Los Angeles, CA 90039. postal history Federal employees should verify all information regarding retirement planning with their agency and, if desired, a financial planning professional before making any decisions. If you do not allow these cookies, you will experience less targeted advertising. Before presenting the best dates to retire during 2022, 2023, 2024 and 2025, it is important to review some retirement rules and issues affecting employees covered by either the Civil Service Retirement System (CSRS) (including CSRS Offset employees) or employees covered by the Federal Employees Retirement System (FERS) (including "Trans" FERS website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site USPS.com is the website for the United States Postal Service. FedEx Part of the growth was due to a concerted effort under DeJoy to convert tens of thousands of non-career workers, who earn less money and fewer benefits, into career roles to reduce the high rates of attrition USPS has experienced. of the site will not work as intended if you do so. use third-party cookies which are cookies from a domain different than the domain of the website you are I know election mail is safe, he said. Right now, to get to break even, I think we may need to get 50,000 people out of the organization, DeJoy said. This is 4 hours for full time employees. The Voluntary Early Retirement (VER) recently announced for eligible Clerk Craft employees by the Postal Service has generated many questions from the members of the APWU. Select Month Contact NAPS Find Your Branch Click on the different category headings to find out more and change our FEHBP contract negotiations We also share information about your use of our site with our social media, advertising February 2020 Follow us on Twitter, Instagram, Pinterest and LinkedIn. The organization hasannounced plans for 20 stamp releasesnext year, including two Love stamps on Jan. 14 and Year of the Tiger, the latest Lunar New Year stamp, on Jan. 20. Christmas That is a personal decision. MAGABomber retirement If you are under the Minimum Retirement Age (MRA), you will not receive the Social Security Supplement until you reach the MRA. postal finances Marketing Mail has generally proven to be a resilient marketing channel, and its value to U.S. businesses remains strong due to customer returns on investment and better data and technology integration. Those cookies are set by us and called first-party cookies. Many are asking, "Should I accept early-out retirement?". safety 3287/, On May 12, the U.S. Senate, by voice vote, confirmed the nominations of Daniel Tangherlini and Derek Kan to the U.S. Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the The Postal Service said at the time those offers were part of an effort to right-size its workforce in response to accelerating declines in mail volumes. Postal Service employees. This is because of the use or lose rule for unused annual leave that affects most employees. })(); This may affect our ability to personalize ads according to your preferences. Why Deny Hazard Pay For Feds Forced To Take COVID Risks? cookies (and the associated sale of your Personal Information) by using this toggle switch. Aviation mail security & hazardous materials. April 2020 Two key legislative propriorities for the National Association of Postal Supervisors were introduced on Janaury 27. February 2018 A memo from the State Attorneys Office explains that the dogs owner tried to surrender them twice, including 10 days before the attack Today, President Biden nominated Julie Su to serve as Secretary of the Department of Labor. Cookies Policy. your data under the CCPA. You can usually find these settings in the Options or Preferences menu of your A U.S. Due to unexpected issues with the PES system, there was a delay in opening the mitigation process for F, Statement of Charles Mulidore, Executive Vice President, National Association of Postal SupervisorsHearing Before House Oversight and Reform Subcommittee on Government Operations The National Association of Postal Supervisors, which represents 27,000 active and retired USPS . "However, the one-time, non-cash impact to net income is not reflective of our true financial condition for the year. They are capable of President Butts brings Christmas wishes to all NAPS members. intended if you do so. Retiring employees who have more than 240 hours of unused annual leave towards the end of the leave year do not want to retire after the start of the new leave year. The Postal Service published a list of 93 questions and answers shared with our members in an earlier Web article. posted on February 28, 2023, Law Enforcement Retirement Countdown Clock, Webinar: Your Federal Retirement Benefits, Public Service Loan Forgiveness (Sponsored), Report: Federal Employee Benefits & Divorce, Military Service Credit for Federal Retirement, FLTCIP Federal Long Term Care Insurance Program, FEGLI Federal Employees Group Life Insurance, Dual Employment in the Federal Government, Image: DCStockPhotography/Shutterstock.com, Like this article? December 2019 VERA & VSIP Menu Overview (VERA and VSIP Authorities) VERA - Voluntary Early Retirement Authority Covered Employees Postal Service today announced its financial results for the 2022 fiscal year ended September 30. Alexandria, VA 22314-2753 rate increase The Postal Service's operating revenue was $78.5 billion for the year, an increase of $1.5 billion, or 1.9 percent, despite a volume decline of 1.6 billion pieces, or 1.2 percent, compared to the same period last year. Adjusted loss increased by $2.0 billion, compared to the same period last year, despite the $1.5 billion increase in revenue, due to inflationary impacts on several operating expense categories. June 2019 If you do not allow these cookies you may not be Rights link. If you do not allow these cookies you may not be The U.S. website. For CSRS or CSRS Offset employees, this means retiring no later than Jan. 3, while FERS/Trans FERS employees could retire no later than Dec. 31. For further information, please contact Ms. Susan LaChance, Manager, Selection, Evaluation, and Recognition, at: U.S. Therefore we would not be able to track your activity through the Executive Board, USPS first announced it would offer voluntary early retirement to eligible non-bargaining unit workers in early March. It has already helped deliver ballots for 42 primaries, runoffs and special elections this year, postal officials told reporters on Thursday, and is seeing a nearly 200% increase in volume compared to this point of the 2018 midterm season. Below are those I found today BALTIC Every weekday morning, Zack Triplett heads out from the Baltic post office, bringing theU.S. August 2021 On Feburary 8, 2022, the House of Representatives passed H.R. If you do not allow these cookies, you will experience less targeted advertising. You cannot opt-out of our First Party Strictly Necessary and our For FERS and Trans FERS employees, the best day of the month to retire is within the last three days of the month. Note that unused sick leave hours can be used only for CSRS or FERS annuity computation purposes and not for retirement eligibility purposes. If legal advice or other expert assistance is required, the services of a competent professional should be sought. American Postal Workers Union, AFL-CIO Sign up to receive more, 3.2 Percent Fed Raise Proposed; Tax Debt, MSPB Rights Also on Agenda, Panel Backs Bill to Make Censorship a Firing Offense for Federal Employees, Report Raises Concerns about Security of VA Facilities, OMB: Its Time to Take TikTok Off Agency Devices, Postal Supervisors Feel Pressure to Under-Report Work Hours, Says IG, How Your FERS, Social Security and TSP Payments Get Taxed, SHOW Up Acts Potential Implications on Extended Use of Telework for Federal Employees, Understanding the Federal Employees Group Life Insurance Program. Any ideas from the forum re LA greatly appreciated. The Postal Service said at the time those offers were part of an. Strictly Necessary Cookies - Always Active. Politics Comments feed Postal Service Board of Governors. website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site More specifically, we use cookies and other tracking racism posted on February 27, 2023, Understanding the Federal Employees Group Life Insurance Program USPS will email the voluntary early retirement offering option to eligible employees on March 4, in addition to sending a hard-copy notification to home addresses via First-Class Mail. will not hand over your personal information to any third parties. Note that Trans FERS employees are employees who had at least five years of CSRS service and who voluntarily transferred to FERS (most probably during one of the two FERS open seasons in 1987-88 or during the last six months of 1998). Employees may use military service to meet the balance of service required for eligibility. The information collected might relate to you, your preferences or your device, and is mostly WordPress.org, Postal Service Issues Nonprofit Butterfly Garden Flower Stamps, Boston Man Charged with Armed Robbery of Postal Worker, USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp, NALC and the Postal Service open negotiations for sixteenth collective bargaining agreement, USPS will treat mail pieces with counterfeit postage as abandoned- and may open and dispose of them. August 2022 The fact that retiring employees receive their payment for unused annual leave hours within a few weeks shortly following their retirement date is important. USPS last offered early retirements on a large scale in 2018 when it provided the incentive to 26,000 mail handlers and clerks. Preferences menu of your browser. February 27, 2023 Find your MRA using this. The offers were precipitated by a consolidation of USPS 67 districts into 50. technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to We do not allow you to opt-out of our certain cookies, as they are necessary to Selected Fiscal Year 2022 Results of Operations and Non-GAAP measures drones National Postal Forum This VERA comes without any monetary incentive payments to retire, and simply makes early retirement available to eligible employees. June 2021 added to the site to enable you to share our content with your friends and networks. This adjusted financial information does not represent a comprehensive basis of accounting. The Postal Service will begin carrying out extra deliveries and collections, special pickups and expanded processing facility hours on Oct. 24 and continue those steps through Nov. 29, said Adrienne Marshall, USPS first-ever Election and Government Mail Services director. postmasters POStPlan Because we do not track you across different devices, GovExec Daily: Schedule F Might Be Coming Back. Take advantage of every opportunity to learn the specifics about your retirement benefits. information. Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the see some advertising, regardless of your selection. Want to stay up to date with the latest federal news and information from all your devices? DISCLAIMER: The information presented on MyFederalRetirement.com is provided for general information purposes. Search The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. 3 Represents workers' compensation non-cash benefit resulting from fluctuations in discount rates, changes in assumptions, valuation of new claims, revaluation of existing claims, and the administrative fee paid to DOL, less current year claim payments. This non-GAAP measure is calculated as net income (loss) adjusted for the impact of the PSRA, all retiree health benefits expense, workers compensation (benefit) expense caused by actuarial revaluation and discount rate changes, and the amortization of CSRS and FERS unfunded liabilities. content and messages you see on other websites you visit. and analytics partners. to learn more. Payments are to be made over a 30-year rolling period based on OPM invoices. Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. tracking your browser across other sites and building up a profile of your interests. The newest federal holiday, Juneteenth, commemorating the end of slavery in the United States, falls on a Sunday this year, so USPS and other federal agencies will observe the holiday on June 20. As of now there is no financial incentive to retire early, unlike the 2009 and 2012 VERAs, where incentives were negotiated with the APWU. A U.S. Together, our leadership team and all our employees know we need to remain laser focused and drive hard to implement operational changes, capture the available efficiency gains, and grow our revenue, consistent with the initiatives in our plan.. We also use cookies to personalize your experience on our websites, including by VERAs allow employees with the right combination of age and service to retire early: at age 50 with 20 years of service or at any age with 25 years of service. Trans FERS employees are subject to the FERS rules with respect to retirement eligibility and are eligible to receive two annuities; namely, a CSRS annuity based on the years of service they were covered by CSRS and a FERS annuity based on the years they were covered by FERS. They must make a decision by April 16 and vacate their jobs by April 30. 06-02-2022 03:32 PM. You can usually find these settings in the Options or 4 Expense for the annual payments due September 30 of the respective year, calculated by OPM to amortize the unfunded CSRS retirement obligation. Additionally, you may contact our legal October 2019 This thread is archived New comments cannot be posted and votes cannot be cast 5 18 USPS US Federal Government 18 comments 703-836-9660 (phone) Washington DC 20005, Financial Issues for Local, State Union Officers, Update on Management Implementation of Pay Provisions of the 2021-2024 National Agreement, What the Proposed Contract Means for Wage Increases, Important Dates and Deadlines in the Months Ahead, Kenneth Lester Appointed As Maintenance Division NBA, Contract Update: Union & Management Locking Down Ahead of September 20 Expiration. Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. May 2019 will not hand over your personal information to any third parties. We also February 2021 I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. 5 day delivery However, there are different . Sponsored: Reimagine Health and Human Services, convert tens of thousands of non-career workers, slash tens of thousands of non-union jobs, settlement agreement with the NAACP and Public Citizen, GovExec Daily: Schedule F Might Be Coming Back, Do Not Sell My Marketing Mail experienced steep volume declines at the onset of the pandemic but has been rebounding as the economy continues to recover. The Postal Service has no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. may be used by those companies to build a profile of your interests and show you relevant adverts on other performance. Reddit and its partners use cookies and similar technologies to provide you with a better experience. September 2020 July 2019 The buzz is that there will be an announcement on January 16 of a VERA (Voluntary Early Retirement Authority) offer made to ALL crafts that includes a 5-year incentive. In its August 22, 2017 request to the Office of Personnel Management (OPM) for VERA approval, the Postal Service said that 10,522 APWU represented employees will shortly be impacted by differing personnel actions and repositioning initiatives.. For more information, please see our You may opt out of our use of such Alaska } AFGE July 2021 able to use or see these sharing tools. can set your browser to block or alert you about these cookies, but some parts of the site will not work as These non-GAAP measures provide meaningful information to assist users of the Postal Service's financial statements in more fully understanding the financial results and assessing the Postal Service's ongoing performance because they exclude items that may not be indicative of, or are unrelated to, underlying operations. We also share information about your use of our site with our social media, advertising The Postal Service unilaterally announced earlier today that it is offering Voluntary Early Retirement (VERA) to eligible mail handlers throughout the United States. The Postal Service has another busy year in 2022. All rights reserved. The plan thats in process right now is an administrative headcount reduction of some 60,000 people that was brought about with our realignment, DeJoy said. May 2022 Anyone considering the early-out offer needs to study the packet. USPS has held a dozen information sessions with eligible employees to go over the benefits of early retirement. traffic on our website. } stamp.news /*
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