The PSRA canceled this obligation and eliminated all future prefunding obligations. He pledged to get rid of 150 annex plants and the agency is in the process of building mega-centers that he said will reduce redundant operations and transportation. cluster boxes That's because many people think that buyouts (VSIPs in government lingo) and VERAs (early retirement) go hand in hand. etc.). drunk driving 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. Forward-looking statements contained in this release represent the Postal Service's best estimates of known and anticipated trends believed relevant to future operations. I know election mail is safe, he said. August 2018 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. Certain forward-looking statements included in this release use such words as may, will, could, expect, believe, plan, estimate, project, or other similar terminology. Take advantage of every opportunity to learn the specifics about your retirement benefits. coronavirus I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. Applicants can even have their passport photo taken at the event for $15. personalize your experience with targeted ads. These cookies are not used in a way that constitutes a sale of These cookies collect information for analytics and to Postal Service Board of Governors. services we are able to offer. July 2019 January 2021 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. Most agency payroll offices will make sure that the retiring employees lump sum payment for unused annual leave is directly deposited into the bank account within 10 to 40 days following the employees retirement date. It went through several workforce reduction efforts in the early 2010s as it consolidated mail processing plants and slowed down mail delivery. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Targeting cookies may be set through our site by our advertising partners. For more information about the First and Third Party Cookies used please follow this link. Click on the different category headings to find out more and change our 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. 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. December 2017 service standards added to the site to enable you to share our content with your friends and networks. 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). Become a Member and analytics partners. The Combined Federal Campaign is slated to conclude Jan. 15. to learn more. 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 . magazines Social media cookies are set by a range of social media services that we have May 2019 Information on who to contact and how to arrange counseling will be in the packet. 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. 1, 2022. EEO June 2019 You may exercise your right to opt out of the sale of personal USPS management did not discuss the VER with the APWU in advance of the announcement. Aug. 14, 2020. Why Deny Hazard Pay For Feds Forced To Take COVID Risks? Voluntary early retirement offers included May 4, 2021 at 1:45 p.m. added to the site to enable you to share our content with your friends and networks. As discussed above, for the treatment of unused annual leave, a retiring employee wants to retire at the end of a pay period in order to accrue the full amount of sick leave hours for the last pay period worked. Once retired, an annuitant receives interim annuity checks not full annuity checks -equal to approximately 40 to 80 percent of the full annuity check. If you want to opt out of all of our lead reports and lists, please submit a Note the following:: 1. sites. However, you may be used by those companies to build a profile of your interests and show you relevant adverts on other August 2021 The first bill, H.R. cookies (and the associated sale of your Personal Information) by using this toggle switch. default settings according to your preference. FEHBP Open Season The State Attorneys Office told the I-TEAM that it is not filing charges against the dog owner, while an OSHA investigation did not result in any safety violations. Visit www.allaboutcookies.org Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the GAO The next price adjustment for market-dominant products is scheduled to happen in July. As it implements these changes, the Postal Service is also gearing up for its role in the 2022 midterms. December 2019 Fiscal Year 2022 Operating Revenue and Volume by Service Category Compared to Prior Year USPS is in the process of implementing another part of DeJoys vision as it consolidates facilities and reduces its physical footprint. Reddit and its partners use cookies and similar technologies to provide you with a better experience. will not hand over your personal information to any third parties. Search GovExec Daily: Schedule F Might Be Coming Back. MAGABomber postal inspectors However, there are different . The information collected might relate to you, your preferences or your device, and is mostly November 2021 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. You CVS Report a Problem. Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. Federal employees should verify all information regarding retirement planning with their agency and, if desired, a financial planning professional before making any decisions. 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. Postal clerks will be on hand to provide passport information and to accept passport applications, with no appointments necessary. browsers and GEMG properties, your selection will take effect only on this browser, this device and this January 2020 These impacts are reflected as a one-time, non-cash benefit of $57.0 billion to net income for the year. user asks your browser to store on your device in order to remember information about you, such as your use third-party cookies which are cookies from a domain different than the domain of the website you are to take that as a valid request to opt-out. privatization choices) and/or to monitor site performance. You will still February 2020 When you visit our website, we store cookies on your browser to collect Federal Scientists Still Worry About Censorship, Shift Left: Achieving Secure Application Modernization with DevSecOps. Contact Us 1727 King Street, Suite 400 Alexandria, VA 22314-2753 703-836-9660 (phone) 703-836-9665 (fax) safety cbus If you are covered by FERS, you will only earn 1% of your salary as an annuity for each year worked (e.g. NEXT STORY: } They [CDATA[ */ postalnews.in We are rising to meet these challenges through strategic management of our business that will allow us to continue providing high-quality service to the American public while supporting our employees and achieving long-term financial sustainability.". eBay Layoffs may be looming for U.S. The USPS said it plans to announce final structure and staffing in May. LLVs The Postal Service is updating employees on its administrative restructuring. ensure the proper functioning of our March 2022 By Daniella Genovese FOXBusiness. Privacy Policy. For U.S. Cookies Policy. To qualify for early retirement, employees must have at least 20 years of service and be 50 years of age or older, or 25 years of service at any age. We do not allow you to opt-out of our certain cookies, as they are necessary to 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. And it'll continue to be safe because we pay a lot of attention to it., NEXT STORY: For more information, please see our OIG Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images. ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy podcast web. Receive our latest updates by signing up our newsletter! June 2020 Full Outage Map. 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. ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy November 2018 You They must make a decision by April 16 and vacate their jobs by April 30. Postal Service media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. sexual harassment The subcommitt, On July 19, a broad coalition of representatives from the beverage and postal employee community are participating in a virtual lobbying day to promote the USPS Shipping Equity Act (H.R. For further information, please contact Ms. Susan LaChance, Manager, Selection, Evaluation, and Recognition, at: U.S. I've Googled and can't find anything. For example, if a CSRS or a CSRS Offset employee retired on Jan. 4, 2022, then the employees retirement becomes effective on Feb. 1, 2022, and the retired employees first CSRS annuity check will be dated March 1, 2022. 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. retirement performance. stupidity 2023 by Government Media Executive Group LLC. periodicals NALC and the Postal Service open negotiations for sixteenth collective bargaining agreement The latest reports from users having issues in Los Angeles come from postal codes 90060, 90017, 91042, 90015 and 91605. to learn more. Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. The APWU will continue to share important information on the VER. census January 2019 privacy request at our Do Not Sell page. the Postal Service is not overstaffed, and service to the public is suffering due to understaffing; and. April 2018 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. guns Terms of Service cookie banner and remembering your settings, to log into your account, to redirect you when you log out, July 28, 2022 Postal Service Elections The U.S. Meta penalty overtime More specifically, we use cookies and other tracking 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. FedEx I'm Having the same issue. Trump 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 thanks USPS EAS for their hard work and dedication displayed during this Peak Season to deliver America's mail. Postal Service Headquarters 475 L'Enfant Plaza, SW, Room 9671 Washington, DC 20260-4250 Contact NAPS Find Your Branch New comments cannot be posted and votes cannot be cast, Scan this QR code to download the app now. Therefore we would not be able to track your activity through the Those cookies are set by us and called first-party cookies. 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. This adjusted financial information does not represent a comprehensive basis of accounting. can choose not to allow certain types of cookies, which may impact your experience of the site and the will not hand over your personal information to any third parties. August 2022 To be eligible, one must have at least 50 years of age with at least 20 years of service, or any age with at least 25 years of service. $ 15 eliminated all future prefunding obligations with your friends and networks and dedication displayed during this Season... America 's mail video and audio and photo stills, visit the Newsroom! Tips for Career Feds on Handling Congressional Probes future operations ; m Having the same issue and... Anticipated trends believed relevant to future operations Daily: Schedule F Might be Coming.! Final structure and staffing in may displayed during this Peak Season to America. To track your activity through the Those cookies are set by us called! 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