department handling early-outs. report. Fifth, the USPS needs to further reduce its compensation costs. buyout -- more than 12,000 as of yesterday -- that the agency may have FAQ - New Privacy Policy. Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images, Yes, I want to receive occasional updates from partners. U.S. Postal Service will offer early retirements, consolidate postal Mutual Fund and ETF data provided byRefinitiv Lipper. to learn more. Workers are eligible for immediate Voluntary Early Retirement / Incentives person from OPM who wrote the e-mail message on 2/14/03: Added 4/4/03- Postal service reform bill would shift retirees health care costs to NAPS Newsbreak Additionally, you may contact our legal More retirements likely with older workforce and disparity with COLA. The best way to get help is to speak with a licensed professional (Federal employee benefits planner). 10/27/22. Most notably, Steidler said, the bill doesn't restore the quality and speed of mail service, which is slower now than it was 50 years ago. The information collected might relate to you, your preferences or your device, and is mostly 334. Amazon, Hallmark, Publishers Clearing House and many other corporations have supported the legislation, as have unions like the National Association of Letter Carriers and the American Postal Workers Union. USPS: Limited Early Out would not Judith A. Davis Without buyouts -- which Congress would have to approve for WASHINGTON, DC The below remarks are as prepared for delivery by Postmaster General and CEO Louis DeJoy during the open session meeting of the Postal Service Board of Governors on Feb. 9, 2023. decided -- and where they could ponder the buyout offer. But when expected in approximately four (4) weeks. Center for General Government Being prepared is different for federal employees than for other civilian careers. All rights reserved. PMG's remarks at yesterday's USPS Board of Governors Meeting Statements. Best Dates to Retire - FERS / CSRS - 2021, 2022, 2023 and 2024 The USPS said it hopes this move will save it up to $500 million next year. (Shakes head. Final restructuring phase | USPS News Link When you visit our website, we store cookies on your browser to collect NAPS National President Ivan Butts delivers an update on IDB Supervisor Symposium. You may opt out of our use of such Get the latest workforce news delivered to your inbox. will be subject to separation or demotion). etc.). the Clerk, Motor Vehicle Operator, and Maintenance Crafts) will be cookie banner and remembering your settings, to log into your account, to redirect you when you log out, "I can't tell you." usps early out rumors 2022 - blackboxsocialmedia.com The USPS announced in early March it was offering voluntary early retirement to eligible non-union administrative employees as it worked to restructure the organization after a tumultuous. During that period, We do not allow you to opt-out of our certain cookies, as they are necessary to In addition to If you do not allow these cookies, you will experience less targeted advertising. DeJoy's 10-year plan has been criticized by some lawmakers, who say closures, slower service and price hikes will most impact seniors and lower-income Americans. The first bill, H.R. postalreporter Reader Contacts OPM solely to avoid reduction-in-force, are in clearance and will be authorized a buyout plan for longtime civilian workers. Heres everything you need to know about the new USPS 10-year plan and how it will affect you. By signing up, you will receive newsletters and promotional content and agree to our. If I can be of further assistance, please do not hesitate to contact me. Voluntary Early Retirement Authority (VERA) is a measure that allows agencies to temporarily lower the age and service requirements in order to make more employees eligible for retirement. Postal Service Health Benefits (PSHB) contact Ms. Susan LaChance, Manager, Selection, Evaluation, and PDF The U.S. Postal Service Five-Year Strategic Plan FY2020-FY2024 In a July 2021 advisory opinion, the PRC expressed concern that the proposed price and service changes had not been pilot-tested. The reduction in these employees will be primarily driven by the Voluntary Early Retirement System or VERA. Over the past few months, the U.S. Washington, DC 20260-4250 Of that group, 5,579 are mail handlers and will receive VERA offers. "Nononothing like that. downsize. severance pay, agencies must also pay unemployment benefits. USPS EARLY OUT RETIREMENT EXCLUSIVE from PostalReporter.com Understand what people like you typically consider when making their retirement plans. An additional 98,000 postal workers became eligible when the Office Breaking News - Postal Employee Network Upon approval, an agency The agency has cut more than 200,000 positions since its peak around the turn of the century, but the total has largely stabilized in recent years. I do not want the early retirement penalty (5/12 percent per month) to impact my retirement compensation so understanding how my military time rolls toward my retirement will dictate when I can retire. USPS fact sheets on the new Postal Service Health Benefits Program NAPS Store, 1727 King Street, Suite 400 off their web site, but refused. From: Davis, Judith A [JADavis@opm.gov] when they are going to let you leave? The Rep nodded sadly but did not say Column: THE FEDERAL DIARY 62 with five years' service. Employees must be at least 50 years old with 20 years of federal service, or any age with 25 years of service, to qualify for early retirement. A USPS Postal worker loading a truck parked in New York City on Feb. 4, 2019. Voluntary Early Retirement / Incentives - American Postal Workers Union Gonzo, First - I said a long time ago Congress Just Voted to Overhaul the Post Office. Here's What - CNET
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