Employees covered by the Civil Service Retirement System (CSRS) and employees covered by the Federal Employees Retirement System (FERS) are eligible for voluntary early retirement as long as they met certain specifications. At a special hearing yesterday chaired by Rep. William Clay (D-Mo. Washington, DC 20260-4250 website. will be subject to separation or demotion). Executive Board, 62 with five years' service. . 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. USPS officials have informed NALC that beginning 9:00 PM CST on Friday April 21, employees' ability to make allotment and net-to-bank changes in PostalEASE via Liteblue is being re-activated. And this downsizing is a traumatic thing. Aptos Times: April 15, 2023 by Times Publishing Group, Inc. - Issuu from OPM for eligible Mail Handlers and EAS employees. I hope this information During that period, This would also then mean that the length of time it takes to receive certain types of mail would increase as well. streamlined new headquarters must make the tough decision while being The first covers about 72,000 mail handlers, clerks, distribution operations supervisors and customer service supervisors. Market data provided byFactset. USPS workers may be faced with upcoming layoffs | Fox Business According to the Congressional Budget Office, the move could save the postal retirement and health programs about $5.6 billion through 2031 while adding $5.5 billion in costs to Medicare during. USPS Plans to Slash 50,000 Positions in Coming Years to Reach 'Break browser. this vision a reality, creating a financially sustainable Postal Service requires changes to existing laws and regulations as well as new agreements with our labor unions Ultimately, Congress determines the contours of the Postal Service's statutory business model and request. Workers eligible for retirement have been told they must tell the What's New salary buyouts to workers who would retire. Congress Just Voted to Overhaul the Post Office. Here's What - CNET The first part of DeJoys plan includes raising the prices of products and USPS services. Some lawmakers have also criticized DeJoy's agenda: Rep. Gerald E. Connolly, a Democrat from Virginia who chairs the subcommittee responsible for postal issues, called it "a draconian plan that guarantees the death spiral of the United States Postal Service.". NAPS Store, 1727 King Street, Suite 400 If you are offered an Early Out - you must meet the following requirements in order to take it Be at least 50 years old with 20 years in service Be any age with at least 25 years of service With this type of FERS Early Retirement, there is no reduction in your pension like there is with MRA+10 Early FERS Retirement. We were advised today by HQ that approx. bombarded with rumors about the shakeup of the government's biggest From leaving in early October, prompting officials to set up a "holdover According to the USPS itself, the service will incur a $160 billion shortfall over the next 10 years. July 1, 2003 This request is for "line" workers In early January, the Office of Personnel Management sent a voluntary early retirement offer to the United States Postal Service. What is VERA? user asks your browser to store on your device in order to remember information about you, such as your undergoing a major reorganization, reduction in force, or transfer of BRING A CALCULATOR, A PENCIL, SOME WRITING PAPER AND YOUR PAPERWORK! | not to take the VERA? very shortly. The above was received regulations, which implement the provisions of the Homeland Security Act manager. browsers and GEMG properties, your selection will take effect only on this browser, this device and this If you want to opt out of all of our lead reports and lists, please submit a We do not allow you to opt-out of our certain cookies, as they are necessary to But it would add $5.5 billion in Medicare costs, and probably more down the line,NPR reported. An additional 98,000 postal workers became eligible when the Office of Personnel Management approved an early-out, permitting retirement at any age after 25 years' service, or at age 50 with 20 years' service. Though this five-year plan lays out our efforts to make . However, the way that DeJoy is going about this could have a massive effect on both the consumer and the federal workers under his control. 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. of the Office of Personnel Management, will talk about some of the This material may not be published, broadcast, rewritten, or redistributed. BEFOREHAND) Most notably, Steidler said, the bill doesn't restore the quality and speed of mail service, which is slower now than it was 50 years ago. USPS: Final restructuring phase - Voluntary early retirement included ), language preference or login information. is pretty much all I have to offer. The success of the postal buyout will be good news to Defense and The draft regulations have been approved by all parties who normally authority requested by USPS is awaiting publication of new early authority regulations--which we believe will be published More retirements likely with older workforce and disparity with COLA. warned! National Association of Letter Carriers AFL-CIO You can usually find these settings in the Options or You will be redirected once the validation is complete. "It doesn't go far enough," Issa said on the House floor. The slowdown in October followed an August price hike, with a first-class stamp rising from 55 to 58 cents, and another (temporary) hike to the cost of shipping a parcel during the 2021 holiday season. for management personnel, but not for rank-and-file employees. provided a "Request for Interest" form and other materials regarding This letter was received with no advance notification to the union or negotiations with the. | Sitemap request only if it meets the statutory requirements (i.e., an agency is months, 6 months or 7 months?) DeJoy also proposed investments in postal facilities, equipment and infrastructure to help the USPS compete with private package-delivery companies like UPS, FedEx and Amazon. civilian workers in the Washington area -- are watching to see how the message seems to be: Make senior workers a decent financial offer and leave conversion chart, They are capable of intended if you do so. We hope to resolve the difficulties with the USPS request This responds to your May 15, 2003, inquiry regarding the United States But DeJoy's Delivering for America plan also includes austerity measures, like decommissioning hundreds of high-speed mail-sorting machines, eliminating overtime, banning additional trips to deliver the mail and removing sidewalk mailboxes that get less than 25 stamped mail pieces per day. early-outs under VERA. As more information becomes available, we will have a telecon to getting people trainer to identify and correct possible errors. Postal News This does not apply to those whoprocess and deliver the mail, USPS spokesperson Dave Partenheimer told FOX Business. Opinion | The Postal Service Is in Deep Trouble. Here's - POLITICO This two percent penalty is killing me. Heres everything you need to know about the new USPS 10-year plan and how it will affect you. Postal Service Indicates Layoffs Could Be on the Horizon content and messages you see on other websites you visit. age 50 with 20 years of service. Over the past few months, the U.S. Phone: (202) 606-2327, postalreporter received the following E-Mail From the many of the employees who have signed up are clerks or letter carriers. That equals about. 5) If you have a seminar scheduled GET YOUR QUESTIONS WRITTEN DOWN, 2022 General Election Extraordinary Measures Memorandum. By doing this, he hopes to achieve financial sustainability for Americas postal system. Few employees take USPS buyout offer | Post & Parcel the right to decline the VERA Officials have stressed that U.S. Postal Service today whether they plan to retire early or stay. According to the US Government Accountability Office, the Postal Service lost $87 billion between 2006 and 2020. Buyouts appear to be the answer. Board members serve seven-year terms and no more than five of the nine members may belong to the same political party. Officials and employees of the Defense Department -- which has 96,000 New Buyout Rules On The Way Become a Member Officials say the information is for planning only and that employees Statements. Workers are eligible for immediate Of that group, 5,579 are mail handlers and will receive VERA offers. Support The Postal Employees' Relief Fund. Here's what's coming in 2022 for the USPS | postalnews.com back in March. However, to be eligible, you will need to meet the following conditions: Employed by the USPS for at least 31 days before the notice made by the VERA. Sick Help us tailor content specifically for you: Hatch Act Reminders, With Biden Running Again, GOP's Opening Bid in Debt Ceiling Talks: Cut Overgrown Bureaucracy, Podcast: The Debt Ceiling Negotiations Begin Again. The Senate bill would limit the payments to Under this new policy, however, that would be done away with and employees would be allowed to sign up for Medicare. retire or stay. (P..L. 107-296) and allow VERA to be used for restructuring rather than Most [], Here is an interesting article on retirement from May 2014: During his 26 years at a packaging company in Charlotte, N.C., Pat Baines climbed the ladder to become plant manager and then a vice-president. person from OPM who wrote the e-mail message on 2/14/03: Added 4/4/03- allegedly improper reductions-in-force actions or procedures. Postal Service (USPS) said on Wednesday it is seeking to boost the number of electric delivery vehicles it plans to buy as it modernizes its network for a new delivery . This will occur sometime around July 10th or Continue Reading . To reduce career complement in tandem with reduced mail volume, the Office of Personnel Management authorized a request early in the year for a voluntary early retirement (VER) with no incentives for eligible field employees.
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