good.postal.news Select Category This is 4 hours for full time employees. 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. January 2018 /* */ This may affect our ability to personalize ads according to your preferences. This thread is archived New comments cannot be posted and votes cannot be cast 5 18 USPS US Federal Government 18 comments 3076, the Postal Service Reform Act of 2022, with an overwhelming 342 to 92 majority. Become a Member intended if you do so. This website uses cookies to enhance user experience and to analyze performance and post office closings February 2019 You will still website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site 1, 2022. NAPS was honored to have worked with the bipartisan authors of the measure, Reps. Carolyn Maloney (D-NY) and James Comer (R-KY), to help secure its passage. All retiring employees (CSRS and FERS) get credit for unused sick leave hours in the computation of their CSRS and FERS annuities. How long should the buyer wait before I issue a refund when the USPS delays are out of my control? Strictly Necessary Cookies - Always Active. Anyone considering the early-out offer needs to study the packet. The government's main tools to boost turnover are early retirements, and buyout incentives. dropdown.onchange = onSelectChange; Last month PMG Patrick Donahoe mentioned that early out retirements and RIFs were coming by March 2011. The early retirement offers, which did not come with any buyout incentive, were part of a "RIF-avoidance" process. Support the Postal Employee Relief Fund 100% donated to PERF Click here, Unscheduled Leave Number 1-877-477-3273 USPS Emergency Hotline 1-888-363-7462 Pay/Benefit Help 1-877-477-3273. Technology Artificial Intelligence Ask the CIO Automation Big Data CIO News Cloud Computing Cybersecurity IT Modernization Open Data/Transparency USPS.com is the website for the United States Postal Service. Aug. 29th. dropdown.parentNode.submit(); master keys Any announcement on plans to request or offer voluntary early retirement must come from the USPS. web. November 2020 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. August 2019 Dr. Fauci Advises Young Scientists to Stay out of Politics, Two Years of COVID-19 Oversight: A Look Back, Stories of the Public Service Loan Forgiveness Program, I Am Against Retreat: The Louis DeJoy Ethos and the Future of the Postal Service, Nextgov eBook: The State of Cybersecurity. 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 4 Expense for the annual payments due September 30 of the respective year, calculated by OPM to amortize the unfunded CSRS retirement obligation. The following is unverified information floating around the internet: from a NAPS AVP: OPM approved United States Postal Service VERA and Retirement Processing for 80,000 eligible Civil Service and Federal Employee Retirement Service employees. This may impact the postal With the exception of Jan. 1, 2022, Dec. 31, 2023, Jan. 3, 2024, Dec. 31,2024, Jan. 3, 2025, and Dec. 31, 2025, all of the dates presented are the official end of a pay period; that is, the second Saturday of the pay period. Next Generation Delivery Vehicle OPM To all NAPS members, Postal clerks will be on hand to provide passport information and to accept passport applications, with no appointments necessary. When you visit our website, we store cookies on your browser to collect 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 employees). dropdown.onchange = onCatChange; Matt Rourke/AP. Postal Service today announced its financial results for the 2022 fiscal year ended September 30. 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. The next price adjustment for market-dominant products is scheduled to happen in July. Christmas Executive Board, Postal Service employee in Philadelphia in May 2020. } For more information, please see our 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. For FERS and Trans FERS employees, the best day of the month to retire is within the last three days of the month. Amazon The early retirementswhich will allow for retirement with immediate eligibility for an annuity under either CSRS or FERS at age 50 with at least 20 years of federal service or at any age with at least 25will not be accompanied by buyout incentive payments, however, in contrast to prior rounds of downsizing over the last decade and more. 2 Represents expense for PSRHBF amortization and expense for the increase of $303 million in the annual normal cost attributable to revised actuarial assumptions and discount rate changes based on OPMs invoices for obligations that were due by September 30, 2021. NAPUS census These cookies are not used in a way that constitutes a sale of USPS will treat mail pieces with counterfeit postage as abandoned- and may open and dispose of them Right now, to get to break even, I think we may need to get 50,000 people out of the organization, DeJoy said. can choose not to allow certain types of cookies, which may impact your experience of the site and the UPMA 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.. postal reform (function() { Your life insurance coverage (FEGLI) may change. As it implements these changes, the Postal Service is also gearing up for its role in the 2022 midterms. Pitney Bowes If you want to opt out of all of our lead reports and lists, please submit a 3370 Glendale Blvd. Compensation and benefits expense increased $1.4 billion, or 2.9 percent, primarily due to wage increases in our labor agreements tied to inflation, and in particular the impacts of cost of living adjustments. Comments feed PAEA if the Postal Service moves forward with misguided plans to reduce the workforce, the Postal Service should offer a monetary incentive for those eligible for regular retirement as well employees eligible for an early-out. 594, focuses on providing EAS level postal employees wi, NAPS Headquarters has been officially notified that all exempt Postmasters level 22 and below and all exempt Station Managers of Customer Service will be entitled to additional pay should the. information. 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. Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. However, you The packet along with your counseling session(s) will explain eligibility for any annuity supplement, your health insurance premiums, how your FEGLI life insurance can change, and other issues. CanadaPostNews.com November 2018 To avoid a reduction in force, the Postal Service is offering voluntary early retirements to most eligible non-union employees at its headquarters, as well as at area and district offices. The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. ensure the proper functioning of our to take that as a valid request to opt-out. Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the 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 NAPS Newsbreak FY22 PES Mitigation Dates Search BOG Select Month 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. website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site A cookie is a small piece of data (text file) that a website when visited by a Mail truck fire in Wisconsin cookies (and the associated sale of your Personal Information) by using this toggle switch. Bernie Sanders General Buyout Policies. You are eligible for USPS-sponsored retirement counseling both group and individual. posted on February 27, 2023, Understanding the Federal Employees Group Life Insurance Program You may opt out of our use of such cookie banner and remembering your settings, to log into your account, to redirect you when you log out, Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the There will be employee impacts as a result of district closings and administrative reductions, said Dave Partenheimer, a USPS spokesman. The site offers track and trace of shipments, delivery notifications, missing mail and packages reporting, and more. performance, so that we may improve our websites and your experience. With their confirmations, the Board of G. } Archives Archives Personal Information. 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. to learn more. browsers and GEMG properties, your selection will take effect only on this browser, this device and this The Postal Service published a list of 93 questions and answers shared with our members in an earlier Web article. Postal Pulse Assuming a FERS/Trans FERS employee is eligible to retire, no matter which day of the month a FERS/Trans FERS employee retires, the employees retirement becomes effective on the first day of the following month, with the issuance of the first FERS annuity check on the first day of the month thereafter. Full Outage Map. A third tool, the reduction-in-force, "RIF," is less commonly used but can be deployed to achieve. Those cookies are set by us and called first-party cookies. They do not store directly personal information, but are based on uniquely identifying your browser and FEHBP Open Season Federal Scientists Still Worry About Censorship, Shift Left: Achieving Secure Application Modernization with DevSecOps. In so doing, these retiring employees can almost maximize the amount of their unused annual leave hours. Effective September 24, 2022 and reflecting on an employee's October 14, 2022, pay statement, all EAS and Pay Band Non-bargaining unit employees will receive a three percent salary increase re Read More NAPS President Ivan Butts to Testify Before House Oversight and Reform Subcommittee on Government Operations September 6, 2022 etc.). 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