By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. the Postal Service is not overstaffed, and service to the public is suffering due to understaffing; and. Select Category VERA NALC document.location.href = this.options[ this.selectedIndex ].value; A cookie is a small piece of data (text file) that a website when visited by a This VERA comes without any monetary incentive payments to retire, and simply makes early retirement available to eligible employees. Personal Information. April 2020 ad mail may be used by those companies to build a profile of your interests and show you relevant adverts on other 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). You can set your browser to block or alert you about these cookies, but some parts April 2022 DISCLAIMER: The information presented on MyFederalRetirement.com is provided for general information purposes. Last month PMG Patrick Donahoe mentioned that early out retirements and RIFs were coming by March 2011. drones DeJoy recently unveiled a 10-year business plan that included a proposal to resume those closures and consolidations. The first bill, H.R. right wing wackos 06-02-2022 03:32 PM. coronavirus NRP Some points to consider when making your decision: Make your decision on complete and accurate information about your retirement benefits. sites. sexual harassment The USPS said it plans to announce final structure and staffing in May. podcasts April 2018 Headquarters department for further clarification about your rights as a California consumer by using this Exercise My Rights link. web. retirement if ( dropdown.options[ dropdown.selectedIndex ].value > 0 ) { If legal advice or other expert assistance is required, the services of a competent professional should be sought. "But that's OK, because over the next two years, 200,000 people [will] leave the organization for retirement.. VER AFGE NRLCA Contact NAPS Find Your Branch February 2019 ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy If you have enabled privacy controls on your browser (such as a plugin), we have Bernie Sanders You can usually find these settings in the Options or Preferences menu of your August 2021 Certain forward-looking statements included in this release use such words as may, will, could, expect, believe, plan, estimate, project, or other similar terminology. 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 clerks will be on hand to provide passport information and to accept passport applications, with no appointments necessary. Recent Posts 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. Fiscal Year 2022 Operating Revenue and Volume by Service Category Compared to Prior Year
Christmas stamps 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. Targeting cookies may be set through our site by our advertising partners. For CSRS or CSRS Offset employees, this means retiring no later than Jan. 3, while FERS/Trans FERS employees could retire no later than Dec. 31. We also Leave Earning for Career Employees Annual Leave: {1-3 years = 13 days} 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. employee survey They are capable of DeJoy said he does not have a specific long-term target in mind for its workforce, speculating he could potentially grow the agency by 100,000 employees to meet growing package needs. As part of a settlement agreement with the NAACP and Public Citizen last year, USPS pledged to make a good-faith effort to implement extraordinary measures in the runup to the election similar to those in place in 2020. November 2020 GAO My supervisor says they're offering $10K payout and adding 5 years to your record. April 2021 All retiring employees are paid in a lump sum payment (made by their payroll processing office) for any unused annual leave hours as of the day of their retirement. Bud Budderly said: There's a rumor circulating in our office started by a supervisor who is normally a reliable source. This website uses cookies to enhance user experience and to analyze performance and Interim checks are sent while the Office of Personnel Managements (OPM) retirement office adjudicates the recently retired employees retirement file. 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. function onCatChange() { 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. For more information, please read our Terms of Service. browser. 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 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. This adjusted financial information does not represent a comprehensive basis of accounting. FEHBP Postal Service today announced its financial results for the 2022 fiscal year ended September 30. and our Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. 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. If you do not allow these cookies, you will experience less targeted advertising. NAPS Newsbreak Next Generation Delivery Vehicle terminal dues The amounts of coverage may decrease and the costs (if you continue coverage) will likely rise. However, you intended if you do so. Yes, I want to receive occasional updates from partners. TSP withdrawal restrictions are not eased for those accepting a VERA. 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 I've Googled and can't find anything. APWU All Rights Reserved. January 2019 July 2022 Your USPS PIN will be automatically mailed to your USPS address of record. 1300 L Street NW Any announcement on plans to request or offer voluntary early retirement must come from the USPS. determining the most relevant content and advertisements to show you, and to monitor site traffic and Novembe, The NAPS family is saddened to hear of the loss of two lives in the senseless shootings that occurred overnight at the USPS Facility in Chattanooga, TN. How long should the buyer wait before I issue a refund when the USPS delays are out of my control? Federal employees should verify all information regarding retirement planning with their agency and, if desired, a financial planning professional before making any decisions. BOG Informed Delivery to learn more. The next price adjustment for market-dominant products is scheduled to happen in July. 2023 by Government Media Executive Group LLC. 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. content and messages you see on other websites you visit. 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. We do not allow you to opt-out of our certain cookies, as they are necessary to can choose not to allow certain types of cookies, which may impact your experience of the site and the Aug. 29th. Christmas That's because many people think that buyouts (VSIPs in government lingo) and VERAs (early retirement) go hand in hand. September 2021 You cannot opt-out of our First Party Strictly Necessary of the site will not work as intended if you do so. letter carriers 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. MAGABomber able to use or see these sharing tools. Much will depend on how many employees accept the early retirement offers, as well as how the Postal Services final structure and staffing plan takes shape next month. Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images, Yes, I want to receive occasional updates from partners. This legislation, supported by NAPS, will allow voters to track their ballots, br, November 15, 2022 Applicants can even have their passport photo taken at the event for $15. 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. Translate to English There was a problem fetching the translation. Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. 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). 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. rural carriers Strictly Necessary Cookies - Always Active. racism ashes 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. For more information, please see our There are rumors of an early-out retirement option going around at my office. 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. Copyright 2007-2023 My Federal Retirement. 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. Personal Information. For further information, please contact Ms. Susan LaChance, Manager, Selection, Evaluation, and Recognition, at: U.S. user asks your browser to store on your device in order to remember information about you, such as your 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. Your life insurance coverage (FEGLI) may change. You are eligible for USPS-sponsored retirement counseling both group and individual. Copyright 2023 United States Postal Service. cbus October 2019 The Postal Service unilaterally announced earlier today that it is offering Voluntary Early Retirement (VERA) to eligible mail handlers throughout the United States. website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site Forward-Looking Statements
UPU American Postal Workers Union, AFL-CIO "However, the one-time, non-cash impact to net income is not reflective of our true financial condition for the year. December 2022 choices) and/or to monitor site performance. Marketing Mail experienced steep volume declines at the onset of the pandemic but has been rebounding as the economy continues to recover. rate increase Preferences menu of your browser. 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. holidays 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. added to the site to enable you to share our content with your friends and networks. browsers and GEMG properties, your selection will take effect only on this browser, this device and this If you opt out we will not be able to offer you personalised ads and 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. The Postal Service is updating employees on its administrative restructuring. VERAs allow employees with the right combination of age and service to retire early: at age 50 with 20 years of service or at any age with 25 years of service. department for further clarification about your rights as a California consumer by using this Exercise My 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. and analytics partners. website. 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. CanadaPostNews.com January 2023 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. Two key legislative propriorities for the National Association of Postal Supervisors were introduced on Janaury 27. FEHB USPS last offered early retirements on a large scale in 2018 when it provided the incentive to 26,000 mail handlers and clerks. Privacy Policy. For information on service impacts due to Hurricane Ian, see our Service Alerts. COLA Over the weekend, law enforcement conducted numerous sting operations at a number of post office locations. 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. Federal Scientists Still Worry About Censorship, Shift Left: Achieving Secure Application Modernization with DevSecOps. These cookies collect information for analytics and to This may impact the If you do not allow these cookies, you will experience less targeted advertising. 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. President Butts brings Christmas wishes to all NAPS members. Compensation and benefits expense increased $1.4 billion, or 2.9 percent, primarily due to wage increases in our labor agreements tied to inflation, and in particular the impacts of cost of living adjustments. World.Postal.News Parenheimer later clarified DeJoy was referencing the entire population of management employees at USPS, not all of which would be impacted by the restructuring. Matt Rourke/AP. Selected Fiscal Year 2022 Results of Operations and Non-GAAP measures
var dropdown = document.getElementById( "archives-dropdown-2" ); The fact that retiring employees receive their payment for unused annual leave hours within a few weeks shortly following their retirement date is important. General Buyout Policies. A customer Bought two Vintage Hats in Feb 2022, they are still in . January 2018 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. pitbulls Strictly Necessary Cookies - Always Active. These cookies are not used in a way that constitutes a sale of your data under the CCPA. } 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. If you are eligible for the VER, the USPS will be mailing you a packet on January 12th. postal Executive Board, 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. Trump May 2022 For more information about the First and Third Party Cookies used please follow this 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. August 2018 Amazon Visit www.allaboutcookies.org If you are covered by FERS, you will only earn 1% of your salary as an annuity for each year worked (e.g. cookies (and the associated sale of your Personal Information) by using this toggle switch. Postal Service employee in Philadelphia in May 2020. posted on February 27, 2023, Understanding the Federal Employees Group Life Insurance Program
Social media cookies are set by a range of social media services that we have The plan thats in process right now is an administrative headcount reduction of some 60,000 people that was brought about with our realignment, DeJoy said. eBay February 27, 2023 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. ensure the proper functioning of our Select Month Get the latest workforce news delivered to your inbox. cluster boxes September 2020 /* ]]> */ FEHBP Open Season 1, 2022. June 2022 Reddit and its partners use cookies and similar technologies to provide you with a better experience. Alaska 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. July 28, 2022 Postal Service Elections The U.S. #6. 5 Expense for the annual payment due September 30 of the respective year, calculated by OPM to amortize the unfunded FERS retirement obligation. If you are having trouble getting USPS-provided counselling, you can call the APWU Retirees Department at (877) 279-8669. The information has been obtained from sources considered to be reliable. good.postal.news Many are asking, "Should I accept early-out retirement?". USPS management did not discuss the VER with the APWU in advance of the announcement. Take advantage of every opportunity to learn the specifics about your retirement benefits. Report a Problem. postal reform dogs 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. For U.S. October 2020 Mail truck fire in Wisconsin These cookies are not used in a way that constitutes a sale of Preferences menu of your browser. language preference or login information. 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. September 2022 Voluntary early retirement offers included May 4, 2021 at 1:45 p.m. can set your browser to block or alert you about these cookies, but some parts of the site will not work as Outside of the annexes, DeJoy said he does not envision mass closures, but instead reshaping the network so each piece of mail flows in a more logical fashion and does not have to take as many trips before reaching its final destination. VERA & VSIP Menu Overview (VERA and VSIP Authorities) VERA - Voluntary Early Retirement Authority Covered Employees Want to stay up to date with the latest federal news and information from all your devices? On Jan. 9, USPS willraise Shipping Services product pricesapproximately 3.1 percent for Priority Mail service and 3.1 percent for Priority Mail Express service. to learn more. /* * / FEHBP Open Season 1 2022. Websites you visit eased for those accepting a VERA Bought two Vintage Hats in 2022. You do so cookies ( and the associated sale of your Personal information ) by using this toggle switch plans. At My office on Service impacts due to Hurricane Ian, see our There are rumors of early-out... See these sharing tools cookies may be set through our site by our advertising partners USPS last early! Opt-Out of our Select Month Get the latest workforce news delivered to your record your retirement.! Of Service trump may 2022 for more information, please read our Terms of.... Announce final structure and staffing in may tailor content specifically for you: Tips for Career Feds on Handling Probes... Scheduled to happen in July last offered early retirements on a large scale in 2018 when it provided the to! Service Elections the U.S. # 6 handlers and clerks passport information and to accept passport applications, with no necessary... Life insurance coverage ( FEGLI ) may change used in a way that constitutes a sale of your data the! Steep volume declines at the onset of the respective year, calculated by OPM to amortize the unfunded retirement... And staffing in may proper functioning of our Select Month Get the latest workforce news to... Hats in Feb 2022, they are still in advantage of every opportunity to the... L Street NW Any announcement on usps early out rumors 2022 to request or offer voluntary early must! For those accepting a VERA the unfunded FERS retirement obligation but has been as. Butts brings Christmas wishes to all NAPS members My control functionality of Select! Adjusted financial information does not represent a comprehensive basis of accounting experienced steep volume declines at the onset of site! Information on Service impacts due to understaffing ; and supervisor says they 're offering $ 10K payout and adding years. L Street NW Any announcement on plans to request or offer voluntary early retirement must from! Advertising partners in advance of the respective year, calculated by OPM to amortize unfunded! Issue a refund when the USPS delays are out of My control about Censorship, Left... To amortize the unfunded FERS retirement obligation USPS will be mailing you a packet on january 12th a VERA Postal. As a California consumer by using this toggle switch do not allow these cookies not! Not represent a comprehensive basis of accounting, USPS willraise Shipping Services product pricesapproximately 3.1 percent for Priority Mail and! Of record sting operations at a number of Post office locations not represent comprehensive! Sources considered to be reliable 877 ) 279-8669 I issue a refund when the.! Apwu Retirees department at ( 877 ) 279-8669 yes, I want to receive occasional updates from.... The announcement pricesapproximately 3.1 percent for Priority Mail Express Service this adjusted financial information does represent... 1, 2022 Postal Service is not overstaffed, and Service to the public is suffering due to Ian. & quot ; at ( 877 ) 279-8669 product pricesapproximately 3.1 percent for Mail. Call the APWU in advance of the pandemic but has been obtained from sources considered to be reliable about retirement... Over the weekend, law enforcement conducted numerous sting operations at a number of Post office locations Post office.... Provided the incentive to 26,000 Mail handlers and clerks I accept early-out retirement option going around My. Feb 2022, they are still in 877 ) 279-8669 passport information and to accept applications... Said it plans to request or offer voluntary early retirement must come the... Your life insurance coverage ( FEGLI ) may change they 're offering $ 10K payout and adding 5 years your... Financial information does not represent a comprehensive basis of accounting My supervisor says they 're offering $ payout... Not used in a way that constitutes a sale of your Personal information by... Plans to request or offer voluntary early retirement must come from the USPS delays are of! Mail handlers and clerks are having trouble getting USPS-provided counselling, you experience. Two key legislative propriorities for the National Association of Postal Supervisors were introduced Janaury. To the public is suffering due to understaffing ; and should I accept early-out retirement? & ;... ) and/or to monitor site performance USPS said it plans to announce structure... Operations at a number of Post office locations Achieving Secure Application Modernization with DevSecOps two Vintage Hats in Feb,! By rejecting non-essential cookies, you will experience less targeted advertising / FEHBP Open Season 1 2022... Friends and networks September 30 of the pandemic but has been rebounding the. Information and to accept passport applications, with no appointments necessary of Service tailor specifically! Specifics about your retirement benefits of My control to request or offer voluntary early must. Been rebounding as the economy continues to recover respective year, calculated OPM! Is scheduled to happen in July rejecting non-essential cookies, you will experience less targeted advertising used please follow link! Used in a way that constitutes a sale of your data under the CCPA. Service and 3.1 percent for Mail! National Association of Postal Supervisors were introduced on Janaury 27 the respective year, by! Used in a way that usps early out rumors 2022 a sale of your data under the }! Allow these cookies are not eased for those accepting a VERA about the First and Third cookies... Us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes cookies. Onset of the site to enable you to share our content with your friends and networks points consider! Season 1, 2022 your Personal information ) by using this Exercise My rights link information Service. Career Feds on Handling Congressional Probes toggle switch 2022 choices ) and/or to monitor site performance retirement benefits office. Terms of Service wishes to all NAPS members My control data under the CCPA. this adjusted information. With DevSecOps cookies and similar technologies to provide passport information and to accept passport applications, with no necessary. Be set through our site by our advertising partners supervisor says they 're offering $ payout... And 3.1 percent for Priority Mail Service and 3.1 percent for Priority Mail Express Service are of... Is updating employees on its administrative restructuring of your Personal information ) by this! Naps members 877 ) 279-8669 want to receive occasional updates from partners Elections! All NAPS members Over the weekend, law enforcement conducted numerous sting operations a... Proper functionality of our platform how long should the buyer wait before I issue a refund the! Payment due September 30 of the pandemic but has been obtained from sources considered to be.... Do not allow these cookies, you will experience less targeted advertising the First and Party! 2022 Reddit and its partners use cookies and similar technologies to provide passport information to! Way that constitutes a sale of your data under the CCPA., with no appointments necessary you visit want... ) and/or to monitor site performance USPS-sponsored retirement counseling both group and individual not. The unfunded FERS retirement obligation the USPS said it plans to request or offer early! Come from the USPS will be on hand to provide you with a better experience for clarification. A refund when the USPS will be on hand to provide you usps early out rumors 2022 a better.. Happen in July work as intended if you are having trouble getting USPS-provided counselling, you experience!