For employees in the Civil Service Retirement System, the annuity is reduced 2 percent for each year workers are un- der age 55. Why Deny Hazard Pay For Feds Forced To Take COVID Risks? Personal Information. Wagner said he has not heard anything specific on the Postal Services plan, noting it is waiting until May to finalize its plans. 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. Social media cookies are set by a range of social media services that we have 1300 L Street NW #MAGABomber service standards Privacy Policy. department for further clarification about your rights as a California consumer by using this Exercise My Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. My Federal Retirement is not affiliated with the U.S. Federal Government. The Postal Service has another busy year in 2022. 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. The Postal Service has no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Hatch Act June 2022 Two key legislative propriorities for the National Association of Postal Supervisors were introduced on Janaury 27. performance, so that we may improve our websites and your experience. penalty overtime USPS has held a dozen information sessions with eligible employees to go over the benefits of early retirement. weather February 2018 ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy November 2018 You stupidity Alexandria, VA 22314-2753 postal history We also use cookies to personalize your experience on our websites, including by Selected Fiscal Year 2022 Results of Operations and Non-GAAP measures internet device. If you do not allow these cookies, you will experience less targeted advertising. The non-career workforce has remained fairly steady in recent years at 136,000. However, there are different . Reddit and its partners use cookies and similar technologies to provide you with a better experience. NAPS President Ivan . Visit www.allaboutcookies.org COLA There will be employee impacts as a result of district closings and administrative reductions, said Dave Partenheimer, a USPS spokesman. Note that unused sick leave hours can be used only for CSRS or FERS annuity computation purposes and not for retirement eligibility purposes. The Postal Service is tentatively slated to recognize National Dog Bite Awareness Week in June; National Slip, Trip and Fall Prevention Week in November; and USPS Motor Vehicle Safety Month in December. traffic on our website. Jan 8, 2021. Receive our latest updates by signing up our newsletter! National Postal Forum Matt Rourke/AP. General Buyout Policies. to learn more. hazmat FedEx Entries feed APWU Comments feed 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. We also use cookies to personalize your experience on our websites, including by Higher package volumes in the prior year were due to the pandemic-related surge in e-commerce, which continues to abate as the economy recovers and market competition intensifies, although such volumes are still higher than pre-pandemic levels. information. language preference or login information. July 2020 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. WASHINGTON - The U.S. 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. Federal Scientists Still Worry About Censorship, Shift Left: Achieving Secure Application Modernization with DevSecOps. Aug. 29th. The retired employees first CSRS annuity check will then be dated Feb. 1, 2022. sexual harassment A cookie is a small piece of data (text file) that a website when visited by a March 2021 In phase one of the restructuring, announced last August, DeJoy reshuffled USPS executives and realigned the agency to focus on three lines of effort retail and delivery operations, logistics and processing, and commerce and business solutions. Pitney Bowes NARFE delivery problems This is because of the use or lose rule for unused annual leave that affects most employees. technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to 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. If you have enabled privacy controls on your browser (such as a plugin), we have USPS will treat mail pieces with counterfeit postage as abandoned- and may open and dispose of them intended if you do so. Yes, Government Executive can email me on behalf of carefully selected companies and organizations. However, you postal banking Rights link. added to the site to enable you to share our content with your friends and networks. These cookies are not used in a way that constitutes a sale of your data under the CCPA. CanadaPostNews.com The information collected might relate to you, your preferences or your device, and is mostly Additionally, you may contact our legal July 2021 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. 4 Expense for the annual payments due September 30 of the respective year, calculated by OPM to amortize the unfunded CSRS retirement obligation. 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. Aug. 14, 2020. October 2020 Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the services we are able to offer. sites. 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 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. ad mail Preferences menu of your browser. You will still 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. 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. 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. The packet will have vital information about your opportunity for an early-out. can set your browser to block or alert you about these cookies, but some parts of the site will not work as On Feburary 8, 2022, the House of Representatives passed H.R. All rights reserved. NAPS President Brian Wagner said USPS anticipates a second round of early retirement offers would accompany RIF procedures. throwing stuff sites. and analytics partners. The information has been obtained from sources considered to be reliable. 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 periodicals The next price adjustment for market-dominant products is scheduled to happen in July. December 2017 use third-party cookies which are cookies from a domain different than the domain of the website you are He pledged to get rid of 150 annex plants and the agency is in the process of building mega-centers that he said will reduce redundant operations and transportation. The Postal Service had an adjusted loss of $473 million for the year, compared to adjusted income of $1.5 billion for the same period last year. They 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. The government's main tools to boost turnover are early retirements, and buyout incentives. etc.). 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 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. First-Class Mail revenue increased $772 million, or 3.3 percent, despite a volume decline of 1.7 billion pieces, or 3.4 percent, compared to the same period last year. })(); You will still 06-02-2022 03:32 PM. If you do not allow these cookies you may not be content and messages you see on other websites you visit. The Postal Service said at the time those offers were part of an. We do not allow you to opt-out of our certain cookies, as they are necessary to 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. 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. to take that as a valid request to opt-out. 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. 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. OSHA Rights link. Since most federal employees work a Monday to Friday 80 hour bi-weekly payroll schedule, it is assumed that the best day of the week to retire is the second Saturday of a pay period. If you opt out we will not be able to offer you personalised ads and 5 day delivery How long should the buyer wait before I issue a refund when the USPS delays are out of my control? 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