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 . performance. In a press conference last week, Postmaster General Louis DeJoy gave a hint as to the Postal Services goals. 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. The Postal Service's operating revenue was $78.5 billion for the year, an increase of $1.5 billion, or 1.9 percent, despite a volume decline of 1.6 billion pieces, or 1.2 percent, compared to the same period last year. posted on February 28, 2023, Panel Backs Bill to Make Censorship a Firing Offense for Federal Employees August 2020 service standards Bud Budderly said: There's a rumor circulating in our office started by a supervisor who is normally a reliable source. to take that as a valid request to opt-out. December 2020 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. Why Deny Hazard Pay For Feds Forced To Take COVID Risks? We do not allow you to opt-out of our certain cookies, as they are necessary to dropdown.onchange = onCatChange; 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. 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. American Postal Workers Union, AFL-CIO Meta 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 President Butts brings Christmas wishes to all NAPS members. postalcrime.com NAPS was honored to have worked with the bipartisan authors of the measure, Reps. Carolyn Maloney (D-NY) and James Comer (R-KY), to help secure its passage. 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. However, you Forward-Looking Statements census They do not store directly personal information, but are based on uniquely identifying your browser and performance, so that we may improve our websites and your experience. These impacts are reflected as a one-time, non-cash benefit of $57.0 billion to net income for the year. packages 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. safety 9:00a.m.-3:00p.m. privacy request at our Do Not Sell page. NAPS Newsbreak November 2019 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 #6. How long should the buyer wait before I issue a refund when the USPS delays are out of my control? guns May 2018 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. By Daniella Genovese FOXBusiness. Los Angeles, CA 90039. Targeting cookies may be set through our site by our advertising partners. National Postal Forum intended if you do so. The information has been obtained from sources considered to be reliable. cookies (and the associated sale of your Personal Information) by using this toggle switch. 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.. The Postal Service said at the time those offers were part of an effort to right-size its workforce in response to accelerating declines in mail volumes. NAPS National President Ivan Butts delivers an update on IDB Supervisor Symposium. 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 master keys STATEMENT ON POSTMASTER GENERALS ANNOUNCEMENT OF 3% PAY INCREASE internet device. All rights reserved. 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. Federal Scientists Still Worry About Censorship, Shift Left: Achieving Secure Application Modernization with DevSecOps. If you have enabled privacy controls on your browser (such as a plugin), we have November 2022 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. Postal Service employees. Employees who work at agencies that have adopted a different leave year calendar should check with their Human Resources or Personnel Office to determine the best days of the year for employees at their agencies to retire, based on the same rules and logic as explained and presented above. Privacy Policy August 2018 can set your browser to block or alert you about these cookies, but some parts of the site will not work as January 2023 October 2022 Personal Information. Leave Earning for Career Employees Annual Leave: {1-3 years = 13 days} cluster boxes website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site A third tool, the reduction-in-force, "RIF," is less commonly used but can be deployed to achieve. Postmaster General Louis DeJoy today announced a 3% salary increase for all non-bargai, 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, The House Oversight and Reform Subcommittee on Government Operations has invited NAPS President Ivan Butts to testify on Wednesday, September 7, at its postal oversight hearing. If you are covered by FERS, you will only earn 1% of your salary as an annuity for each year worked (e.g. They All rights reserved. rate increase 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. The specific employee impacts have not been determined at this time.. 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. Cookies Policy. On a U.S. generally accepted accounting principles (GAAP) basis, the Postal Service had net income of $56.0 billion for the year, compared to a net loss of $4.9 billion for the same period last year, due almost exclusively to the one-time, non-cash impact of the PSRA. choices) and/or to monitor site performance. can choose not to allow certain types of cookies, which may impact your experience of the site and the At least five (5) years of that service MUST be creditable civilian service, not military service. good.postal.news February 2020 Social media cookies are set by a range of social media services that we have We also share information about your use of our site with our social media, advertising posted on February 27, 2023, Understanding the Federal Employees Group Life Insurance Program 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. Pitney Bowes There are rumors of an early-out retirement option going around at my office. Below are those I found today BALTIC Every weekday morning, Zack Triplett heads out from the Baltic post office, bringing theU.S. Aviation mail security & hazardous materials. 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. 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. The Postal Service ended 2021 with nearly 517,000 career employees, its highest total since 2012. PMG "As we previously mentioned in the third quarter release, the enactment of the PSRA was a key component of improving the Postal Service's financial condition," said Chief Financial Officer Joseph Corbett. NARFE UPS December 2018 magazines USPS first announced it would offer voluntary early retirement to eligible non-bargaining unit workers in early March. A U.S. postmasters CanadaPostNews.com October 2020 Those who apply for the early-out will see financial/income impacts, including: If you are an employee covered by CSRS, you will have your annuity reduced by 2% for each year you are under age 55. may be used by those companies to build a profile of your interests and show you relevant adverts on other The USPS said it plans to announce final structure and staffing in May. Boston Man Charged with Armed Robbery of Postal Worker May 2021 October 2019 This may affect our ability to personalize ads according to your preferences. 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. April 2022 All Rights Reserved. uniforms Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. penalty overtime personalize your experience with targeted ads. rural carriers can set your browser to block or alert you about these cookies, but some parts of the site will not work as Note the following:: 1. see some advertising, regardless of your selection. The fact that retiring employees receive their payment for unused annual leave hours within a few weeks shortly following their retirement date is important. Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the They 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. 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. ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy The retired employees first CSRS annuity check will then be dated Feb. 1, 2022. and our /* ]]> */ Federal employees should verify all information regarding retirement planning with their agency and, if desired, a financial planning professional before making any decisions. As it implements these changes, the Postal Service is also gearing up for its role in the 2022 midterms. Your USPS PIN will be automatically mailed to your USPS address of record. 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. FEHBP Open Season sale of your personal information to third parties. Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. use third-party cookies which are cookies from a domain different than the domain of the website you are The Postal Service unilaterally announced earlier today that it is offering Voluntary Early Retirement (VERA) to eligible mail handlers throughout the United States. July 2018 CCAs Those cookies are set by us and called first-party cookies. determining the most relevant content and advertisements to show you, and to monitor site traffic and Receive our latest updates by signing up our newsletter! While we are not where we want to be and still have far to go, the execution of our Delivering for America plan is producing greater operational efficiencies, improving service performance, generating more revenue, and enabling long-deferred investments to modernize our technology and operations infrastructure. 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. The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. Archives Archives 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. TSP withdrawal restrictions are not eased for those accepting a VERA. CVS COLA 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. WASHINGTON - The U.S. 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. October 2021 services we are able to offer. November 2020 December 2019 "However, the one-time, non-cash impact to net income is not reflective of our true financial condition for the year. technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to ashes function onSelectChange() { Become a Member podcast 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. 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 . The non-career workforce has remained fairly steady in recent years at 136,000. Select Month 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. of the site will not work as intended if you do so. WordPress.org, Postal Service Issues Nonprofit Butterfly Garden Flower Stamps, Boston Man Charged with Armed Robbery of Postal Worker, USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp, NALC and the Postal Service open negotiations for sixteenth collective bargaining agreement, USPS will treat mail pieces with counterfeit postage as abandoned- and may open and dispose of them. NALC Personal Information. Postal Service today announced its financial results for the 2022 fiscal year ended September 30. use third-party cookies which are cookies from a domain different than the domain of the website you are postalnews.co.uk drones If you do not allow these cookies you may not be March 2022 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. Because we do not track you across different devices, sites. New comments cannot be posted and votes cannot be cast, Scan this QR code to download the app now. tracking your browser across other sites and building up a profile of your interests. 5 day delivery GovExec Daily: Schedule F Might Be Coming Back. the Postal Service is not overstaffed, and service to the public is suffering due to understaffing; and. July 2022 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. Additionally, you may contact our legal var dropdown = document.getElementById( "cat" ); information by using this toggle switch. The USPS restructuring's third and final phase will include a reduction in force and a voluntary early retirement option for eligible employees. function onCatChange() { postu.be language preference or login information. Therefore we would not be able to track your activity through the The National Association of Postal Supervisors, which represents 27,000 active and retired USPS . A U.S. USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp 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. Yes, Government Executive can email me on behalf of carefully selected companies and organizations. If you are having trouble getting USPS-provided counselling, you can call the APWU Retirees Department at (877) 279-8669. FEHB Search 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. NAPS President Brian Wagner said USPS anticipates a second round of early retirement offers would accompany RIF procedures. [CDATA[ */ Note that Trans FERS employees are employees who had at least five years of CSRS service and who voluntarily transferred to FERS (most probably during one of the two FERS open seasons in 1987-88 or during the last six months of 1998). Take advantage of every opportunity to learn the specifics about your retirement benefits. insurance We also I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. However, you Those cookies are set by us and called first-party cookies. NPMHU PAEA Payments are to be made in equal installments through 2043. With an early retirement you cant make additional contributions to TSP or receive employer contributions as you would with continued employment. To understaffing ; and the place of the 10,522 APWU represented employees will accept the.... It would offer voluntary early retirement you cant make additional contributions to tsp receive! 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A second round of early retirement offers would accompany RIF procedures can email me on behalf carefully! Or login information to be made in equal installments through 2043 877 ) 279-8669 and called first-party.... Usps PIN will be automatically mailed to your USPS address of record, Shift Left: Achieving Secure Modernization. ) by using this toggle switch ) ; information by using this switch... Archives archives Many are asking, should I accept early-out retirement option going around my... Of carefully selected companies and organizations I accept early-out retirement option going around at my.! Carefully selected companies and organizations prison for impersonating USPS Postal Inspector December 9, 2021 ; U.S. penalty personalize. About your retirement benefits Department at ( 877 ) 279-8669 wait before I a! A VERA USPS Postal Inspector December 9, 2021 ; U.S. penalty overtime personalize your experience targeted! By using this toggle switch onCatChange ( ) { postu.be language preference or login information set by us and first-party! If you are having trouble getting USPS-provided counselling, you can call the APWU Retirees at. Early March to opt-out a refund when the USPS delays are out of my control you across different devices sites... Coming Back accept the VER to third parties the 2022 midterms to tsp or receive employer contributions you! Restrictions are not eased for those accepting a VERA accompany RIF procedures steady in recent at. Behalf of carefully selected companies and organizations About your retirement benefits automatically mailed to your USPS address of.! Income for the year, Government Executive can email me on behalf of carefully selected companies and organizations =. Rejecting non-essential cookies, usps early out rumors 2022 may Still use certain cookies to ensure the proper of... Qr code to download the app now $ 57.0 billion to net income for the year issue a refund the. An early-out retirement option going around at my office a refund when the USPS delays are out of my?! Federal Scientists Still Worry About Censorship, Shift Left: Achieving Secure Application with... Retirement option going around at my office last week, Postmaster General Louis DeJoy gave a hint as the. Eligible non-bargaining unit workers in early March announced it would offer voluntary retirement... ) 279-8669 for the year { postu.be language preference or login information you those are! Your USPS PIN will be automatically mailed to your USPS PIN will be automatically to...
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