SEC Merit Pay Statistically Biased: Arbitrator

Law360, New York (September 7, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission's performance-based pay system has meant fewer and smaller raises for black and aging employees but hasn't entailed discrimination against union activists, according to an arbitrator.

In handing down his decision Tuesday, the arbitrator sided with pay increase statistics invoked by the National Treasury Employees Union, which brought the case back in 2004, just as it rejected the claim that the SEC had discriminated against its members and activists.

The disparity between white and black employees' salaries was most significant among...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.