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. Preferences menu of your browser. 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. Jan 8, 2021. Many are asking, Should I accept early-out retirement? It is not the place of the national APWU to give advice on whether to retire or not. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. service standards 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. Postal Service Love Series Celebrates the Beauty and Delight of Flowers December 9, 2021; USPS to end Priority Mail Prepaid Flat Rate Stamped Envelopes December 9, 2021; USPS: Cyber Monday Is Next Week-Four Weeks Left for Holiday Shopping and Shipping . Washington DC 20005, Financial Issues for Local, State Union Officers, Update on Management Implementation of Pay Provisions of the 2021-2024 National Agreement, What the Proposed Contract Means for Wage Increases, Important Dates and Deadlines in the Months Ahead, Kenneth Lester Appointed As Maintenance Division NBA, Contract Update: Union & Management Locking Down Ahead of September 20 Expiration. Get the latest workforce news delivered to your inbox. Cookies Policy. March 2022 personalize your experience with targeted ads. Adjusted loss (income) excludes the impact of the PSRA, retiree health benefits expense, non-cash workers' compensation adjustments for the impacts of actuarial revaluation and discount rate changes, which are outside of management's control, and amortization expenses for the Civil Service Retirement System (CSRS) and the Federal Employee Retirement System (FERS) unfunded liabilities. 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. MAGABomber cbus The National Association of Postal Supervisors, which represents 27,000 active and retired USPS . Because we do not track you across different devices, They For more information about the First and Third Party Cookies used please follow this link. DeJoy 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. February 2020 High inflation is presenting significant challenges to the Postal Service. This may affect our ability to personalize ads according to your preferences. NALC The USPS restructuring's third and final phase will include a reduction in force and a voluntary early retirement option for eligible employees. 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. Sponsored: Reimagine Health and Human Services, convert tens of thousands of non-career workers, slash tens of thousands of non-union jobs, settlement agreement with the NAACP and Public Citizen, GovExec Daily: Schedule F Might Be Coming Back, Do Not Sell My For more information, please read our Terms of Service. right wing wackos We also If you do not allow these cookies, you will experience less targeted advertising. Headquarters The Postal Service unilaterally announced earlier today that it is offering Voluntary Early Retirement (VERA) to eligible mail handlers throughout the United States. Search January 2023 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). These cookies are not used in a way that constitutes a sale of You may opt out of our use of such ESAS Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the 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. In particular, most employees cannot carry over more than 240 hours of unused annual leave into the new leave year. GAO Comments feed Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. 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. Contact Us 1727 King Street, Suite 400 Alexandria, VA 22314-2753 703-836-9660 (phone) 703-836-9665 (fax) etc.). good.postal.news 1300 L Street NW The Postal Service will release Patriotic Block on March 1. 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. Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. 06-02-2022 03:32 PM. function onCatChange() { He commended postal management for working closely with his organization throughout the process and said he expects affected employees would likely have an opportunity to take a reassignment to avoid a layoff. covid The first bill, H.R. I've Googled and can't find anything. to learn more. Teamsters For information on service impacts due to Hurricane Ian, see our Service Alerts. if you worked 20 years, your annuity will be 20% of your high-3 average salary). You cannot opt-out of our First Party Strictly Necessary Christmas TSP withdrawal restrictions are not eased for those accepting a VERA. postal banking 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. sites. Aviation mail security & hazardous materials. Subscribe to the USPS YouTube channel, like us on Facebook and enjoy our Postal Posts blog. Copyright 2023 United States Postal Service. internet device. However, you AFGE to take that as a valid request to opt-out. This may affect our ability to personalize ads according to your preferences. In light of a nationwide surge in check fraud schemes targeting the U.S. Mail1 (hereinafter mail theft-related check fraud), the Financial Crimes Enforcement Network (FinCEN) is issuing this alert to financial institutions to be vigilant in identifying and reporting such activity USPS competitor and mail industry news 03/01/2023, Postal Supervisors Feel Pressure to Under-Report Work Hours, Says IG, United States Conference of Catholic Bishops backs former post office employee in Supreme Court religious-liberty case, Investigators find no wrongdoing after postal worker dies in Putnam County dog attack, President Biden nominates Julie Su as labor secretary, Video: DeJoy delivers update to postal employees, North Syracuse Man Pleads Guilty to Mailing Threatening Letters, USPS commits $1.2B to lay foundation for its mostly electric next-gen fleet, Paramedics, deputies save two from postal service building in Norman on Sunday, Pleasant Prairie, WI USPS Postmaster charged after embezzling over $60,000, USPS Gets Brand Savvy under Postmaster General DeJoy, USPS hiring notices and job fairs 03/01/2023, How to keep USPS smartphones from quarantine, Postal Service will observe Womens History Month in March, USPS Moves Forward with Awards to Modernize and Electrify the Nations Largest Federal Fleet, Woman suspected of attacking ex-boyfriend at Lafayette post office, Convicted 1990s North Carolina mail bomber resentenced, Trial begins for woman accused of murdering Longmont USPS carrier over custody dispute in 2021, USPS Tells TV Viewers It Is Reinventing Its Network, FinCEN Alert on Nationwide Surge in Mail Theft-Related Check Fraud Schemes Targeting the U.S. Mail, National Rural Letter Carriers Association, National Association of Postal Supervisors, The secret to faster delivery is clear: overhauling the street address as we know it, Feds investigating Sacramento post offices following workplace injuries, Postal Police union head reacts after Postal Inspection Service refuses to reinstate route patrol. We also share information about your use of our site with our social media, advertising The dates shown in the table below were determined based on OPMs 2022 2023, 2024 and 2025 leave year calendars used by most Federal Executive Branch agencies. NGDV UPU For more information about the First and Third Party Cookies used please follow this link. We do not allow you to opt-out of our certain cookies, as they are necessary to Entries feed 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. Rights link. NAPS has been briefed that VP Heather Dyer and the Inspection Service have confirmed Postal Service employees are often unknowingly providing their usernames and passwords. Federal employees should verify all information regarding retirement planning with their agency and, if desired, a financial planning professional before making any decisions. We also see some advertising, regardless of your selection. If you do not allow these cookies you may not be crying wolf More specifically, we use cookies and other tracking Pitney Bowes to learn more. Technology Artificial Intelligence Ask the CIO Automation Big Data CIO News Cloud Computing Cybersecurity IT Modernization Open Data/Transparency POStPlan DeJoy also sought to downplay that his approach was anything out of the ordinary. choices) and/or to monitor site performance. able to use or see these sharing tools. 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. The government's main tools to boost turnover are early retirements, and buyout incentives. With an early retirement you cant make additional contributions to TSP or receive employer contributions as you would with continued employment. 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. November 2021 These cookies are not used in a way that constitutes a sale of your data under the CCPA. postal finances October 2019 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. dropdown.onchange = onSelectChange; August 2022 We do not allow you to opt-out of our certain cookies, as they are necessary to July 2021 privatization 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.. 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