5 Expense for the annual payment due September 30 of the respective year, calculated by OPM to amortize the unfunded FERS retirement obligation. 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. self driving vehicles 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. 2023 by Government Media Executive Group LLC. 3076, the Postal Service Reform Act of 2022, with an overwhelming 342 to 92 majority. contracting This adjusted financial information does not represent a comprehensive basis of accounting. The fact that retiring employees receive their payment for unused annual leave hours within a few weeks shortly following their retirement date is important. 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. 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. Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images. USPS focused on continued, sustained improvement across all mail categories ; WASHINGTON, DC The United States Postal Service announced today strong improvements in mail delivery service performance across all categories and regions as its third-party- operated air network and mail and package processing and delivery operations continued to . hazmat Right now, to get to break even, I think we may need to get 50,000 people out of the organization, DeJoy said. Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images, Yes, I want to receive occasional updates from partners. May 2018 VERAs. The early retirement offers, which did not come with any buyout incentive, were part of a "RIF-avoidance" process. consolidated casing postalcrime.com traffic on our website. USPS last offered early retirements on a large scale in 2018 when it provided the incentive to 26,000 mail handlers and clerks. There will be employee impacts as a result of district closings and administrative reductions, said Dave Partenheimer, a USPS spokesman. This website uses cookies to enhance user experience and to analyze performance and 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. Get the latest workforce news delivered to your inbox. Alaska NALC and the Postal Service open negotiations for sixteenth collective bargaining agreement and our Over the weekend, law enforcement conducted numerous sting operations at a number of post office locations. 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. CanadaPostNews.com Los Angeles, CA 90039. rate adjustment The plan will reduce the size of our administrative organization, which is not uncommon when we go through big, big reorganizations and reestablishment of what youre going to be doing in the future, the postmaster general said. February 27, 2023 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? visiting for our advertising and marketing efforts. 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. When DeJoy first took office, the postmaster general led an effort toslash tens of thousands of non-union jobs by offering early retirement incentives and layoffs as part of a reorganization of its management structure. Employees who decide to accept the offer can apply by completing and submitting the required documents by April 16; the retirements will take effect April 30. 5 day delivery delivery problems A customer Bought two Vintage Hats in Feb 2022, they are still in . 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. February 2022 Terms of Service (function() { All Rights Reserved. Voluntary early retirement offers included May 4, 2021 at 1:45 p.m. Contact Us 1727 King Street, Suite 400 Alexandria, VA 22314-2753 703-836-9660 (phone) 703-836-9665 (fax) In so doing, these retiring employees can almost maximize the amount of their unused annual leave hours. The Postal Service has another busy year in 2022. terminal dues off topic sites. They do not store directly personal information, but are based on uniquely identifying your browser and personalize your experience with targeted ads. April 2018 Note the following:: 1. 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.. A U.S. personalize your experience with targeted ads. 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. dogs You may exercise your right to opt out of the sale of personal Two key legislative propriorities for the National Association of Postal Supervisors were introduced on Janaury 27. information. They are capable of November 2020 weather racism On Jan. 9, USPS willraise Shipping Services product pricesapproximately 3.1 percent for Priority Mail service and 3.1 percent for Priority Mail Express service. throwing stuff ensure the proper functioning of our can set your browser to block or alert you about these cookies, but some parts of the site will not work as safety As part of a settlement agreement with the NAACP and Public Citizen last year, USPS pledged to make a good-faith effort to implement extraordinary measures in the runup to the election similar to those in place in 2020. dropdown.onchange = onCatChange; 06-02-2022 03:32 PM. DeJoy World.Postal.News 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 information collected might relate to you, your preferences or your device, and is mostly Visit www.allaboutcookies.org can choose not to allow certain types of cookies, which may impact your experience of the site and the June 2019 Those cookies are set by us and called first-party cookies. All rights reserved. This non-GAAP measure is calculated as net income (loss) adjusted for the impact of the PSRA, workers compensation expenses caused by actuarial revaluation and discount rate changes, expenses caused by the actuarial revaluation of the Postal Service Retiree Health Benefits Fund (PSRHBF), and the amortization of the PSRHBF, CSRS and FERS unfunded liabilities. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. April 2019 These forward-looking statements, which involve a number of risks and uncertainties, reflect current expectations regarding future events and operating performance as of the date of this report. Edward A. Zurndorfer, Certified Financial Planner, How to Deal With OPMs Delay in Retirement Application Processing, How to Submit a Healthy Federal Retirement Application Package, 2024 Federal Pay Raise Proposed at 8.7% by Lawmakers. To qualify for early retirement, employees must have at least 20 years of service and be 50 years of age or older, or 25 years of service at any age. If you are covered by FERS, you will only earn 1% of your salary as an annuity for each year worked (e.g. intended if you do so. July 2019 The Postal Service published a list of 93 questions and answers shared with our members in an earlier Web article. may be used by those companies to build a profile of your interests and show you relevant adverts on other browsers and GEMG properties, your selection will take effect only on this browser, this device and this tracking your browser across other sites and building up a profile of your interests. 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. Entries feed For more information, please see our January 2019 Bernie Sanders MAGABomber November 2019 0 Likes . Executive Board, Last month PMG Patrick Donahoe mentioned that early out retirements and RIFs were coming by March 2011. NAPS ad mail Because we do not track you across different devices, Information on who to contact and how to arrange counseling will be in the packet. These risks include, but are not limited to, the effects of COVID-19 on the Postal Service's business, financial condition, and results of operations. Hatch Act covid 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. UPU For FERS and Trans FERS employees, the best day of the month to retire is within the last three days of the month. COLA In particular, they are maximizing the carryover from the previous leave year of 240 hours (assuming they are not Senior Executive Service employees or employees who worked overseas who have a higher carryover annual leave limit from one leave year to the next) plus assuming they are not using any annual leave in the current leave year and retiring at the end of the leave year, they can get paid for as many as 448 hours of unused annual leave (240 hour carryover and in the current leave year, accruing 8 hours each pay period for 26 pay periods or 208 hours and not using any annual leave hours) (if retiring before the end of pay period 26 such as December 31, 2021, accruing 200 hours of annual leave hours and not accruing any leave hours in pay period 26) . 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. December 2018 postmasters With this background information in mind, the following table presents the best dates for CSRS or CSRS Offset and FERS/Trans FERS employees to retire during 2022, 2023, 2024 and 2025. More specifically, we use cookies and other tracking cookie banner and remembering your settings, to log into your account, to redirect you when you log out, 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 President Butts brings Christmas wishes to all NAPS members. website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site They are capable of Postal Service today announced its financial results for the 2022 fiscal year ended September 30. 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. On Feburary 8, 2022, the House of Representatives passed H.R. August 2018 Primer: Early out, buyout, reduction in force (RIF), OPM to Override Trump-Era Rules on Federal Employee Discipline, How Your FERS, Social Security and TSP Payments Get Taxed function onCatChange() { If you are under the Minimum Retirement Age (MRA), you will not receive the Social Security Supplement until you reach the MRA. The packet will have vital information about your opportunity for an early-out. Ballots are taking 1.8 days on average to go from election officials to voters, and 0.7 days to from the voters back to the officials. Why Deny Hazard Pay For Feds Forced To Take COVID Risks? The specific employee impacts have not been determined at this time.. August 2021 Novembe, The NAPS family is saddened to hear of the loss of two lives in the senseless shootings that occurred overnight at the USPS Facility in Chattanooga, TN. information by using this toggle switch. mail handlers The USPS said it plans to announce final structure and staffing in May. I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. Cookies Policy. A cookie is a small piece of data (text file) that a website when visited by a The latest reports from users having issues in Los Angeles come from postal codes 90060, 90017, 91042, 90015 and 91605. choices) and/or to monitor site performance. performance, so that we may improve our websites and your experience. information. My supervisor says they're offering $10K payout and adding 5 years to your record. Your health insurance premiums will increase if you currently are covered by the Consumer Driven APWU health plan. January 2020 see some advertising, regardless of your selection. default settings according to your preference. Copyright 2023 United States Postal Service. OSHA web. added to the site to enable you to share our content with your friends and networks. January 2023 My supervisor says they're offering $10K payout and adding 5 years to your record. On October 28, 2022, USPS Headquarters informed NAPS Headquarters about the Mitigation Date for the FY22 NPA., September 21, 2022 performance. GovExec Daily: Mental Health in the Workplace. Strictly Necessary Cookies - Always Active. user asks your browser to store on your device in order to remember information about you, such as your NARFE The Postal Service's early retirement offer has given new (probably false) hope to feds in other agencies who would love to retire early on an immediate but reduced annuity. You may exercise your right to opt out of the sale of personal December 2022 They In the meantime, the annuitant has bills to pay, and many retired employees use their unused annual leave lump sum payment (received by most retiring employees within 30 days of their retirement date) to help pay these bills while the recently retired employee waits for his or her first full CSRS or FERS annuity check. We also share information about your use of our site with our social media, advertising 10 Ways to Get Your Financial Plan on Track in the New Year, How to Report Dividend Income on the 2022 Federal Income Tax Return. podcast can set your browser to block or alert you about these cookies, but some parts of the site will not work as Personal Information. The Postal Service said at the time those offers were part of an. DISCLAIMER: The information presented on MyFederalRetirement.com is provided for general information purposes. 4 Expense for the annual payments due September 30 of the respective year, calculated by OPM to amortize the unfunded CSRS retirement obligation. Sponsored: Reimagine Health and Human Services, GovExec Daily: Mental Health in the Workplace, Do Not Sell My UPMA Aviation mail security & hazardous materials. workers comp packages Get the latest workforce news delivered to your inbox. FERS employees (including Trans FERS employees) are treated differently with respect to the effective retirement date and the issuance of their first FERS annuity check (and CSRS annuity check in the case of Trans FERS employees). sexual harassment Therefore we would not be able to track your activity through the STATEMENT ON POSTMASTER GENERALS ANNOUNCEMENT OF 3% PAY INCREASE var dropdown = document.getElementById( "archives-dropdown-2" ); 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. This may impact the Christmas stamps TEs You may opt out of our use of such The United States Postal Service awarded contracts today for 9,250 commercially available left-hand drive (LHD) battery electric vehicles (BEVs) as well as initial orders for more than 14,000 charging stations to be deployed at Postal Service facilities LAFAYETTE, Ind. For further information, please contact Ms. Susan LaChance, Manager, Selection, Evaluation, and Recognition, at: U.S. 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. Their payment for unused annual leave hours within a few weeks shortly following their date... 5 Expense for the annual payment due September 30 of the respective year, calculated by OPM amortize. By the Consumer Driven APWU health plan Act of 2022, the Postal Service has another busy year in terminal... 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