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The federal agency that oversees the financial condition of U.S. banks says it will offer voluntary early retirement to about 20% of its 5,800 employees.Agency officials say the early retirements could create a more highly skilled workforce with the goal of attracting employees with a new set of skills.The Federal Deposit Insurance Corp. announced the move Thursday, saying it isn’t designed to reduce its budget or the total size of the workforce. About 42% of the current workforce is eligible for retirement within five years, the FDIC says. A wave of potential retirements could sap the agency’s institutional knowledge, especially during a crisis, the FDIC’s inspector general said in a recent report.In addition, the FDIC plans to close a handful of field offices, and to relocate and consolidate others. No staff involved in examining banks will be affected, the agency says.“This program will enhance our agility, preparedness and technological transformation,” FDIC Chair Jelena McWilliams said in a statement. It’s part of the agency’s strategy to “further reduce layers of management and acquire new skill sets,” she said.Sen. Sherrod Brown of Ohio, the senior Democrat on the Senate Banking Committee, questioned the approach of phasing out veteran employees and said it could hurt the FDIC’s ability to deal with another financial crisis. “If the FDIC chair were interested in increasing the agency’s capability to respond to a crisis, she would be focused on hiring and training a new generation of workers, not encouraging experienced and senior staff to rush to the exit,” Brown said. “Let’s be clear –- no matter how Chair McWilliams tries to spin it, reducing FDIC’s workforce will make us less prepared for a financial downturn.”During the 2008-09 financial crisis and the following years, the FDIC closed hundreds of failed U.S. banks and transferred their loans and deposits to other, healthy banks. Bank failures reached a peak of 157 in 2010. With the new plan, the FDIC is looking build up its staff engaged in inspecting banks, and in specialized information technology, computer science and data management. Officials declined to estimate what portion of the employees being offered early retirement is expected to take it. They include executive managers as well as administrative staff at FDIC headquarters in Washington and in the field. The union representing FDIC employees said it’s concerned about employees having enough time to adequately assess their options and make informed decisions. Employees who accept the offer must leave by June 6. Under terms of the offer, most of the employees who choose to leave or retire will receive six months of salary.The union, the National Treasury Employees Union, said it will negotiate with the agency on the office closures and consolidations to prevent involuntary relocations of employees to another FDIC office and allow them to continue to inspect banks in their areas.“We also intend to closely examine the FDIC’s justification for these decisions, and our union will raise concerns if we feel the moves are unwarranted or harmful to FDIC’s ability to accomplish its mission,” NTEU President Tony Reardon said in a statement.In addition to monitoring the banks’ condition, the FDIC was established during the Great Depression to insure deposits of banks that fail. It guarantees deposits up to 0,000 per account. 3411

The man who jumped out of a truck outside a President Trump campaign rally in Cincinnati last summer and punched an anti-Trump protester multiple times was found guilty of assault Thursday.The case against 30-year-old Dallas Frazier centered around video of him repeatedly punching 61-year-old Mike Alter in the head. The jury watched the video and took about an hour and a half to reach a verdict. 411

The dreaded parking ticket: You see them placed on vehicles all the time. But Washington, D.C. residents may starting seeing more — from their neighbors, not just traffic officers.Councilman Charles Allen created the idea of DC's citizens handing out tickets. About 80 people around the district would be trained and certified to issue tickets, and use a mobile app to take a photo of the violation. The ticket would be issued in the postal mail."When someone is creating an immediate safety hazard there needs to be a consequence," Allen said. "So having the ability to have more essentially enforcement take place, all those little violations that are happening all the time, that impact our safety, that make our streets less safe — to be able to have enforcement be magnified is part of having safer streets."Residents aren't so sure about the idea. Some think the idea of a citizen giving another a ticket could create violence. Others say they like that council members are at least trying to think of a plan to help with parking woes in the nation's capital.If passed, the plan would go through a trial period. The idea is part of a larger bill to make streets safer after a series of deadly crashes involving pedestrians and cyclists. The proposal includes decreasing speed limits, adding new sidewalks and bike lanes as well as better crosswalk markings.A vote is not expected until later this year. 1420

The City Council just took a monumental, unanimous step toward #ZeroFareTransit – setting Kansas City up to soon become the first major metropolitan city with free public bus service.https://t.co/BtkZtXDbwP— Mayor Quinton Lucas (@MayorLucasKC) December 5, 2019 272

The amount of volunteer Search and Rescue teams who’ve reported to the command center is remarkable. Plans are being made for overnight and first thing in the morning. Keep Gabriella and her family in your thoughts as the search continues. 254