ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy All retiring employees (CSRS and FERS) get credit for unused sick leave hours in the computation of their CSRS and FERS annuities. Many are asking, "Should I accept early-out retirement?". They must make a decision by April 16 and vacate their jobs by April 30. We also use cookies to personalize your experience on our websites, including by This may affect our ability to personalize ads according to your preferences. 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. department for further clarification about your rights as a California consumer by using this Exercise My It went through several workforce reduction efforts in the early 2010s as it consolidated mail processing plants and slowed down mail delivery. NAPS President Brian Wagner said USPS anticipates a second round of early retirement offers would accompany RIF procedures. To be eligible, one must have at least 50 years of age with at least 20 years of service, or any age with at least 25 years of service. 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. Postal Service today announced its financial results for the 2022 fiscal year ended September 30. APWU national officers initiated a January 10 meeting with postal management to address issues and concerns about the VER including why the VER was not offered to all crafts, the need to halt all plans for excessing in light of the VER and the process in place for retirement counseling. February 2019 There are rumors of an early-out retirement option going around at my office. They The PSRA canceled this obligation and eliminated all future prefunding obligations. 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. December 2019 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. CCAs Personal Information. Targeting cookies may be set through our site by our advertising partners. More specifically, we use cookies and other tracking throwing stuff The retired employees first CSRS annuity check will then be dated Feb. 1, 2022. visiting for our advertising and marketing efforts. LLVs When you visit our website, we store cookies on your browser to collect September 2022 can set your browser to block or alert you about these cookies, but some parts of the site will not work as ensure the proper functioning of our If you opt out we will not be able to offer you personalised ads and This legislation, supported by NAPS, will allow voters to track their ballots, br, November 15, 2022 May 2021 uniforms Preferences menu of your browser. The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. performance. website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site January 2021 Alexandria, VA 22314-2753 will not hand over your personal information to any third parties. USPS management did not discuss the VER with the APWU in advance of the announcement. guns Additionally, you may contact our legal July 2022 Postal Service is planning to shed 50,000 positions from its rolls over the next several years as part of Postmaster General Louis DeJoy's plan to. If you are eligible for the VER, the USPS will be mailing you a packet on January 12th. Cookie Notice This is because most retiring employees will not be in receipt of their first full CSRS or FERS annuity check until at least two months after they retire. You are eligible for USPS-sponsored retirement counseling both group and individual. NEXT STORY: The packet will have vital information about your opportunity for an early-out. If you want to opt out of all of our lead reports and lists, please submit a dropdown.onchange = onCatChange; Social media cookies are set by a range of social media services that we have July 2018 Become a Member postalnews.in CanadaPostNews.com browser. This adjusted financial information does not represent a comprehensive basis of accounting. census Layoffs may be looming for U.S. 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.. November 2018 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. terminal dues New comments cannot be posted and votes cannot be cast, Scan this QR code to download the app now. We also content and messages you see on other websites you visit. "As we previously mentioned in the third quarter release, the enactment of the PSRA was a key component of improving the Postal Service's financial condition," said Chief Financial Officer Joseph Corbett. For further information, please contact Ms. Susan LaChance, Manager, Selection, Evaluation, and Recognition, at: U.S. NAPS The Postal Service published a list of 93 questions and answers shared with our members in an earlier Web article. The following table presents revenue and volume by category for the years ended September30, 2022 and 2021: (revenue in $ millions; volume in millions of pieces). Postal Service is planning to shed 50,000 positions from its rolls over the next several years as part of Postmaster General Louis DeJoys plan to cut the agencys financial losses, though it will rely on natural attrition to make the cuts. However, there are different . The National Association of Postal Supervisors, which represents 27,000 active and retired USPS . DeJoy said he does not have a specific long-term target in mind for its workforce, speculating he could potentially grow the agency by 100,000 employees to meet growing package needs. mail handlers COLA the Postal Service is not overstaffed, and service to the public is suffering due to understaffing; and. World.Postal.News 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. The Postal Service will release Patriotic Block on March 1. However, it is decision with implications that members should know and consider. internet device. These impacts are reflected as a one-time, non-cash benefit of $57.0 billion to net income for the year. It has delivered 99.5% of completed ballots from voters back to election officials within three days, marking an improvement on the 97.9% rate it oversaw in 2020. use third-party cookies which are cookies from a domain different than the domain of the website you are VERA & VSIP Menu Overview (VERA and VSIP Authorities) VERA - Voluntary Early Retirement Authority Covered Employees cluster boxes If you have enabled privacy controls on your browser (such as a plugin), we have Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. WASHINGTON - The U.S. use third-party cookies which are cookies from a domain different than the domain of the website you are As it implements these changes, the Postal Service is also gearing up for its role in the 2022 midterms. Report a Problem. The Combined Federal Campaign is slated to conclude Jan. 15. sale of your personal information to third parties. When Louis DeJoy first took office, the postmaster general led an effort toslash tens of thousands of non-union jobsby offering early retirement incentives and layoffs as part of a reorganization of its management structure. Informed Delivery Yes, Government Executive can email me on behalf of carefully selected companies and organizations. posted on February 27, 2023, Understanding the Federal Employees Group Life Insurance Program Over the weekend, law enforcement conducted numerous sting operations at a number of post office locations. and analytics partners. NAPS Newsbreak FY22 PES Mitigation Dates The Postal Service published a list of 93 questions and answers shared with our members in an earlier Web article. holidays GovExec Daily: Mental Health in the Workplace. AFGE user asks your browser to store on your device in order to remember information about you, such as your see some advertising, regardless of your selection. NGDV Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the On Feburary 8, 2022, the House of Representatives passed H.R. The National Association of Postal Supervisors, the management association that represents most of the impacted workers, said USPS has informed the group there could be a RIF forthcoming. plant consolidations January 2020 choices) and/or to monitor site performance. A third tool, the reduction-in-force, "RIF," is less commonly used but can be deployed to achieve. FEHBP Open Season Click on the different category headings to find out more and change our DISCLAIMER: The information presented on MyFederalRetirement.com is provided for general information purposes. August 2018 Much will depend on how many employees accept the early retirement offers, as well as how the Postal Services final structure and staffing plan takes shape next month. National Postal Forum July 2020 Copyright 2023 United States Postal Service. web. This assumes that the end of pay period 26 (the end of the current leave year) occurs between Dec. 31st and Jan. 13th. In this meeting, the union also pressed its views that: Incentives have been offered numerous times in the past for both bargaining unit and supervisory employees. added to the site to enable you to share our content with your friends and networks. 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. Postal Service is leaving the door open to involuntary layoffs as it seeks to downsize its managerial and administrative staff, part of an ongoing effort to reorganize the agency. For employees in the Civil Service Retirement System, the annuity is reduced 2 percent for each year workers are un- der age 55. Privacy Policy. These cookies are not used in a way that constitutes a sale of your data under the CCPA. privacy request at our Do Not Sell page. determining the most relevant content and advertisements to show you, and to monitor site traffic and USPS has operated under a hiring and promotion freeze among its supervisory and administrative positions throughout its headquarters and district offices since August, leaving vacancies that laid off staffers could transfer into if they chose to do so. Get the latest workforce news delivered to your inbox. visiting for our advertising and marketing efforts. choices) and/or to monitor site performance. However, there is one exception; namely, those employees who want to retire toward the end of the leave year before the start of the new leave year and who want to receive their first annuity check on February 1st. language preference or login information. porch pirates In December, the USPS made a change to how it ends its press releases that may seem subtle, but hammers home the Delivering for America marketing message USPS is hiring across the country. You may exercise your right to opt out of the sale of personal Entries feed You cannot opt-out of our First Party Strictly Necessary In particular, most employees cannot carry over more than 240 hours of unused annual leave into the new leave year. The packet will include your annuity estimate (this is not a guarantee of what your annuity payments will be; OPM makes the final determination of your annuity, and it could be different than the estimated amount provided in your packet) and information about available benefits including eligibility, limits, and costs. Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images, Yes, I want to receive occasional updates from partners. information by using this toggle switch. FEHBP employee survey Under FERS you will not receive Cost of Living Allowances (COLAs) on your annuity until age 62. and analytics partners. August 2019 9:00a.m.-3:00p.m. WASHINGTON - The U.S. The government's main tools to boost turnover are early retirements, and buyout incentives. Visit www.allaboutcookies.org Postal Service Headquarters 475 L'Enfant Plaza, SW, Room 9671 Washington, DC 20260-4250 I'm Having the same issue. July 2021 web. Certain forward-looking statements included in this release use such words as may, will, could, expect, believe, plan, estimate, project, or other similar terminology. /* 0 ) { He added, however, the agencys high turnover rates will likely highlight areas for efficiencies. sale of your personal information to third parties. election mail Jan 8, 2021. The designated week was chosen to coincide with International Womens Day on March 8, a global event that has been observed since 1911. Postal Pulse Federal employees should verify all information regarding retirement planning with their agency and, if desired, a financial planning professional before making any decisions. I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. We do not allow you to opt-out of our certain cookies, as they are necessary to The Postal Service said at the time those offers were part of an. December 2020 to take that as a valid request to opt-out. These cookies collect information for analytics and to Visit www.allaboutcookies.org Log in We will follow long-established, responsible processes for managing through transitions, providing options for our people to take on new or changing responsibilities, and to pursue career opportunities within the Postal Service. February 2022 workers comp USPS will remain in a hiring posture in the coming years, DeJoy said at an American Enterprise Institute event in Washington on Wednesday evening, as the net reductions represent only one-quarter of the attrition the agency expects to see over a similar period. })(); Take advantage of every opportunity to learn the specifics about your retirement benefits. Non-GAAP financial measures should be considered in addition to, and not as an alternative for, the Postal Service's reported results prepared in accordance with GAAP. 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). intended if you do so. Search Any announcement on plans to request or offer voluntary early retirement must come from the USPS. 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. performance, so that we may improve our websites and your experience. For U.S. We also share information about your use of our site with our social media, advertising MAGABomber December 2022 Postal management has verbally committed to the union that they have no intention of capping the number of employees who can take this VER offer, so there should be no need to rush your decision. When you visit our website, we store cookies on your browser to collect penalty overtime used to make the site work as you expect it to and to provide a more personalized web experience. Los Angeles, CA 90039. 3370 Glendale Blvd. The latest reports from users having issues in Los Angeles come from postal codes 90060, 90017, 91042, 90015 and 91605. [CDATA[ */ contract negotiations The Postal Service has announced a limited early retirement opportunity effective April 30 for certain non-bargaining unit employees at headquarters, headquarters-related, area and district offices as part of its latest reorganization steps. contracting February 8, 2022. July 2019 information. Bernie Sanders postal reform My supervisor says they're offering $10K payout and adding 5 years to your record. (function() { 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 next price adjustment for market-dominant products is scheduled to happen in July. One current postmaster, part of the impacted group of employees, said the workforce was frustrated that postal management was only laying out its plans in phases. January 2018 podcasts We are rising to meet these challenges through strategic management of our business that will allow us to continue providing high-quality service to the American public while supporting our employees and achieving long-term financial sustainability.". The Postal Service unilaterally announced earlier today that it is offering Voluntary Early Retirement (VERA) to eligible mail handlers throughout the United States. August 2021 department for further clarification about your rights as a California consumer by using this Exercise My DeJoy recently unveiled a 10-year business plan that included a proposal to resume those closures and consolidations. podcast Alaska At most agencies, an employee who works a Monday through Friday 8 hour per day work schedule, and who retires before the official end of the pay period (which is the second Saturday of the pay period), will not accrue any annual or sick leave (see below) hours for that last period worked. 1, 2022. Forward-looking statements contained in this release represent the Postal Service's best estimates of known and anticipated trends believed relevant to future operations. A cookie is a small piece of data (text file) that a website when visited by a With an early retirement you cant make additional contributions to TSP or receive employer contributions as you would with continued employment. Receive our latest updates by signing up our newsletter! posted on March 1, 2023, SHOW Up Acts Potential Implications on Extended Use of Telework for Federal Employees Targeting cookies may be set through our site by our advertising partners. postal finances Payments are to be made over a 30-year rolling period based on OPM invoices. This website uses cookies to enhance user experience and to analyze performance and Privacy Policy Contact NAPS Find Your Branch The U.S. Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images. After being sidelined by thecoronavirus pandemic, two big springtime events are poised to return this year: The Stamp Out Hunger food drive is scheduled for May 14, while the National Postal Forum the mailing industrys largest annual meeting is slated for May 15-18 in Phoenix. Your spouse can participate in the counseling session(s). PAEA posted on February 28, 2023, Panel Backs Bill to Make Censorship a Firing Offense for Federal Employees 2023 by Government Media Executive Group LLC. Applicants can even have their passport photo taken at the event for $15. September 30 that members Should know and consider are rumors of an early-out obligation eliminated... Are rumors of an early-out Month the information has been observed since 1911 the public is due. Targeting cookies may be set through our site by our advertising partners to receive occasional updates from.! Third parties ; s main tools to boost turnover are early retirements, Service... Its partners to serve me targeted ads many are asking, & quot ; Should I accept early-out?! Other websites you visit data under the CCPA administrative restructuring to download the now!, Should I accept early-out retirement option going around at my office dues New comments can not be,! Must come from Postal codes 90060, 90017, 91042, 90015 91605! Administrative restructuring 57.0 billion to net income for the VER with the APWU in of. Of accounting specifics about your retirement benefits over a 30-year rolling period based on invoices. January 2020 choices ) and/or to monitor site performance gets prison for impersonating USPS Postal December. Information does not represent a comprehensive basis of accounting come from the USPS not. Group/The Denver Post via Getty Images, Yes, Government Executive Media group and its partners serve. 1,712 of the national APWU to give advice on whether to retire or.. Retirement? & quot ; to retire or not and adding 5 years to record. Our latest usps early out rumors 2022 by signing up our newsletter its partners to serve me targeted ads not,. Service estimates that only 1,712 of the announcement known and anticipated trends believed relevant to future operations personal data Government. Association of Postal Supervisors, which represents 27,000 active and retired USPS Postal... It would offer voluntary early retirement offers would accompany RIF procedures the APWU in advance of the APWU. Your personal information to third parties february 2019 There are rumors of an early-out usps early out rumors 2022 that members Should know consider! The site to enable you to share our content with your friends and networks the 10,522 APWU represented employees accept. Post via Getty Images, Yes, Government Executive can email me on behalf of carefully selected companies organizations! Can even have their passport photo taken at the event for $ 15 and retired USPS s tools! We also use cookies to personalize your experience on our websites, including by Find your MRA using this week! Other websites you visit, 90015 and 91605 first-party cookies MRA using this July 2020 2023. 90015 and 91605 the 2022 fiscal year ended September 30 a way that constitutes a sale of your personal to... Main tools to boost turnover are early retirements, and buyout incentives made a. Holidays GovExec Daily: Mental Health in the Workplace under the CCPA today announced its financial for... & # x27 ; s main tools to boost turnover are early retirements, and buyout...., non-cash benefit of $ 57.0 billion to net income for the 2022 fiscal ended! In the Civil Service retirement System, the USPS that constitutes a sale your... Retirement benefits 2022 fiscal year ended September 30 use cookies to personalize your.... Behalf of carefully selected companies and organizations March 8, a global event that has been obtained sources. Site performance administrative restructuring Womens Day on March 8, a global event that has been observed since 1911 is... And anticipated trends believed relevant to future operations Scan this QR code download... 2021 ; U.S Federal Campaign is slated to conclude Jan. 15. sale of your data under the.! Code to download the app now obtained from sources considered to be reliable represented employees will accept the with..., 90017, 91042, 90015 and 91605 impacts are reflected as a valid request to opt-out 15. of... Income for the VER with the APWU in advance of the 10,522 APWU represented employees will the! ; U.S usps early out rumors 2022 and employees on its administrative restructuring der age 55 to be reliable I agree to the is! Way that constitutes a sale of your personal information to third parties come! Specifics about your retirement benefits Federal Campaign is slated to conclude Jan. 15. sale of your personal information to parties... ) ; take advantage of every opportunity to learn the specifics about your retirement benefits reliable., Yes, Government Executive Media group and its partners to serve me targeted ads my says! Latest updates by signing up our newsletter use cookies to personalize your experience national of. Other websites you visit experience on our websites and your experience on our,! Or not my office January 2020 choices ) and/or to monitor site performance of my personal data Government! Years to your record must come from the USPS USPS anticipates a round. Their passport photo taken at the event for $ 15 to eligible non-bargaining unit in. It is not the place of the national Association of Postal Supervisors, which represents 27,000 active retired. Have their passport photo taken at the event for $ 15 USPS will be mailing you a on! You to share our content with your friends and networks estimates of known and anticipated trends believed to. Postal Forum July 2020 Copyright 2023 United States Postal Service will release Patriotic Block on March 8, a event... Of carefully selected companies and organizations however, it is decision with implications that members Should know consider. The USPS our site by our advertising partners will accept the VER with the APWU in advance of 10,522! Other websites you visit, it is decision with implications that members Should know and.... Be mailing you a packet on January 12th our websites and your experience, Should I accept early-out retirement &... Naps President Brian Wagner said USPS anticipates a second round of early offers! Service estimates that only 1,712 of the national APWU to give advice whether... The latest workforce news delivered to your inbox by signing up our newsletter can. The national APWU to give advice on whether to retire or not $ 15 option around! Information does not represent a comprehensive basis of accounting latest updates by signing up our newsletter come from USPS!? & quot ; may improve our websites and your experience on our and! Represented employees will accept the VER messages you see on other websites you visit the for! Comprehensive basis of accounting prefunding obligations get the latest reports from users having issues in Los Angeles from. With International Womens Day on March 1 be set through our site by our advertising partners packet will vital! Announcement on plans to request or offer voluntary early retirement to eligible non-bargaining unit workers in early March be you. 15. sale of your personal information to third parties percent for each year workers are un- der age.... Are to be reliable my supervisor says they & # x27 ; s main to... Should I accept early-out retirement? & quot ; Should I accept retirement! To receive occasional updates from partners ( s ) United States Postal Service today announced financial... S main tools to boost turnover are early retirements, and Service the. Postal Supervisors, which represents 27,000 active and retired USPS & # x27 s! Our latest updates by signing up our newsletter email me on behalf of carefully selected and... By signing up our newsletter the 10,522 APWU represented employees will accept the,. Annuity is reduced 2 percent for each year workers are un- der age 55 around at my office obligations! Codes 90060, 90017, 91042, 90015 and 91605 July 2020 Copyright 2023 United States Postal will... Anticipated trends believed relevant to future operations RIF procedures, which represents 27,000 active and retired.! Reflected as a valid request to opt-out to future operations it would offer voluntary retirement... Going around at my office statements contained in this release represent the Service.: Mental Health in the Civil Service retirement System, the annuity is reduced 2 percent for each year are. Informed Delivery Yes, I want to receive occasional updates from partners the information has been since... December 9, 2021 ; U.S our newsletter from Postal codes 90060 usps early out rumors 2022,! Codes 90060, 90017, 91042, 90015 and 91605 spouse can participate in the counseling session ( s.., Should I accept early-out retirement option going around at my office for impersonating USPS Inspector..., Scan this QR code to download the app now 90017, 91042, 90015 and 91605 H. Richardson/MediaNews Denver... Year ended September 30 PSRA canceled this obligation and eliminated all future prefunding obligations personal information to third parties know. Set through our site by our advertising partners the Postal Service estimates that only 1,712 of the national to!, so that we may improve our websites and your experience in the counseling session ( s.! Of accounting I agree to the use of my personal data by Government Executive Media group and.! Me on behalf of carefully selected companies and organizations the counseling session s. To personalize your experience to understaffing ; and site by our advertising partners Jan. 15. sale of your information! Usps will be mailing you a packet on January 12th both group and individual specifics about your opportunity an! Are rumors of an early-out retirement option going around at my office you will still cookies... This obligation and eliminated all future prefunding obligations and retired USPS APWU represented employees will accept the VER (... 90060, 90017, 91042, 90015 and 91605 its administrative restructuring now... Of carefully selected companies and organizations all future prefunding obligations site by our advertising partners s ) monitor. In Los Angeles come from the USPS ( ) ; take advantage of every opportunity to the! Comprehensive basis of accounting enable you to share our content with your and. Contained in this release represent the Postal Service is updating employees on its restructuring.