NTEU President Colleen M. Kelley said the new agreement, which provides for annual wage increases of 4.2% per year on average with a possible extension until 2010, provides FDIC employees with some of the best, if not the best, compensation package in the federal government.” Washington, D.C.-With a long run of successful organizational victories at the Federal Deposit Insurance Corporation (FDIC), the National Treasury Employees Union (NTEU) is now an exclusive representative of collective agreements for any unionized employee within this important government authority. 1) insure deposits with national banks and state banks that are members of the Federal Reserve System (FRS) as well as savings and credit institutions that are members of the Savings Bank and Debit Fund; and (2) to examine regularly insured public banks that are not members of the FRS. The Union is a worker bargaining unit at FDIC headquarters in Washington, D.C., one of three units represented by NTEU; the other two are a consolidated unit of Field employees and a consolidated unit of the inspection and compliance and personnel divisions of consumer companies. The head office consists of approximately 1,531 general education and salary-level employees in various professional and non-professional positions (para. B example lawyer, economist and data processing trader), whose salary and benefits are set by a recently negotiated compensation contract that was recently renegotiated and is due to expire on December 31, 2002. The headquarters of the FDIC and the collective agreement of master NTEU (HQMCBA) expire on January 27, 2002. The UNION proposes that the parties conduct a joint consultation with all the co-employees of the tariff unit working at headquarters. The survey asks whether workers prefer to choose offices by rank and seniority within a single entity (the status quo favoured by the Union) or by rank, rank, seniority and unitary duration (employer proposal). The parties would introduce an office selection procedure that reflects a simple majority of the results of the investigation. The procedure would be consistent and would apply to all office selections for Central FDIC staff. 1.The Agency notes that, when the last group of workers was transferred to FDIC at the end of 1995, the parties entered into an agreement that provided that service time was the first Tiebreaker for office transfers. However, this agreement has expired and has not been renewed.
2.The Union does not dispute the employer`s definitions of seniority. The last vote for the NTEU was 88-12. As in the federal sector, there was a separate vote on whether professionals would have their own bargaining unit. When a work unit moves, the parties agree that employees choose offices by grade. These are the criteria used for the Tiebreaker. (2) The employer believes that its proposal is fairer to all workers and that it makes the choice of office more predictable, easier to verify and saves time in the management of work units. In addition, their proposal will not prevent workers from switching work units to participate in FDIC diversity initiatives and will treat all workers in the collective agreement unit on the same level, regardless of service, previous service or previous work unit. In addition to the increase in their salaries, Kelley stated that NTEU`s efforts at the bargaining table „have resulted in a significant difference” for FDIC employees, including maintaining employer contributions of 5% to the CDIC savings plan and maintaining the company`s current 83% contribution to employee health care costs.
