Fdic Nteu Collective Bargaining Agreement

The union proposes that the parties conduct a joint consultation with all employees of the collective agreements unit who are assigned to the plant. The survey asks whether workers prefer to choose offices on the basis of grade and seniority within a unit (the status quo preferred by the Union) or on the basis of grade, seniority, seniority and time in the unit (employer`s proposal). The parties would organise a selection procedure that would reflect a simple majority of the results of the investigation. The procedure would be uniform and would apply to all office selections for central FDIC staff. With respect to field compensation, which has helped keep FDIC employee compensation competitive with both other federal financial supervisors and the private sector, the parties agreed to return to the bargaining table later this year “to try to develop a better system for the future.” 1.The Agency notes that when the last group of workers was transferred to the FDIC at the end of 1995, the parties concluded an agreement which provides that the relocation period should be the first tie-breaker in the event of office relocation. However, this agreement has expired and has not been renewed. 2.The European Union does not dispute the definitions of seniority proposed by the employer. In addition to raising his wages, Kelley said NTEU`s efforts at the bargaining table have made other “significant differences” for FDIC employees, including maintaining the five percent employer contributions to the FDIC savings plan and maintaining the company`s current 83 percent contribution to employee health costs. Colleen M.

Kelley, president of the NTEU, said the new agreement, which provides for total salary increases of 4.2 percent per year on average through 2009, with a possible extension until 2010, offers FDIC employees a compensation package “one of the best, if not the best, in the federal government.” When a work unit moves, the parties agree that the personnel offices shall be chosen by grade. These are the criteria used for tie-breakers. (2) The employer insists that its proposal be fairer for all workers and that the selection of offices be more predictable, easier to verify and save time in the management of work unit moves. . . .

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