal Sector Unions
http://www.nteu.org/memberrights.aspx

November 2007 Archive

January 2008 Archive