Federal Government Policy and Business

Treasury, Union Reach Accord on Review Process That Will Likely Lead to Pay Cuts

Government Executive: A newly formed component of the Treasury Department is looking to ensure all of its employees are necessary and properly compensated, and the union representing its employees is fighting to ensure they receive adequate protections throughout the process.

The Bureau of the Fiscal Service began a Position Management Review in October, but on Wednesday for the first time reached an agreement with the National Treasury Employees Union on the communication and negotiation requirements throughout the process. The memorandum of understanding will give NTEU the opportunity to provide input on future phases of the review, require the agency to give the union monthly updates and allow employees to provide feedback on their position descriptions to the agency.

Read article