§5346 Transition Oversight

Summary

The Office must send an annual report to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services. The report must explain how the Office will start up in an organized way, hire and keep qualified workers, and set up training and benefits. The report must include three plans: a training and workforce development plan that identifies needed skills, steps to encourage innovation, leadership and succession planning, and use of technology; a workplace flexibility plan covering things like telework, flexible schedules, phased retirement, rehiring retirees, part-time work, job sharing, parental leave and childcare help, domestic partner benefits, and other options; and a recruitment and retention plan that covers reaching diverse qualified applicants, faster application steps, timely notices to applicants, and gathering data to measure hiring success. The reporting duty ends 5 years after July 21, 2010. Nothing in these rules changes any collective bargaining agreement that was in effect on July 21, 2010 or the rights of employees under chapter 71 of title 5.