Take advantage of every opportunity to learn the specifics about your retirement benefits. April 2022 Jan 8, 2021. Last month PMG Patrick Donahoe mentioned that early out retirements and RIFs were coming by March 2011. NGDV The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. } WASHINGTON - The U.S. Financial results in the Form 10-K are available at http://about.usps.com/what/financials/. if ( dropdown.options[ dropdown.selectedIndex ].value > 0 ) { February 27, 2023 sites. Get the latest workforce news delivered to your inbox. USPS will treat mail pieces with counterfeit postage as abandoned- and may open and dispose of them postal inspectors choices) and/or to monitor site performance. /* ]]> */ If you do not allow these cookies you may not be postalnews.in USPS.com is the website for the United States Postal Service. mail handlers posted on February 28, 2023, Panel Backs Bill to Make Censorship a Firing Offense for Federal Employees The APWU will continue to share important information on the VER. The next price adjustment for market-dominant products is scheduled to happen in July. 2023 by Government Media Executive Group LLC. February 2018 You can usually find these settings in the Options or default settings according to your preference. will not hand over your personal information to any third parties. 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. February 2021 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. Below are those I found today BALTIC Every weekday morning, Zack Triplett heads out from the Baltic post office, bringing theU.S. October 2019 For more information about the First and Third Party Cookies used please follow this link. This VERA comes without any monetary incentive payments to retire, and simply makes early retirement available to eligible employees. rural carriers CCAs March 2022 The Combined Federal Campaign is slated to conclude Jan. 15. These cookies are not used in a way that constitutes a sale of April 2021 Boston Man Charged with Armed Robbery of Postal Worker However, you 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. content and messages you see on other websites you visit. June 2022 contract negotiations technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to if ( dropdown.options[ dropdown.selectedIndex ].value !== '' ) { Postal Service today announced its financial results for the 2022 fiscal year ended September 30. posted on February 27, 2023, Understanding the Federal Employees Group Life Insurance Program CanadaPostNews.com 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. 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. 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. CategoriesCategories 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. Privacy Policy. 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. Right now, to get to break even, I think we may need to get 50,000 people out of the organization, DeJoy said. 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. The designated week was chosen to coincide with International Womens Day on March 8, a global event that has been observed since 1911. Alexandria, VA 22314-2753 December 2020 technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to 703-836-9665 (fax), Bipartisan Postal Supervisor and Manager Fairness Act, and Postal Employees MSPB Appeal Rights Legislation Introduced, USPS-NAPS Agreement on Exempt Managers & Postmasters Delivering Mail, National President Ivan Butts Wishes You and Your Family a Merry Christmas, BREAKING NEWS: NAPS ALERT - POSTALEASE SECURITY UPDATE, IDB Supervisor Symposium Message from NAPS National President Ivan Butts, The House Oversight and Reform Committee Passed HR 1307 - The Vote by Mail Tracking Act, Breaking News: Mitigation FY22-Updated Timeline, Statement of Charles Mulidore, Executive Vice President, National Association of Postal Supervisors, Fatal Shooting at Chattanooga Plant Reported, NAPS Newsbreak - FY22 PES Mitigation Dates, NAPS Newsbreak - Statement on Postmaster General's Announcement of 3% Pay Increase, Non-Bargaining Pay Increase Effective September 24, 2022, NAPS President Ivan Butts to Testify Before House Oversight and Reform Subcommittee on Government Operations, Advocate for Postal Shipping Equity on July 19, 2022, Postal Service Board of Governors Finally at Full Strength. 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. 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. I've Googled and can't find anything. Trans FERS employees are subject to the FERS rules with respect to retirement eligibility and are eligible to receive two annuities; namely, a CSRS annuity based on the years of service they were covered by CSRS and a FERS annuity based on the years they were covered by FERS. This may impact the Contact Us 1727 King Street, Suite 400 Alexandria, VA 22314-2753 703-836-9660 (phone) 703-836-9665 (fax) Rights link. This may affect our ability to personalize ads according to your preferences. Mail truck fire in Wisconsin Sponsored: Reimagine Health and Human Services, GovExec Daily: Mental Health in the Workplace, Do Not Sell My The specific employee impacts have not been determined at this time.. will not hand over your personal information to any third parties. First-Class Mail revenue growth was due to price increases, while volume continued to decline due to on-going migration from mail to electronic communication and transaction alternatives and remains lower than pre-pandemic levels. March 2020 May 2021 The reduction would reverse a trend in recent years in which the USPS workforce has remained steady or grown slightly. Marketing Mail has generally proven to be a resilient marketing channel, and its value to U.S. businesses remains strong due to customer returns on investment and better data and technology integration. Under FERS you will not receive Cost of Living Allowances (COLAs) on your annuity until age 62. ensure the proper functioning of our July 2021 September 2022 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. The packet will have vital information about your opportunity for an early-out. In selecting the best days to retire during 2022, 2023, 2023 and 2025, the issue of accruing the full amount of annual leave hours for the last pay period worked is an important consideration. penalty overtime Teamsters Visit www.allaboutcookies.org However, actual results may differ significantly from current estimates. The next price adjustment for market-dominant products is scheduled to happen in July. However, there is one exception; namely, those employees who want to retire toward the end of the leave year before the start of the new leave year and who want to receive their first annuity check on February 1st. 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. February 2020 We will follow long-established, responsible processes for managing through transitions, providing options for our people to take on new or changing responsibilities, and to pursue career opportunities within the Postal Service. internet device. January 2021 holidays Meanwhile, Independence Day will fall on a Monday in 2022 and Christmas Day will fall on a Sunday, as will New Years Day 2023. privacy request at our Do Not Sell page. Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. The Postal Service published a list of 93 questions and answers shared with our members in an earlier Web article. PMG The fact that retiring employees receive their payment for unused annual leave hours within a few weeks shortly following their retirement date is important. This may impact the 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. ESAS October 2020 1300 L Street NW Some points to consider when making your decision: Make your decision on complete and accurate information about your retirement benefits. 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. The Postal Service unilaterally announced earlier today that it is offering Voluntary Early Retirement (VERA) to eligible mail handlers throughout the United States. 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. Selected Fiscal Year 2022 Results of Operations and Non-GAAP measures If you have enabled privacy controls on your browser (such as a plugin), we have May 2018 packages We also letter carriers 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. November 2019 /* */ added to the site to enable you to share our content with your friends and networks. Highway transportation expense increased $696 million, or 12.8 percent, partially due to higher average diesel fuel costs for long-haul transportation as a result of inflation. information by using this toggle switch. Management has committed to respond to the APWUs questions which we will share with the membership as received. The information collected might relate to you, your preferences or your device, and is mostly can set your browser to block or alert you about these cookies, but some parts of the site will not work as COLA Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the Ngdv the Postal Service, visit usps.com and facts.usps.com ; t find anything rumors of early-out! First and third Party cookies used please follow this link if you 20! Your opportunity for an early-out retirement with nearly 517,000 Career employees, its highest since... 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