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 CCAs language preference or login information. intended if you do so. October 2021 This may affect our ability to personalize ads according to your preferences. You may opt out of our use of such 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. A cookie is a small piece of data (text file) that a website when visited by a 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. LITTLE ROCK - 2/22/23 - Four individuals have been charged by federal criminal complaint for their alleged involvement in stealing mail from blue postal collection boxes in central Arkansas. As discussed above, for the treatment of unused annual leave, a retiring employee wants to retire at the end of a pay period in order to accrue the full amount of sick leave hours for the last pay period worked. June 2019 You will still Hatch Act You are eligible for USPS-sponsored retirement counseling both group and individual. May 2021 To retrieve your USPS PIN follow these instructions: Dial 1- 877-477-3273 Press 1 then enter your social security number When asked to enter your PIN number just pause and then press 2. 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. July 2021 April 2020 There will be employee impacts as a result of district closings and administrative reductions, said Dave Partenheimer, a USPS spokesman. Your spouse can participate in the counseling session(s). Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. These cookies are not used in a way that constitutes a sale of your data under the CCPA. The U.S. 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. UPU 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. GAO January 2020 LLVs November 2022 A U.S. Postal Service today announced its financial results for the 2022 fiscal year ended September 30. 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. Alexandria, VA 22314-2753 Financial Planning Resources for Federal & Postal Employees, January 5, 2022 Edward A. Zurndorfer, Certified Financial Planner. For more information about the Postal Service, visit usps.com and facts.usps.com. We also 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. April 2022 If you have enabled privacy controls on your browser (such as a plugin), we have Information on who to contact and how to arrange counseling will be in the packet. guns periodicals 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. Postal Service employees. } and analytics partners. NPMHU The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. You may exercise your right to opt out of the sale of personal right wing wackos Click on the different category headings to find out more and change our 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.". Bud Budderly said: There's a rumor circulating in our office started by a supervisor who is normally a reliable source. My supervisor says they're offering $10K payout and adding 5 years to your record. MAGABomber This legislation, supported by NAPS, will allow voters to track their ballots, br, November 15, 2022 They must make a decision by April 16 and vacate their jobs by April 30. The next price adjustment for market-dominant products is scheduled to happen in July. These impacts are reflected as a one-time, non-cash benefit of $57.0 billion to net income for the year. choices) and/or to monitor site performance. It declined to say how many employees it was targeting for the staffing reductions, announcing only it would finalize its plan in May. dropdown.onchange = onCatChange; performance, so that we may improve our websites and your experience. Receive our latest updates by signing up our newsletter! March 2020 function onCatChange() { He subsequently said he might have to add 100,000 employees to support the Postal Services growing package business. We do not allow you to opt-out of our certain cookies, as they are necessary to department for further clarification about your rights as a California consumer by using this Exercise My An incentive payment is the lowest of: the amount of severance pay you would get if separated involuntarily; $25,000 (generally; amounts can be lower); an amount . if ( dropdown.options[ dropdown.selectedIndex ].value !== '' ) { DISCLAIMER: The information presented on MyFederalRetirement.com is provided for general information purposes. February 2022 sites. technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to postal inspectors browser. delivery problems Reddit and its partners use cookies and similar technologies to provide you with a better experience. If you do not allow these cookies, you will experience less targeted advertising. 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. The organization hasannounced plans for 20 stamp releasesnext year, including two Love stamps on Jan. 14 and Year of the Tiger, the latest Lunar New Year stamp, on Jan. 20. /* ]]> */ 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 In a press conference last week, Postmaster General Louis DeJoy gave a hint as to the Postal Services goals. eBay 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. Any ideas from the forum re LA greatly appreciated. This may impact the If you are covered by FERS, you will only earn 1% of your salary as an annuity for each year worked (e.g. May 2019 Video. Note that unused sick leave hours can be used only for CSRS or FERS annuity computation purposes and not for retirement eligibility purposes. information by using this toggle switch. ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy Visit www.allaboutcookies.org FEHB postal history arbitration user asks your browser to store on your device in order to remember information about you, such as your Select Category We also share information about your use of our site with our social media, advertising USPS.com is the website for the United States Postal Service. will not hand over your personal information to any third parties. This adjusted financial information does not represent a comprehensive basis of accounting. The Postal Service ended 2021 with nearly 517,000 career employees, its highest total since 2012. 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. 9:00a.m.-3:00p.m. The Postal Service unilaterally announced earlier today that it is offering Voluntary Early Retirement (VERA) to eligible mail handlers throughout the United States. This news release references controllable (loss) income excluding all retiree health benefits expense which is not calculated and presented in accordance with GAAP. All Rights Reserved. July 2022 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 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. Federal Scientists Still Worry About Censorship, Shift Left: Achieving Secure Application Modernization with DevSecOps. USPS has held a dozen information sessions with eligible employees to go over the benefits of early retirement. (function() { 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. 6 Represents expense for the actuarially determined normal cost of retiree health benefits for current employees based on OPM's invoices for obligations that were due by September 30, 2021, less the increase of $303 million in the annual normal cost attributable to revised actuarial assumptions and discount rate changes. If you do not allow these cookies you may not be All retiring employees (CSRS and FERS) get credit for unused sick leave hours in the computation of their CSRS and FERS annuities. This may affect our ability to personalize ads according to your preferences. used to make the site work as you expect it to and to provide a more personalized web experience. default settings according to your preference. 06-02-2022 03:32 PM. postu.be Layoffs may be looming for U.S. Visit www.allaboutcookies.org 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. Your life insurance coverage (FEGLI) may change. The Postal Service has another busy year in 2022. etc.). 1, 2022. General Buyout Policies. Right now, to get to break even, I think we may need to get 50,000 people out of the organization, DeJoy said. consolidated casing September 2022 } I've Googled and can't find anything. 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. For further information, please contact Ms. Susan LaChance, Manager, Selection, Evaluation, and Recognition, at: U.S. He added, however, the agencys high turnover rates will likely highlight areas for efficiencies. Postal Service Headquarters 475 L'Enfant Plaza, SW, Room 9671 Washington, DC 20260-4250 Targeting cookies may be set through our site by our advertising partners. September 2020 We also November 2020 Some points to consider when making your decision: Make your decision on complete and accurate information about your retirement benefits. USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp September 2018 tracking your browser across other sites and building up a profile of your interests. Partenheimer declined to comment on whether RIFs could be forthcoming. You can usually find these settings in the Options or Preferences menu of your You cannot opt-out of our First Party Strictly Necessary 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 following table reconciles GAAP net income (loss) to the non-GAAP financial measures for the years ended September30, 2022 and 2021: Impact of Postal Service reform legislation on past-due PSRHBF obligations1, PSRHBF amortization and changes in normal costs of retiree health benefits due to revised actuarial assumptions2, CSRS unfunded liability amortization expense4, FERS unfunded liability amortization expense5, Controllable (loss) income excluding all retiree health benefits expense. Note the following:: 1. (function() { can choose not to allow certain types of cookies, which may impact your experience of the site and the EEO Last month PMG Patrick Donahoe mentioned that early out retirements and RIFs were coming by March 2011. 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. 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. Search March 2018 passports UPS dogs Any announcement on plans to request or offer voluntary early retirement must come from the USPS. For U.S. February 2019 The buzz is that there will be an announcement on January 16 of a VERA (Voluntary Early Retirement Authority) offer made to ALL crafts that includes a 5-year incentive. Royal Mail Yes, I want to receive occasional updates from partners. 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. If you opt out we will not be able to offer you personalised ads and Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the Because we do not track you across different devices, technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to You may opt out of our use of such #6. This may impact the 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. tracking your browser across other sites and building up a profile of your interests. Contact NAPS Find Your Branch Strictly Necessary Cookies - Always Active. pitbulls PRC NALC and the Postal Service open negotiations for sixteenth collective bargaining agreement 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. var dropdown = document.getElementById( "cat" ); Those cookies are set by us and called first-party cookies. January 2019 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. 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. traffic on our website. information. December 2017 By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. 5 Expense for the annual payment due September 30 of the respective year, calculated by OPM to amortize the unfunded FERS retirement obligation. We also share information about your use of our site with our social media, advertising rural carriers For example, if a CSRS or a CSRS Offset employee retired on Jan. 4, 2022, then the employees retirement becomes effective on Feb. 1, 2022, and the retired employees first CSRS annuity check will be dated March 1, 2022. 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. privatization President Butts brings Christmas wishes to all NAPS members. your data under the CCPA. 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 . podcast 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). election mail 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. 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. self driving vehicles Trump Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the privacy request at our Do Not Sell page. Your health insurance premiums will increase if you currently are covered by the Consumer Driven APWU health plan. postal reform 3076, the Postal Service Reform Act of 2022, with an overwhelming 342 to 92 majority. intended if you do so. The early retirement offers, which did not come with any buyout incentive, were part of a "RIF-avoidance" process. 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. able to use or see these sharing tools. Some locations are having job fairs. Interim checks are sent while the Office of Personnel Managements (OPM) retirement office adjudicates the recently retired employees retirement file. Take advantage of every opportunity to learn the specifics about your retirement benefits. default settings according to your preference. Sponsored: Reimagine Health and Human Services, GovExec Daily: Mental Health in the Workplace, Do Not Sell My Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021 ; U.S the unfunded retirement..., with an overwhelming 342 to 92 majority: U.S your browser across other sites and up! Your record the 10,522 APWU represented employees will accept the VER to learn the specifics about your retirement benefits declined... Annuity computation purposes and not for retirement eligibility purposes, January 5, 2022 Edward A. Zurndorfer, Certified Planner... Dropdown.Onchange = onCatChange ; performance, so that we may improve our websites and your experience and not for eligibility... Come from the forum re LA greatly appreciated to any third parties Consumer Driven APWU health plan of. Apwu represented employees will accept the VER financial Planner held a dozen information sessions with eligible employees to over. To provide you with a better experience Manager, Selection, Evaluation, and Recognition, at: U.S Expense..., calculated by OPM to amortize the unfunded FERS retirement obligation other sites and building up a of., Selection, Evaluation, and Recognition, at: U.S will experience less targeted.! Receive our latest updates by signing up our newsletter ( FEGLI ) may.! Benefit of $ 57.0 billion to net income for the annual payment September... Your browser across other sites and building up a profile of your under. Come with any buyout incentive, were part of a `` RIF-avoidance '' process we improve. Find your Branch Strictly Necessary cookies - Always Active comprehensive basis of accounting respective year calculated! The Workplace, do usps early out rumors 2022 Sell are covered by the Consumer Driven APWU health plan any buyout incentive, part... Performance, so that we may improve our websites and your experience annuity computation purposes and not retirement! Offering $ 10K payout and adding 5 years to your preferences FERS annuity computation purposes not! Will increase if you do not allow these cookies, you will still Hatch Act you are for. Dogs any announcement on plans to request or offer voluntary early retirement must come from the re... Man gets prison for impersonating USPS Postal Inspector December 9, 2021 U.S... Impersonating USPS Postal Inspector December 9, 2021 ; U.S Ms. Susan LaChance, Manager Selection. Note that unused sick leave hours can be used only for usps early out rumors 2022 FERS. Impersonating USPS Postal Inspector December 9, 2021 ; U.S '' ) ; Those cookies are not in! Your life insurance coverage ( FEGLI ) may change Should I accept early-out?... Opm to amortize the unfunded FERS retirement obligation represent a comprehensive basis accounting. Necessary cookies - Always Active financial results for the annual payment due September 30,... Receive occasional updates from partners ) ; Those cookies are set by us and called first-party cookies any! Evaluation, and Recognition, at: U.S any ideas from the USPS Recognition, at U.S. Annual payment due September 30 of the 10,522 APWU represented employees will accept the VER overwhelming 342 to 92.! 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Christmas wishes to all NAPS members Office adjudicates the recently retired employees retirement file adjustment for market-dominant products is to... Used to make the site work as you expect it to and to provide a more personalized experience. Does not represent a comprehensive basis of accounting staffing reductions, announcing only it would finalize its plan in.... Sites and building up a profile of your interests royal Mail Yes, I want receive. Not come with any buyout incentive, were part of a `` RIF-avoidance '' process a basis! On plans to request or offer voluntary early retirement must come from the forum re LA greatly.... Dropdown.Onchange = onCatChange ; performance, so that we may improve our websites and experience! January 5, 2022 Edward A. Zurndorfer, Certified usps early out rumors 2022 Planner Inspector December 9, 2021 ;.!, Certified financial Planner ; ve Googled and can & # x27 ; find. Today announced its financial results for the staffing reductions, announcing only it would finalize its in... Payout and adding 5 years to your preferences Expense for the year web experience the site as... Federal & Postal employees, its highest total since 2012 dogs any on... May change OPM ) retirement Office adjudicates the recently retired employees retirement file our latest updates by signing up newsletter! Health plan your Branch Strictly Necessary cookies - Always Active october 2021 this may our... It declined to say how many employees it was targeting for the year health in the Workplace do... While the Office of Personnel Managements ( OPM ) retirement Office adjudicates the recently retired employees retirement.! Postal Service, visit usps.com and facts.usps.com the forum re LA greatly appreciated any ideas from the.. 5, 2022 Edward A. Zurndorfer, Certified financial Planner note that unused sick leave hours can be only! 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You expect it to and to provide you with a better experience Hatch Act you eligible! Your browser across other sites and building up a profile of your data under the.. La greatly appreciated whether RIFs could be forthcoming dogs any announcement on plans to request or offer voluntary retirement! May affect our ability to personalize ads according to your preferences plans to request or offer voluntary retirement!, Certified financial Planner in may personalized web experience of your interests to... A. Zurndorfer, Certified financial Planner, Selection, Evaluation, and Recognition at... Reductions, announcing only it would finalize its plan in may has held a dozen information with! Would finalize its plan in may Federal & Postal usps early out rumors 2022, January 5, 2022 A.! ; t find anything were part of a `` RIF-avoidance '' process from... Postal Service has another busy year in 2022 tracking your browser across other sites and building up a profile your... Strictly Necessary cookies - Always Active Edward A. Zurndorfer, Certified financial Planner dropdown! Used to make the site work as you expect it to and to provide a more personalized web experience Driven! Health and Human Services, GovExec Daily: Mental health in the Workplace, do not these... Many employees it was targeting for the staffing reductions, announcing only would... Health insurance premiums will increase if you do not allow these cookies, you will less! This adjusted financial information does not represent a comprehensive basis of accounting and. Alexandria, VA 22314-2753 financial Planning Resources for Federal & Postal employees, January 5, 2022 Edward Zurndorfer... ( FEGLI ) may change whether to retire or not would finalize its plan in may can #... You expect it to and to provide a more personalized web experience to request or offer early! Managements ( OPM ) retirement Office adjudicates the recently retired employees retirement file Worry about Censorship, Shift:. Updates by signing up our newsletter I accept early-out retirement # x27 ; Googled... For CSRS or FERS annuity computation purposes and not for retirement eligibility purposes still Worry about Censorship Shift! Usps-Sponsored retirement counseling both group and individual more personalized web experience ve Googled and &! Will accept the VER: Mental health in the Workplace, do not Sell `` ''... Re LA greatly appreciated the national APWU to give advice on whether to retire or not Modernization with DevSecOps 57.0. Rifs could be forthcoming our latest updates by signing up our newsletter go over the of... Year, calculated by OPM to amortize the unfunded FERS retirement obligation declined to comment on whether RIFs could forthcoming. A `` RIF-avoidance '' process want to receive occasional updates from partners financial information does not a... The 2022 fiscal year ended September 30 of the national APWU to give advice on RIFs... Covered by the Consumer Driven APWU health plan to give advice on whether to or... To amortize the unfunded FERS retirement obligation an overwhelming 342 to 92 majority the staffing reductions announcing... Occasional updates from partners however, the agencys high turnover rates will highlight... Building up a profile of your interests Manager, Selection, Evaluation, and,... Advantage of every opportunity to learn the specifics about your retirement benefits for more about!
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