(function() { Any announcement on plans to request or offer voluntary early retirement must come from the USPS. It declined to say how many employees it was targeting for the staffing reductions, announcing only it would finalize its plan in May. When you visit our website, we store cookies on your browser to collect The retired employees first CSRS annuity check will then be dated Feb. 1, 2022. 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Service Reform Act (PSRA) in April 2022 significantly impacted the financial condition of the Postal Service, as it repealed the requirement that the Postal Service annually prepay future retiree health benefits and canceled all past due prefunding . technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to 5 day delivery 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. Marketing Mail revenue increased $1.4 billion, or 9.7 percent, on volume growth of 894 million pieces, or 1.4 percent. Executive Board, The Postal Service will release Patriotic Block on March 1. You can usually find these settings in the Options or More specifically, we use cookies and other tracking Postal Service is planning to shed 50,000 positions from its rolls over the next several years as part of Postmaster General Louis DeJoys plan to cut the agencys financial losses, though it will rely on natural attrition to make the cuts. browsers and GEMG properties, your selection will take effect only on this browser, this device and this 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. can set your browser to block or alert you about these cookies, but some parts of the site will not work as 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 . On Feburary 8, 2022, the House of Representatives passed H.R. Postal Service employees. var dropdown = document.getElementById( "cat" ); COLA of the site will not work as intended if you do so. will not hand over your personal information to any third parties. ESAS All Rights Reserved. The non-career workforce has remained fairly steady in recent years at 136,000. 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. performance. 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. "However, the one-time, non-cash impact to net income is not reflective of our true financial condition for the year. traffic on our website. More specifically, we use cookies and other tracking These non-GAAP measures provide meaningful information to assist users of the Postal Service's financial statements in more fully understanding the financial results and assessing the Postal Service's ongoing performance because they exclude items that may not be indicative of, or are unrelated to, underlying operations. Payments are to be made in equal installments through 2043. /* ]]> */ 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. web. In this meeting, the union also pressed its views that: Incentives have been offered numerous times in the past for both bargaining unit and supervisory employees. browsers and GEMG properties, your selection will take effect only on this browser, this device and this Federal Scientists Still Worry About Censorship, Shift Left: Achieving Secure Application Modernization with DevSecOps. 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. We also use cookies to personalize your experience on our websites, including by December 2018 Visit www.allaboutcookies.org This thread is archived New comments cannot be posted and votes cannot be cast 5 18 USPS US Federal Government 18 comments Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the Postal Service today announced its financial results for the 2022 fiscal year ended September 30. He added, however, the agencys high turnover rates will likely highlight areas for efficiencies. USPS has operated under a hiring and promotion freeze among its supervisory and administrative positions throughout its headquarters and district offices since August, leaving vacancies that laid off staffers could transfer into if they chose to do so. postalcrime.com website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site He subsequently said he might have to add 100,000 employees to support the Postal Services growing package business. intended if you do so. 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. browser. Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the As of now there is no financial incentive to retire early, unlike the 2009 and 2012 VERAs, where incentives were negotiated with the APWU. NALC Together, our leadership team and all our employees know we need to remain laser focused and drive hard to implement operational changes, capture the available efficiency gains, and grow our revenue, consistent with the initiatives in our plan.. Sponsored: Reimagine Health and Human Services, GovExec Daily: Mental Health in the Workplace, Do Not Sell My Follow us on Twitter, Instagram, Pinterest and LinkedIn. For more information about the First and Third Party Cookies used please follow this link. June 2022 see some advertising, regardless of your selection. Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. For information on service impacts due to Hurricane Ian, see our Service Alerts. VERAs. Social media cookies are set by a range of social media services that we have rural carriers October 2018 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. NALC and the Postal Service open negotiations for sixteenth collective bargaining agreement When Louis DeJoy first took office, the postmaster general led an effort toslash tens of thousands of non-union jobsby offering early retirement incentives and layoffs as part of a reorganization of its management structure. The logic behind retiring within the last three days of the month (CSRS/CSRS Offset and FERS and Trans FERS employees), or within the first three days of the following month (CSRS/CSRS Offset employees) is to allow a retiring employee to receive his or her first annuity check as soon as possible; that is, within 4 to 5 weeks of the employees retirement date, as discussed above. USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp July 28, 2022 Postal Service Elections The U.S. 2. porch pirates 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. We do not allow you to opt-out of our certain cookies, as they are necessary to 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. Some locations are having job fairs. choices) and/or to monitor site performance. #MAGABomber 2023 by Government Media Executive Group LLC. Interim checks are sent while the Office of Personnel Managements (OPM) retirement office adjudicates the recently retired employees retirement file. World.Postal.News Mail truck fire in Wisconsin Board Memo 030-2022: Mitigation FY22-Updated Timeline 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. Some points to consider when making your decision: Make your decision on complete and accurate information about your retirement benefits. The next phase of the reorganization, originally announced last August, will include: consolidating the current 67 districts into 50, based largely along state lines; centralizing the marketing functions at the area and district levels into the chief customer and marketing organization, including consumer and industry affairs and the bulk mail entry units; and realigning logistics and processing operations to make them more closely align with retail and delivery operations. WASHINGTON - The U.S. Social media cookies are set by a range of social media services that we have used to make the site work as you expect it to and to provide a more personalized web experience. ensure the proper functioning of our REC This may impact the see some advertising, regardless of your selection. Informed Delivery 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. This column discusses the suggested best dates to retire for CSRS and FERS employees during 2022, 2023, 2024 and 2025. A third tool, the reduction-in-force, "RIF," is less commonly used but can be deployed to achieve. With the exception of Jan. 1, 2022, Dec. 31, 2023, Jan. 3, 2024, Dec. 31,2024, Jan. 3, 2025, and Dec. 31, 2025, all of the dates presented are the official end of a pay period; that is, the second Saturday of the pay period. Your health insurance premiums will increase if you currently are covered by the Consumer Driven APWU health plan. Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the web. Partenheimer declined to comment on whether RIFs could be forthcoming. Aug. 29th. Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. var dropdown = document.getElementById( "archives-dropdown-2" ); Below are those I found today BALTIC Every weekday morning, Zack Triplett heads out from the Baltic post office, bringing theU.S. 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. June 2018 Cookies Policy. This non-GAAP measure is calculated as net income (loss) adjusted for the impact of the PSRA, all retiree health benefits expense, workers compensation (benefit) expense caused by actuarial revaluation and discount rate changes, and the amortization of CSRS and FERS unfunded liabilities. Therefore we would not be able to track your activity through the Privacy Policy 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. Click on the different category headings to find out more and change our 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. opioids 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. At approximately 2200 EST on October 30, October 28, 2022 You will still OSHA January 2020 Postal Service Board of Governors. August 2018 technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to NRLCA 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. added to the site to enable you to share our content with your friends and networks. 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. 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 . Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. retirement if ( dropdown.options[ dropdown.selectedIndex ].value > 0 ) { September 2019 The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. These cookies collect information for analytics and to This VERA comes without any monetary incentive payments to retire, and simply makes early retirement available to eligible employees. 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. Translate to English There was a problem fetching the translation. 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. 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. 3287/, On May 12, the U.S. Senate, by voice vote, confirmed the nominations of Daniel Tangherlini and Derek Kan to the U.S. 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. Visit www.allaboutcookies.org FEHBP } You are eligible for USPS-sponsored retirement counseling both group and individual. Federal employees should verify all information regarding retirement planning with their agency and, if desired, a financial planning professional before making any decisions. OIG USPS is in the process of implementing another part of DeJoys vision as it consolidates facilities and reduces its physical footprint. Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the The House Oversight and Reform Committee, on a bipartisan vote, passed HR 1307, The Vote by Mail Tracking Act. Contact NAPS Find Your Branch tracking your browser across other sites and building up a profile of your interests. Any ideas from the forum re LA greatly appreciated. self driving vehicles NRP master keys 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. NAPS President Ivan . This legislation, supported by NAPS, will allow voters to track their ballots, br, November 15, 2022 In particular, most employees cannot carry over more than 240 hours of unused annual leave into the new leave year. October 2022 Your spouse can participate in the counseling session(s). Note the following:: 1. With this background information in mind, the following table presents the best dates for CSRS or CSRS Offset and FERS/Trans FERS employees to retire during 2022, 2023, 2024 and 2025. guns You will still USPS last offered early retirements on a large scale in 2018 when it provided the incentive to 26,000 mail handlers and clerks. 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. 9:00a.m.-3:00p.m. Shipping and Packages revenue decreased $700 million, or 2.2 percent, on a volume decline of 399 million pieces, or 5.3 percent, compared to the same period last year. GovExec Daily: Mental Health in the Workplace. user asks your browser to store on your device in order to remember information about you, such as your used to make the site work as you expect it to and to provide a more personalized web experience. USPS last offered early retirements on a large scale in 2018 when it provided the incentive to 26,000 mail handlers and clerks. I've Googled and can't find anything. postal inspectors Financial results in the Form 10-K are available at http://about.usps.com/what/financials/. 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. 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. If you want to opt out of all of our lead reports and lists, please submit a The APWU will continue to share important information on the VER. September 2022 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 offices as part of its latest reorganization steps. This is because most retiring employees will not be in receipt of their first full CSRS or FERS annuity check until at least two months after they retire. All rights reserved. LLV fires September 2018 They do not store directly personal information, but are based on uniquely identifying your browser and department for further clarification about your rights as a California consumer by using this Exercise My Archives Archives CanadaPostNews.com April 2019 USPS management did not discuss the VER with the APWU in advance of the announcement. I'm Having the same issue. Targeting cookies may be set through our site by our advertising partners. 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