NTEU, CFTC Sign New Contract

Press Release June 10, 2019

Washington D.C. – Today marked a historic new beginning for employees at the Commodity Futures Trading Commission as the agency and the National Treasury Employees Union formally signed the first-ever collective bargaining agreement between the two organizations.

“I want to thank Chairman Giancarlo for this opportunity to jointly sign this contract and begin the next phase for CFTC employees,” said NTEU National President Tony Reardon during remarks at the signing ceremony Monday. “This agreement marks a new beginning that will strengthen the Commission and increase your ability to do the job investors in the commodities market need and want you to do.”

The new contract provides CFTC employees with similar benefits already available to employees at other financial regulatory agencies.

NTEU represents CFTC employees along with those at the Securities and Exchange Commission, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the National Credit Union Administration.

Reardon thanked members of the bargaining teams and noted that because of the work put into negotiations from both sides of the table, telework and other work schedule provisions were implemented early giving employees greater opportunities to meet their responsibilities at work and at home.

NTEU represents 150,000 employees at 33 federal agencies and departments.