SEC Pay Raise Plan Gets Cold Shoulder From Agency Union Leaders – Bloomberg

U.S. Securities and Exchange Commission employees are going to get more help and smaller raises under a plan laid out by Chairman Jay Clayton, and the agency’s union leaders aren’t happy about it.

The Wall Street regulator will add 100 people this year after lifting a hiring freeze, Clayton said in an email to staff this week. In the same message, he said current employees would be getting pay increases averaging 2.4 percent, acknowledging that the boost might disappoint some workers because it’s less of a jump than they’ve gotten in recent years.

via SEC Pay Raise Plan Gets Cold Shoulder From Agency Union Leaders – Bloomberg.