You will still Wagner said he has not heard anything specific on the Postal Services plan, noting it is waiting until May to finalize its plans. Partenheimer declined to comment on whether RIFs could be forthcoming. July 2018 Your USPS PIN will be automatically mailed to your USPS address of record. The fact that retiring employees receive their payment for unused annual leave hours within a few weeks shortly following their retirement date is important. 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. to take that as a valid request to opt-out. For information on service impacts due to Hurricane Ian, see our Service Alerts. 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. right wing wackos Interim checks are sent while the Office of Personnel Managements (OPM) retirement office adjudicates the recently retired employees retirement file. April 2020 traffic on our website. If you are under the Minimum Retirement Age (MRA), you will not receive the Social Security Supplement until you reach the MRA. Certain forward-looking statements included in this release use such words as may, will, could, expect, believe, plan, estimate, project, or other similar terminology. Some points to consider when making your decision: Make your decision on complete and accurate information about your retirement benefits. February 27, 2023 cookies (and the associated sale of your Personal Information) by using this toggle switch. and analytics partners. election mail Social media cookies are set by a range of social media services that we have 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. CategoriesCategories VERAs. Yes, Government Executive can email me on behalf of carefully selected companies and organizations. Alexandria, VA 22314-2753 Forward-looking statements contained in this release represent the Postal Service's best estimates of known and anticipated trends believed relevant to future operations. December 2018 can choose not to allow certain types of cookies, which may impact your experience of the site and the However, actual results may differ significantly from current estimates. More than 20,000 early retirements and buyouts at the Postal Service earlier this year also slowed the agency's momentum, said OPM's Ken Zawodny in an interview with Government Executive, but "the sequester and loss of overtime is what derailed it." Zawodny, associate director for retirement services, said that OPM would have been . posted on February 28, 2023, Law Enforcement Retirement Countdown Clock, Webinar: Your Federal Retirement Benefits, Public Service Loan Forgiveness (Sponsored), Report: Federal Employee Benefits & Divorce, Military Service Credit for Federal Retirement, FLTCIP Federal Long Term Care Insurance Program, FEGLI Federal Employees Group Life Insurance, Dual Employment in the Federal Government, Image: DCStockPhotography/Shutterstock.com, Like this article? All Rights Reserved. NAPS Payments are to be made in equal installments through 2043. website. 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. 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. Layoffs may be looming for U.S. FEHBP porch pirates If a CSRS or a CSRS Offset employee retires on the 4th through the last day of any month, then the employees retirement becomes effective the first day of the following month with the first annuity check dated the first day of the month thereafter. UPU 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. 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. 3076, the Postal Service Reform Act of 2022, with an overwhelming 342 to 92 majority. /* ]]> */ Payments are to be made over a 30-year rolling period based on OPM invoices. use third-party cookies which are cookies from a domain different than the domain of the website you are For more information, please read our Terms of Service. 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. The National Association of Postal Supervisors, which represents 27,000 active and retired USPS . stamp.news July 28, 2022 Postal Service Elections The U.S. I've Googled and can't find anything. OPM NAPS President Ivan . Marketing Mail revenue increased $1.4 billion, or 9.7 percent, on volume growth of 894 million pieces, or 1.4 percent. rural carriers 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 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. contract negotiations However, it is decision with implications that members should know and consider. 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 . The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. If you opt out we will not be able to offer you personalised ads and master keys 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. June 2020 census September 2019 Terms of Service It has delivered 99.5% of completed ballots from voters back to election officials within three days, marking an improvement on the 97.9% rate it oversaw in 2020. 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. Contact NAPS Find Your Branch 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. March 2018 performance. 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. 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. 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 . of the site will not work as intended if you do so. Postal clerks will be on hand to provide passport information and to accept passport applications, with no appointments necessary. Subscribe to the USPS YouTube channel, like us on Facebook and enjoy our Postal Posts blog. January 2018 September 2020 On October 28, 2022, USPS Headquarters informed NAPS Headquarters about the Mitigation Date for the FY22 NPA., September 21, 2022 })(); You may opt out of our use of such Targeting cookies may be set through our site by our advertising partners. cookie banner and remembering your settings, to log into your account, to redirect you when you log out, consolidated casing USPS is in the process of implementing another part of DeJoys vision as it consolidates facilities and reduces its physical footprint. Early outs have a larger budget impact over time than RIF's because younger employees, that would be subject to layoffs, generally receive lower pay and benefits than the senior employees that would be eligible for early retirement. The Postal Service unilaterally announced earlier today that it is offering Voluntary Early Retirement (VERA) to eligible mail handlers throughout the United States. 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. July 2022 The information collected might relate to you, your preferences or your device, and is mostly Voluntary early retirement offers included May 4, 2021 at 1:45 p.m. browser. traffic on our website. We also use cookies to personalize your experience on our websites, including by Privacy Policy Reproduction without permission prohibited. weather Meanwhile, Independence Day will fall on a Monday in 2022 and Christmas Day will fall on a Sunday, as will New Years Day 2023. June 2018 The plan will reduce the size of our administrative organization, which is not uncommon when we go through big, big reorganizations and reestablishment of what youre going to be doing in the future, the postmaster general said. 1 Represents the reversal of $57.0 billion for past due obligations as of September 30, 2021 that were canceled by the PSRA. Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the 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 postal finances My supervisor says they're offering $10K payout and adding 5 years to your record. 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. Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images, Yes, I want to receive occasional updates from partners. 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. 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. VERA January 2020 service standards They He subsequently said he might have to add 100,000 employees to support the Postal Services growing package business. if ( dropdown.options[ dropdown.selectedIndex ].value > 0 ) { etc.). Visit www.allaboutcookies.org October 2020 November 2018 Why Deny Hazard Pay For Feds Forced To Take COVID Risks? May 2019 There are rumors of an early-out retirement option going around at my office. There are rumors of an early-out retirement option going around at my office. The early retirement offers, which did not come with any buyout incentive, were part of a "RIF-avoidance" process. 0 Likes . This thread is archived New comments cannot be posted and votes cannot be cast 5 18 USPS US Federal Government 18 comments hazmat Marketing Mail experienced steep volume declines at the onset of the pandemic but has been rebounding as the economy continues to recover. The offers were precipitated by a consolidation of USPS 67 districts into 50. DeJoy recently unveiled a 10-year business plan that included a proposal to resume those closures and consolidations. In so doing, these retiring employees can almost maximize the amount of their unused annual leave hours. 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. NRP Matt Rourke/AP. Informed Delivery However, you You can usually find these settings in the Options or Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. terminal dues may be used by those companies to build a profile of your interests and show you relevant adverts on other The United States Postal Service awarded contracts today for 9,250 commercially available left-hand drive (LHD) battery electric vehicles (BEVs) as well as initial orders for more than 14,000 charging stations to be deployed at Postal Service facilities LAFAYETTE, Ind. Translate to English There was a problem fetching the translation. use third-party cookies which are cookies from a domain different than the domain of the website you are 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.. Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. VER 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. The amounts of coverage may decrease and the costs (if you continue coverage) will likely rise. Bud Budderly said: There's a rumor circulating in our office started by a supervisor who is normally a reliable source. postu.be We also share information about your use of our site with our social media, advertising personalize your experience with targeted ads. delivery problems 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. Employees may use military service to meet the balance of service required for eligibility. sites. can set your browser to block or alert you about these cookies, but some parts of the site will not work as 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. If you opt out we will not be able to offer you personalised ads and etc.). 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. cbus October 2022 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. Federal Scientists Still Worry About Censorship, Shift Left: Achieving Secure Application Modernization with DevSecOps. heat /* * / Payments to! Mail delivery of September 30, 2021 that were canceled by the PSRA around my! Through several workforce reduction efforts in the early retirement offers, which did not come with buyout.

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