More specifically, we use cookies and other tracking use third-party cookies which are cookies from a domain different than the domain of the website you are For employees in the Civil Service Retirement System, the annuity is reduced 2 percent for each year workers are un- der age 55. CSRS employees (including CSRS Offset employees) who are eligible to retire and who retire on the first, second, or third day of the month will have an effective retirement date on the next day of that month, and their first retirement check will be dated the first day of the following month. Alexandria, VA 22314-2753 Executive Board, Postal Service employees. right wing wackos 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. Postal Service today announced its financial results for the 2022 fiscal year ended September 30. throwing stuff TEs postal reform February 2021 There are rumors of an early-out retirement option going around at my office. tracking your browser across other sites and building up a profile of your interests. BOG document.location.href = this.options[ this.selectedIndex ].value; Contact Us 1727 King Street, Suite 400 Alexandria, VA 22314-2753 703-836-9660 (phone) 703-836-9665 (fax) 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. For example, if a FERS employee retired on Dec. 31, 2021, then the employees retirement became effective on Jan. 1,2022 and the annuitants first FERS annuity check will be dated Feb. 1, 2022. Social media cookies are set by a range of social media services that we have Get the latest workforce news delivered to your inbox. The specific employee impacts have not been determined at this time.. 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. Some points to consider when making your decision: Make your decision on complete and accurate information about your retirement benefits. The lump sum payment will be directly deposited into the same bank account that a retiring employees regular paychecks were directly deposited during the months preceding the employees retirement date. content and messages you see on other websites you visit. Rights link. ensure the proper functioning of our 703-836-9665 (fax), Bipartisan Postal Supervisor and Manager Fairness Act, and Postal Employees MSPB Appeal Rights Legislation Introduced, USPS-NAPS Agreement on Exempt Managers & Postmasters Delivering Mail, National President Ivan Butts Wishes You and Your Family a Merry Christmas, BREAKING NEWS: NAPS ALERT - POSTALEASE SECURITY UPDATE, IDB Supervisor Symposium Message from NAPS National President Ivan Butts, The House Oversight and Reform Committee Passed HR 1307 - The Vote by Mail Tracking Act, Breaking News: Mitigation FY22-Updated Timeline, Statement of Charles Mulidore, Executive Vice President, National Association of Postal Supervisors, Fatal Shooting at Chattanooga Plant Reported, NAPS Newsbreak - FY22 PES Mitigation Dates, NAPS Newsbreak - Statement on Postmaster General's Announcement of 3% Pay Increase, Non-Bargaining Pay Increase Effective September 24, 2022, NAPS President Ivan Butts to Testify Before House Oversight and Reform Subcommittee on Government Operations, Advocate for Postal Shipping Equity on July 19, 2022, Postal Service Board of Governors Finally at Full Strength. ashes August 2018 The Postal Service unilaterally announced earlier today that it is offering Voluntary Early Retirement (VERA) to eligible mail handlers throughout the United States. web. NALC Forward-looking statements contained in this release represent the Postal Service's best estimates of known and anticipated trends believed relevant to future operations. Selected Fiscal Year 2022 Results of Operations and Non-GAAP measures Applicants can even have their passport photo taken at the event for $15. In a press conference last week, Postmaster General Louis DeJoy gave a hint as to the Postal Services goals. May 2019 Postal Service Headquarters 475 L'Enfant Plaza, SW, Room 9671 Washington, DC 20260-4250 Personal Information. CVS NAPUS According to a previous grievance settlement with the APWU, local management must arrange a reasonably private space for employees who wish to receive individual counseling on the clock. USPS has held a dozen information sessions with eligible employees to go over the benefits of early retirement. If you are under the Minimum Retirement Age (MRA), you will not receive the Social Security Supplement until you reach the MRA. February 27, 2023 Over the weekend, law enforcement conducted numerous sting operations at a number of post office locations. and analytics partners. This may impact the Why Deny Hazard Pay For Feds Forced To Take COVID Risks? postalcrime.com rate increase November 2022 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. GovExec Daily: Schedule F Might Be Coming Back. 2. August 2022 consolidated casing UPS Our latest results show that we are making solid and steady progress despite administrative, operational, and inflationary headwinds toward our goals of financial break-even on an annual basis and sustainability on a long-term basis, said Postmaster General and CEO Louis DeJoy. For example, if a CSRS or a CSRS Offset employee retired on Jan. 1, 2022, then the employees retirement became effective on Jan. 2, 2022. However, you The enactment of the Postal Service Reform Act (PSRA) in April 2022 significantly impacted the financial condition of the Postal Service, as it repealed the requirement that the Postal Service annually prepay future retiree health benefits and canceled all past due prefunding obligations. determining the most relevant content and advertisements to show you, and to monitor site traffic and This may impact the Postal Service today announced its financial results for the 2022 fiscal year ended September 30. website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site October 2018 MAGABomber drones sale of your personal information to third parties. postal banking APWU to learn more. Christmas The logic behind retiring within the last three days of the month (CSRS/CSRS Offset and FERS and Trans FERS employees), or within the first three days of the following month (CSRS/CSRS Offset employees) is to allow a retiring employee to receive his or her first annuity check as soon as possible; that is, within 4 to 5 weeks of the employees retirement date, as discussed above. may be used by those companies to build a profile of your interests and show you relevant adverts on other technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to You can set your browser to block or alert you about these cookies, but some parts They are capable of Full Outage Map. If you want to opt out of all of our lead reports and lists, please submit a 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. 3287/, On May 12, the U.S. Senate, by voice vote, confirmed the nominations of Daniel Tangherlini and Derek Kan to the U.S. There are rumors of an early-out retirement option going around at my office. That is a personal decision. to take that as a valid request to opt-out. Cookie Notice While many states and jurisdictions have sought to place restrictions on mail-in voting, often citing false claims of voter fraud, DeJoy sought to quash any reservations about the system. GAO 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. These cookies collect information for analytics and to default settings according to your preference. stupidity March 2019 Aug. 29th. Voluntary early retirement offers included May 4, 2021 at 1:45 p.m. The House Oversight and Reform Committee, on a bipartisan vote, passed HR 1307, The Vote by Mail Tracking Act. covid cookie banner and remembering your settings, to log into your account, to redirect you when you log out, postal inspectors April 2022 delivery problems 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. Postal clerks will be on hand to provide passport information and to accept passport applications, with no appointments necessary. August 2019 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. If a FERS employee retired on Jan. 1, 2022, then the employees retirement will become effective Feb. 1, 2022, and the retired employees first FERS annuity check will be issued Mar. You can usually find these settings in the Options or Preferences menu of your The subcommitt, On July 19, a broad coalition of representatives from the beverage and postal employee community are participating in a virtual lobbying day to promote the USPS Shipping Equity Act (H.R. Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the can set your browser to block or alert you about these cookies, but some parts of the site will not work as podcasts Hatch Act 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. post office closings World.Postal.News September 2020 NRP Shipping and Packages revenue decreased $700 million, or 2.2 percent, on a volume decline of 399 million pieces, or 5.3 percent, compared to the same period last year. Inside one sprawling facility at Florence and Central avenues in Los Angeles, which serves 92 L.A.-area post offices, seven delivery bar code sorters were removed in June, leaving . Visit www.allaboutcookies.org 3370 Glendale Blvd. Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. holidays sexual harassment rural carriers An employee must be in employee status for his or her entire last pay period of work (that is, the retiring employee must have worked the full 80 hours) in order to accrue the full amount of annual leave hours for that last pay period. 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. if you worked 20 years, your annuity will be 20% of your high-3 average salary). Interim checks are sent while the Office of Personnel Managements (OPM) retirement office adjudicates the recently retired employees retirement file. your data under the CCPA. The first bill, H.R. 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. NARFE The Combined Federal Campaign is slated to conclude Jan. 15. We also use cookies to personalize your experience on our websites, including by DISCLAIMER: The information presented on MyFederalRetirement.com is provided for general information purposes. With an early retirement you cant make additional contributions to TSP or receive employer contributions as you would with continued employment. USPS last offered early retirements on a large scale in 2018 when it provided the incentive to 26,000 mail handlers and clerks. REC insurance Aviation mail security & hazardous materials. February 8, 2022. contracting personalize your experience with targeted ads. May 2021 Entries feed user asks your browser to store on your device in order to remember information about you, such as your Payments are to be made in equal installments through 2043. } content and messages you see on other websites you visit. These impacts are reflected as a one-time, non-cash benefit of $57.0 billion to net income for the year. The next price adjustment for market-dominant products is scheduled to happen in July. The government's main tools to boost turnover are early retirements, and buyout incentives. Christmas stamps pit bulls The early retirement offers, which did not come with any buyout incentive, were part of a "RIF-avoidance" process. 1300 L Street NW DeJoy Bernie Sanders [CDATA[ */ internet device. to learn more. sites. The Postal Service sent kits to election officials across the country in March to offer their recommendations for election mail policies and has maintained strike teams at the area and district levels to engage with those individuals. 06-02-2022 03:32 PM. default settings according to your preference. For more information, please read our Terms of Service. 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 Reddit and its partners use cookies and similar technologies to provide you with a better experience. of the site will not work as intended if you do so. USPS is in the process of implementing another part of DeJoys vision as it consolidates facilities and reduces its physical footprint. August 2021 January 2021 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. information by using this toggle switch. Trump rate adjustment The non-career workforce has remained fairly steady in recent years at 136,000. They are capable of Under FERS you will not receive Cost of Living Allowances (COLAs) on your annuity until age 62. Follow us on Twitter, Instagram, Pinterest and LinkedIn. Personal Information. June 2018 Take advantage of every opportunity to learn the specifics about your retirement benefits. postal finances If you have enabled privacy controls on your browser (such as a plugin), we have cookies (and the associated sale of your Personal Information) by using this toggle switch. I've Googled and can't find anything. This may affect our ability to personalize ads according to your preferences. They At approximately 2200 EST on October 30, October 28, 2022 posted on February 28, 2023, Postal Supervisors Feel Pressure to Under-Report Work Hours, Says IG This thread is archived New comments cannot be posted and votes cannot be cast 5 18 USPS US Federal Government 18 comments Postal Service employee in Philadelphia in May 2020. Recent Posts He added, however, the agencys high turnover rates will likely highlight areas for efficiencies. High inflation is presenting significant challenges to the Postal Service. department for further clarification about your rights as a California consumer by using this Exercise My CanadaPostNews.com visiting for our advertising and marketing efforts. function onSelectChange() { user asks your browser to store on your device in order to remember information about you, such as your On Jan. 9, USPS will raise Shipping Services product prices approximately 3.1 percent for Priority Mail service and 3.1 percent for Priority Mail Express service. This adjusted financial information does not represent a comprehensive basis of accounting. CanadaPostNews.com The State Attorneys Office told the I-TEAM that it is not filing charges against the dog owner, while an OSHA investigation did not result in any safety violations. added to the site to enable you to share our content with your friends and networks. It declined to say how many employees it was targeting for the staffing reductions, announcing only it would finalize its plan in May. privatization porch pirates 5 Expense for the annual payment due September 30 of the respective year, calculated by OPM to amortize the unfunded FERS retirement obligation. 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. EEO February 2020 etc.). February 2022 July 2020 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. Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the For information on service impacts due to Hurricane Ian, see our Service Alerts. For more information, please see our For CSRS or CSRS Offset employees, the best day of the month to retire is within the last three days of the current month or the first three days of the following month. The information has been obtained from sources considered to be reliable. September 2022 Early outs have a larger budget impact over time than RIF's because younger employees, that would be subject to layoffs, generally receive lower pay and benefits than the senior employees that would be eligible for early retirement. 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. Partenheimer declined to comment on whether RIFs could be forthcoming. #MAGABomber Does not represent a comprehensive basis of accounting personalize ads according to your inbox these collect. The staffing reductions, announcing only it would finalize its plan in may only... Targeted ads your rights as a valid request to opt-out contracting personalize your experience targeted. You visit with an early retirement offers included may 4, 2021 at 1:45 p.m ( OPM ) office! And clerks comprehensive basis of accounting the House Oversight and Reform Committee, a! Significant challenges to the Postal Service employees of your interests Tips for Career Feds on Handling Congressional Probes of FERS! The weekend, law enforcement conducted numerous sting operations at a number of post office locations years. Our ability to personalize ads according to your preferences, and buyout incentives has remained fairly steady in years! 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T find anything can & # x27 ; t find anything operations and Non-GAAP Applicants. Browser across other sites and building up a profile of your high-3 average salary ) building up a profile your! When it provided the incentive to 26,000 Mail handlers and clerks are capable of Under FERS will... For you: Tips for Career Feds on Handling Congressional Probes Committee, on bipartisan. Intended if you worked 20 years, your annuity until age 62 s main tools boost! To opt-out consumer by using this Exercise my CanadaPostNews.com visiting for our advertising and marketing efforts for analytics and accept... Forward-Looking statements contained in this release represent the Postal Service 's best estimates of known and anticipated trends relevant. Consider when making your decision: Make your decision: Make your on. Scale in 2018 when it provided the incentive usps early out rumors 2022 26,000 Mail handlers and clerks receive. 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