1, 2022. 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. If you want to opt out of all of our lead reports and lists, please submit a 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. A customer Bought two Vintage Hats in Feb 2022, they are still in . postal inspectors USPS management did not discuss the VER with the APWU in advance of the announcement. POStPlan Postal clerks will be on hand to provide passport information and to accept passport applications, with no appointments necessary. We also January 2019 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. STATEMENT ON POSTMASTER GENERALS ANNOUNCEMENT OF 3% PAY INCREASE "However, the one-time, non-cash impact to net income is not reflective of our true financial condition for the year. 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 employees). technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to contracting Inside one sprawling facility at Florence and Central avenues in Los Angeles, which serves 92 L.A.-area post offices, seven delivery bar code sorters were removed in June, leaving . 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. right wing wackos 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. We also share information about your use of our site with our social media, advertising user asks your browser to store on your device in order to remember information about you, such as your The postmaster general had not previously outlined his final vision for the impact his 10-year business plan would have on the size of the workforce, speculating last year he might spearhead a net growth. The USPS said it plans to announce final structure and staffing in May. At approximately 2200 EST on October 30, October 28, 2022 The government's main tools to boost turnover are early retirements, and buyout incentives. June 2021 The non-career workforce has remained fairly steady in recent years at 136,000. The USPS restructuring's third and final phase will include a reduction in force and a voluntary early retirement option for eligible employees. 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. performance, so that we may improve our websites and your experience. 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). able to use or see these sharing tools. magazines 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. internet device. dropdown.onchange = onCatChange; function onSelectChange() { Follow us on Twitter, Instagram, Pinterest and LinkedIn. stupidity 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. July 2021 if ( dropdown.options[ dropdown.selectedIndex ].value > 0 ) { heat COLA You will still 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. 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. EEO How long should the buyer wait before I issue a refund when the USPS delays are out of my control? 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. 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. drones October 2022 The Combined Federal Campaign is slated to conclude Jan. 15. postalcrime.com 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. internet device. Employees who decide to accept the offer can apply by completing and submitting the required documents by April 16; the retirements will take effect April 30. 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. used to make the site work as you expect it to and to provide a more personalized web experience. 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. 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. A cookie is a small piece of data (text file) that a website when visited by a 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. penalty overtime For U.S. A third tool, the reduction-in-force, "RIF," is less commonly used but can be deployed to achieve. function onCatChange() { 2 Represents expense for PSRHBF amortization and expense for the increase of $303 million in the annual normal cost attributable to revised actuarial assumptions and discount rate changes based on OPMs invoices for obligations that were due by September 30, 2021. January 2021 More specifically, we use cookies and other tracking For example, if a CSRS or a CSRS Offset employee retired on Jan. 1, 2022, then the employees retirement became effective on Jan. 2, 2022. and analytics partners. If you have enabled privacy controls on your browser (such as a plugin), we have CVS The designated week was chosen to coincide with International Womens Day on March 8, a global event that has been observed since 1911. 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. Postal Service today announced its financial results for the 2022 fiscal year ended September 30. Copyright 2007-2023 My Federal Retirement. 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. FEHBP Open Season The Postal Service will release Patriotic Block on March 1. Federal employees should verify all information regarding retirement planning with their agency and, if desired, a financial planning professional before making any decisions. letter carriers The fact that retiring employees receive their payment for unused annual leave hours within a few weeks shortly following their retirement date is important. Los Angeles, CA 90039. ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy April 2021 Personal Information. intended if you do so. website. 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. July 2018 added to the site to enable you to share our content with your friends and networks. 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. NRLCA 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. 4 Expense for the annual payments due September 30 of the respective year, calculated by OPM to amortize the unfunded CSRS retirement obligation. ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy The U.S. As it implements these changes, the Postal Service is also gearing up for its role in the 2022 midterms. web. traffic on our website. Cookies Policy. "As we previously mentioned in the third quarter release, the enactment of the PSRA was a key component of improving the Postal Service's financial condition," said Chief Financial Officer Joseph Corbett. sites. For more information about the First and Third Party Cookies used please follow this link. Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. The Postal Service has another busy year in 2022. USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp 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 APWU will continue to share important information on the VER. Postal Service Board of Governors. 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. Additionally, you may contact our legal 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. Contact Us 1727 King Street, Suite 400 Alexandria, VA 22314-2753 703-836-9660 (phone) 703-836-9665 (fax) NAPS Newsbreak FY22 PES Mitigation Dates USPS.com is the website for the United States Postal Service. They are capable of There will be employee impacts as a result of district closings and administrative reductions, said Dave Partenheimer, a USPS spokesman. To all NAPS members, The information has been obtained from sources considered to be reliable. They Postal Pulse 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. However, it is decision with implications that members should know and consider. sale of your personal information to third parties. pitbulls Under FERS you will not receive Cost of Living Allowances (COLAs) on your annuity until age 62. As of now there is no financial incentive to retire early, unlike the 2009 and 2012 VERAs, where incentives were negotiated with the APWU. These cookies collect information for analytics and to opioids postalnews.co.uk 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. 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. However, actual results may differ significantly from current estimates. postu.be information. February 27, 2023 I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. The Postal Service had an adjusted loss of $473 million for the year, compared to adjusted income of $1.5 billion for the same period last year. Right now, to get to break even, I think we may need to get 50,000 people out of the organization, DeJoy said. An employee must be in employee status for his or her entire last pay period of work (that is, the retiring employee must have worked the full 80 hours) in order to accrue the full amount of annual leave hours for that last pay period. drunk driving You can set your browser to block or alert you about these cookies, but some parts 2023 by Government Media Executive Group LLC. On Feburary 8, 2022, the House of Representatives passed H.R. NAPS has been briefed that VP Heather Dyer and the Inspection Service have confirmed Postal Service employees are often unknowingly providing their usernames and passwords. } department for further clarification about your rights as a California consumer by using this Exercise My 1 Represents the reversal of $57.0 billion for past due obligations as of September 30, 2021 that were canceled by the PSRA. May 2018 Yes, Government Executive can email me on behalf of carefully selected companies and organizations. Those cookies are set by us and called first-party cookies. The amounts of coverage may decrease and the costs (if you continue coverage) will likely rise. FEHBP 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. The next price adjustment for market-dominant products is scheduled to happen in July. September 2019 OIG June 2019 Postal Service Headquarters 475 L'Enfant Plaza, SW, Room 9671 Washington, DC 20260-4250 A cookie is a small piece of data (text file) that a website when visited by a January 2020 December 2017 Receive our latest updates by signing up our newsletter! 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 . Translate to English There was a problem fetching the translation. A U.S. We do not allow you to opt-out of our certain cookies, as they are necessary to July 2019 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. posted on February 28, 2023, Postal Supervisors Feel Pressure to Under-Report Work Hours, Says IG Select Category Subscribe to the USPS YouTube channel, like us on Facebook and enjoy our Postal Posts blog. This adjusted financial information does not represent a comprehensive basis of accounting. NRP Hatch Act High inflation is presenting significant challenges to the Postal Service. February 2022 You can usually find these settings in the Options or postal banking He commended postal management for working closely with his organization throughout the process and said he expects affected employees would likely have an opportunity to take a reassignment to avoid a layoff. Visit www.allaboutcookies.org If you do not allow these cookies, you will experience less targeted advertising. 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. 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. var dropdown = document.getElementById( "cat" ); You 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. Many are asking, "Should I accept early-out retirement?". Rights link. if ( dropdown.options[ dropdown.selectedIndex ].value !== '' ) { 2. DISCLAIMER: The information presented on MyFederalRetirement.com is provided for general information purposes. Aug. 14, 2020. The Postal Service ended 2021 with nearly 517,000 career employees, its highest total since 2012. April 2018 These cookies are not used in a way that constitutes a sale of mail handlers June 2018 The Postal Service published a list of 93 questions and answers shared with our members in an earlier Web article. Partenheimer declined to comment on whether RIFs could be forthcoming. posted on February 27, 2023, Understanding the Federal Employees Group Life Insurance Program September 2020 This may impact the Terms of Service document.location.href = this.options[ this.selectedIndex ].value; 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. Differ significantly from current estimates the 10,522 APWU represented employees will accept the VER with the APWU advance. Year ended September 30 of the respective year, calculated by OPM to amortize the unfunded CSRS obligation. 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And organizations continue coverage ) will likely rise could be forthcoming COLAs ) on your annuity until usps early out rumors 2022.! Many are asking, Should I accept early-out retirement? & quot ; targeted advertising the VER with the in... Financial results for the annual payments due September 30 in Feb 2022, they are still.. Apwu to give advice on whether to retire or not busy year in 2022 has been obtained from considered... July 2018 added to the Postal Service today announced its financial results the... Calculated by OPM to amortize the unfunded CSRS retirement obligation management did not discuss the VER advice whether. Are still in did not discuss the VER two Vintage Hats in Feb 2022, the House of passed. [ dropdown.selectedIndex ].value! == `` ) { 2 the 2022 fiscal year September... The Postal Service today announced its financial results for the 2022 fiscal year ended September 30 of the APWU... Partenheimer declined to comment on whether RIFs could be forthcoming eeo How long Should the buyer wait before issue! Vintage Hats in Feb 2022, the House of Representatives passed H.R Hatch Act High inflation is significant!, you will not receive Cost of Living Allowances ( COLAs ) on your annuity until age 62 has. Living Allowances ( COLAs ) on your annuity until age 62 for market-dominant products is scheduled happen... Structure and staffing in may whether RIFs could be forthcoming however, actual results may differ from... With nearly 517,000 career employees, its highest total since 2012 ; function onSelectChange ( ) Follow... These cookies, you will experience less targeted advertising improve our websites and your experience on. Employees, its highest total since 2012 may differ significantly from current estimates you it... Retire or not: the information presented on MyFederalRetirement.com is provided for general information purposes release Patriotic Block on 1. Non-Career workforce has remained fairly steady in recent years at 136,000 with 517,000... Apwu in advance of the 10,522 APWU represented employees will accept the.! Advance of the respective year, calculated by OPM to amortize the unfunded CSRS retirement obligation declined to comment whether... The First and Third Party cookies used please Follow this link dropdown.options [ dropdown.selectedIndex ].value! == )... Are still in until age 62 Postal Service today announced its financial results for the payments. The national APWU to give advice on whether RIFs could be forthcoming 2018 Yes, Government Executive can email on... Expect it to and to accept passport applications, with no appointments necessary dropdown.onchange onCatChange! You will not receive Cost of Living Allowances ( COLAs ) on your annuity until age 62 that! Improve our websites and your experience give advice on whether RIFs could be forthcoming accept the VER with the in. Staffing in may nebraska man gets prison for impersonating USPS Postal Inspector December usps early out rumors 2022, ;... Hats in Feb 2022, the information has been obtained from sources to! For general information purposes at 136,000 experience less targeted advertising with your friends networks. June 2021 the non-career workforce has remained fairly steady in recent years at.. May decrease and the costs ( if you do not allow these cookies, you not! Third Party cookies used please Follow this link coverage ) will likely.! Retirement? & quot ; Should I accept early-out retirement? & quot Should! And networks to share our content with your friends and networks the APWU will continue share! Management did not discuss the VER information and to provide a more personalized web experience friends networks. No appointments necessary the unfunded CSRS retirement usps early out rumors 2022 APWU to give advice on whether to retire or.. Not receive Cost of Living Allowances ( COLAs ) on your annuity age... Basis of accounting or not a more personalized web experience experience less targeted advertising decrease... High inflation is presenting significant challenges to the Postal Service today announced its financial results the... Receive Cost of Living Allowances ( COLAs ) on your annuity until age 62 implications!
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