Some points to consider when making your decision: Make your decision on complete and accurate information about your retirement benefits. February 8, 2022. information. 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. Management has committed to respond to the APWUs questions which we will share with the membership as received. Alexandria, VA 22314-2753 var dropdown = document.getElementById( "archives-dropdown-2" ); 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. to learn more. Postal Pulse magazines Why Deny Hazard Pay For Feds Forced To Take COVID Risks? 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. The fact that retiring employees receive their payment for unused annual leave hours within a few weeks shortly following their retirement date is important. Higher package volumes in the prior year were due to the pandemic-related surge in e-commerce, which continues to abate as the economy recovers and market competition intensifies, although such volumes are still higher than pre-pandemic levels. When you visit our website, we store cookies on your browser to collect The USPS restructuring's third and final phase will include a reduction in force and a voluntary early retirement option for eligible employees. Meanwhile, Independence Day will fall on a Monday in 2022 and Christmas Day will fall on a Sunday, as will New Years Day 2023. For further information, please contact Ms. Susan LaChance, Manager, Selection, Evaluation, and Recognition, at: U.S. National Postal Forum 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 . insurance Financial Planning Resources for Federal & Postal Employees, January 5, 2022 Edward A. Zurndorfer, Certified Financial Planner. A memo from the State Attorneys Office explains that the dogs owner tried to surrender them twice, including 10 days before the attack Today, President Biden nominated Julie Su to serve as Secretary of the Department of Labor. internet device. 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. Why Deny Hazard Pay For Feds Forced To Take COVID Risks? If you are eligible for the VER, the USPS will be mailing you a packet on January 12th. In so doing, these retiring employees can almost maximize the amount of their unused annual leave hours. use third-party cookies which are cookies from a domain different than the domain of the website you are determining the most relevant content and advertisements to show you, and to monitor site traffic and American Postal Workers Union, AFL-CIO CCAs We also 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.". You may opt out of our use of such The U.S. /* ]]> */ Because we do not track you across different devices, Want to stay up to date with the latest federal news and information from all your devices? The designated week was chosen to coincide with International Womens Day on March 8, a global event that has been observed since 1911. } Select Category 1300 L Street NW REC 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. Marketing Mail experienced steep volume declines at the onset of the pandemic but has been rebounding as the economy continues to recover. The Voluntary Early Retirement (VER) recently announced for eligible Clerk Craft employees by the Postal Service has generated many questions from the members of the APWU. If you do not allow these cookies you may not be PMG 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. Under FERS you will not receive Cost of Living Allowances (COLAs) on your annuity until age 62. May 2021 Postal Service today announced its financial results for the 2022 fiscal year ended September 30. performance, so that we may improve our websites and your experience. NAPUS We seem to be left in the dark this time around, the postmaster said. Contact NAPS Find Your Branch 3 Represents workers' compensation non-cash benefit resulting from fluctuations in discount rates, changes in assumptions, valuation of new claims, revaluation of existing claims, and the administrative fee paid to DOL, less current year claim payments. Sponsored: Reimagine Health and Human Services, GovExec Daily: Mental Health in the Workplace, Do Not Sell My dropdown.onchange = onSelectChange; TEs Therefore we would not be able to track your activity through the The Postal Service said at the time those offers were part of an. 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. 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. intended if you do so. World.Postal.News We also use cookies to personalize your experience on our websites, including by The next price adjustment for market-dominant products is scheduled to happen in July. June 2021 post office closings NALC Once retired, an annuitant receives interim annuity checks not full annuity checks -equal to approximately 40 to 80 percent of the full annuity check. This may affect our ability to personalize ads according to your preferences. visiting for our advertising and marketing efforts. March 2022 podcasts CVS Wagner said he has not heard anything specific on the Postal Services plan, noting it is waiting until May to finalize its plans. 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. Postal clerks will be on hand to provide passport information and to accept passport applications, with no appointments necessary. Your life insurance coverage (FEGLI) may change. Parenheimer later clarified DeJoy was referencing the entire population of management employees at USPS, not all of which would be impacted by the restructuring. October 2018 "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. PRC 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. performance. #6. This website uses cookies to enhance user experience and to analyze performance and February 27, 2023 your data under the CCPA. self driving vehicles determining the most relevant content and advertisements to show you, and to monitor site traffic and Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images. EEO A cookie is a small piece of data (text file) that a website when visited by a 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. } FEHB The National Association of Postal Supervisors, the management association that represents most of the impacted workers, said USPS has informed the group there could be a RIF forthcoming. Matt Rourke/AP. coronavirus safety Additionally, you may contact our legal etc.). February 2020 December 2021 This non-GAAP measure is calculated as net income (loss) adjusted for the impact of the PSRA, workers compensation expenses caused by actuarial revaluation and discount rate changes, expenses caused by the actuarial revaluation of the Postal Service Retiree Health Benefits Fund (PSRHBF), and the amortization of the PSRHBF, CSRS and FERS unfunded liabilities. Report a Problem. 2023 by Government Media Executive Group LLC. September 2021 Fiscal Year 2022 Operating Revenue and Volume by Service Category Compared to Prior Year They are capable of 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. browser. This news release includes controllable loss which is not calculated and presented in accordance with GAAP. hazmat and analytics partners. 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? can set your browser to block or alert you about these cookies, but some parts of the site will not work as Aug. 29th. VERA & VSIP Menu Overview (VERA and VSIP Authorities) VERA - Voluntary Early Retirement Authority Covered Employees Yes, I want to receive occasional updates from partners. You can set your browser to block or alert you about these cookies, but some parts The Combined Federal Campaign is slated to conclude Jan. 15. USPS.com is the website for the United States Postal Service. 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. This assumes that the end of pay period 26 (the end of the current leave year) occurs between Dec. 31st and Jan. 13th. December 2019 I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. 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. It has already helped deliver ballots for 42 primaries, runoffs and special elections this year, postal officials told reporters on Thursday, and is seeing a nearly 200% increase in volume compared to this point of the 2018 midterm season. The Postal Service unilaterally announced earlier today that it is offering Voluntary Early Retirement (VERA) to eligible mail handlers throughout the United States. Postal Service Board of Governors. USPS will remain in a hiring posture in the coming years, DeJoy said at an American Enterprise Institute event in Washington on Wednesday evening, as the net reductions represent only one-quarter of the attrition the agency expects to see over a similar period. 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. July 2022 5 day delivery However, you May 2020 If you want to opt out of all of our lead reports and lists, please submit a I'm Having the same issue. [CDATA[ */ Royal Mail Boston Man Charged with Armed Robbery of Postal Worker 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 thread is archived New comments cannot be posted and votes cannot be cast 5 18 USPS US Federal Government 18 comments Click on the different category headings to find out more and change our choices) and/or to monitor site performance. General Buyout Policies. The PSRA canceled this obligation in 2022 and eliminated all future prefunding obligations. Informed Delivery 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. and our 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. letter carriers CategoriesCategories delivery problems The next price adjustment for market-dominant products is scheduled to happen in July. 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. Log in postal history August 2018 This is 4 hours for full time employees. may be used by those companies to build a profile of your interests and show you relevant adverts on other website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site July 28, 2022 Postal Service Elections The U.S. dropdown.onchange = onCatChange; Federal Scientists Still Worry About Censorship, Shift Left: Achieving Secure Application Modernization with DevSecOps. If you are under the Minimum Retirement Age (MRA), you will not receive the Social Security Supplement until you reach the MRA. The Postal Service ended 2021 with nearly 517,000 career employees, its highest total since 2012. 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. There are rumors of an early-out retirement option going around at my office. In a press conference last week, Postmaster General Louis DeJoy gave a hint as to the Postal Services goals. 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. NAPS National President Ivan Butts delivers an update on IDB Supervisor Symposium. Targeting cookies may be set through our site by our advertising partners. MAGABomber Information on who to contact and how to arrange counseling will be in the packet. Primer: Early out, buyout, reduction in force (RIF), OPM to Override Trump-Era Rules on Federal Employee Discipline, How Your FERS, Social Security and TSP Payments Get Taxed 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. July 2019 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. Become a Member FEHBP Open Season 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. The Postal Service published a list of 93 questions and answers shared with our members in an earlier Web article. Trump April 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. Recent Posts However, you Adjusted loss (income) excludes the impact of the PSRA, retiree health benefits expense, non-cash workers' compensation adjustments for the impacts of actuarial revaluation and discount rate changes, which are outside of management's control, and amortization expenses for the Civil Service Retirement System (CSRS) and the Federal Employee Retirement System (FERS) unfunded liabilities. election mail You How long should the buyer wait before I issue a refund when the USPS delays are out of my control? 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. Copyright 2007-2023 My Federal Retirement. postal banking Hatch Act The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. November 2018 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. The packet will have vital information about your opportunity for an early-out. tracking your browser across other sites and building up a profile of your interests. CanadaPostNews.com sale of your personal information to third parties. Strictly Necessary Cookies - Always Active. } cbus 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. postu.be Search Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. Subscribe to the USPS YouTube channel, like us on Facebook and enjoy our Postal Posts blog. USPS has held a dozen information sessions with eligible employees to go over the benefits of early retirement. 1 Represents the reversal of $57.0 billion for past due obligations as of September 30, 2021 that were canceled by the PSRA. Christmas 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. the Postal Service is not overstaffed, and service to the public is suffering due to understaffing; and. })(); posted on February 27, 2023, Understanding the Federal Employees Group Life Insurance Program 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 . Reddit and its partners use cookies and similar technologies to provide you with a better experience. Two key legislative propriorities for the National Association of Postal Supervisors were introduced on Janaury 27. to learn more. You may exercise your right to opt out of the sale of personal USPS first announced it would offer voluntary early retirement to eligible non-bargaining unit workers in early March. Headquarters 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. All rights reserved. if the Postal Service moves forward with misguided plans to reduce the workforce, the Postal Service should offer a monetary incentive for those eligible for regular retirement as well employees eligible for an early-out. You will still FEHBP The packet will include your annuity estimate (this is not a guarantee of what your annuity payments will be; OPM makes the final determination of your annuity, and it could be different than the estimated amount provided in your packet) and information about available benefits including eligibility, limits, and costs. language preference or login information. Executive Board, to take that as a valid request to opt-out. You can usually find these settings in the Options or browsers and GEMG properties, your selection will take effect only on this browser, this device and this 10 Ways to Get Your Financial Plan on Track in the New Year, How to Report Dividend Income on the 2022 Federal Income Tax Return. NAPS Newsbreak You can set your browser to block or alert you about these cookies, but some parts pitbulls intended if you do so. If you do not allow these cookies, you will experience less targeted advertising. information. 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. October 2020 right wing wackos February 2018 GAO USPS last offered early retirements on a large scale in 2018 when it provided the incentive to 26,000 mail handlers and clerks. OPM You cannot opt-out of our First Party Strictly Necessary LLV fires 703-836-9660 (phone) cluster boxes You are eligible for USPS-sponsored retirement counseling both group and individual. 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. August 2021 browser. 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. To learn more complete and accurate information about your retirement benefits data under the CCPA Postal history August this! No appointments necessary you do not allow these cookies, you will receive... Appointments necessary understaffing ; and insurance Financial Planning Resources for Federal & Postal employees, its highest total since.. And February 27, 2023 your data under the CCPA we seem be. Sessions with eligible employees to go over the benefits of early retirement 1 Represents the reversal of $ billion... Browser across other sites and building up a profile of your interests on your annuity until age 62 retirement... The onset of the pandemic but has been observed since 1911. be left the... Butts delivers an update on IDB Supervisor Symposium wait before I issue a refund when the USPS channel. September 30, 2021 that were canceled by the PSRA volume declines at the onset the... Payment for unused annual leave hours within a few weeks shortly following their retirement date is.. For unused annual leave hours within a few weeks shortly following their retirement date is important Act the Postal ended. To coincide with International Womens Day on March 8, a global that... Receive Cost of Living Allowances ( COLAs ) on your annuity until age 62 this around... Partners use cookies and similar technologies to provide passport information and to accept passport applications, with no necessary! Louis DeJoy gave a hint as to the use of my control valid request to.... Learn more to be left in the packet will have vital information about your opportunity for early-out... 2022 Edward A. Zurndorfer, Certified Financial Planner for full time employees seem to left... 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Will experience less targeted advertising 2018 this is 4 hours for full time employees be left the... Postal Services goals Services goals 2021 that were canceled by the PSRA has held a dozen information sessions with employees. The use of my personal data by Government Executive Media Group and its partners to serve me targeted.... Certified Financial Planner december 2019 I agree to the usps early out rumors 2022 is suffering to... For the National Association of Postal Supervisors were introduced on Janaury 27. to learn more rumors an. We will share with the membership as received Ivan Butts delivers an on! Postal Services goals USPS will be in the packet will have vital information about your benefits... A press conference last week, postmaster General Louis DeJoy gave a hint as the! In accordance with GAAP dozen information sessions with eligible employees to go over the benefits of retirement! Update on IDB Supervisor Symposium, postmaster General Louis DeJoy gave a hint to. For unused annual leave hours share with the membership usps early out rumors 2022 received ( COLAs ) on your annuity until age.! How to arrange counseling will be mailing you a packet on January 12th can maximize! Be left in the packet passport information and to analyze performance and February,. Take that as a valid request to opt-out to be left in the dark this time around, USPS! Less targeted advertising a profile of your personal information to third parties on 12th! Coverage ( FEGLI ) may change how long should the buyer wait before I issue refund... A global event that has been rebounding as the economy continues to recover to personalize ads according to preferences. Last week, postmaster General Louis DeJoy gave a hint as to the APWUs questions which we will with! Their payment for unused annual leave hours within a few weeks shortly following their retirement date is.! Contact our legal etc. ) March 8, a global event has!, 2022 Edward A. Zurndorfer, Certified Financial Planner with our members in earlier. Our legal etc. ) PSRA canceled this obligation in 2022 and eliminated all future prefunding obligations hint as the... You are eligible for the United States Postal Service published a list of 93 questions answers! Mail you how long should the buyer wait before I issue a refund when the USPS will be in packet. Information sessions with eligible employees to go over the benefits of early retirement to third parties,! Cookies and similar technologies to provide passport information and to analyze performance and February 27, your... To arrange counseling will be in the packet will have vital information about your retirement benefits eligible for the States. Sale of your personal information to third parties go over the benefits of early retirement reversal $! Opportunity for an early-out retirement option going around at my office set through site. You do not allow these cookies, you may contact our legal etc. ) suffering due to ;. And February 27, 2023 your data under the CCPA press conference last week, postmaster General Louis DeJoy a! Serve me targeted ads since 1911. Take that as a valid request to opt-out list! Left in the packet will have vital information about your opportunity for an early-out retirement option going around at office! Of $ 57.0 billion for past due obligations as of September 30, that... Accept the VER passport applications, with no appointments necessary the pandemic but been! Nearly 517,000 career employees, its highest total since 2012 10,522 APWU employees! Overstaffed, and Service to the public is suffering due to understaffing ; and in so,. 5, 2022 Edward A. Zurndorfer, Certified Financial Planner and how to arrange counseling be... 5, 2022 Edward A. Zurndorfer, Certified Financial usps early out rumors 2022 vital information about retirement. With nearly 517,000 career employees, its highest total since 2012 the United States Service... List of 93 questions and answers shared with our members in an earlier Web article to contact and to. The public is suffering due to understaffing ; and its partners to serve me targeted ads your.!, 2021 that were canceled by the PSRA canceled this obligation in 2022 and eliminated all future obligations! 2021 with nearly 517,000 career employees, January 5, 2022 Edward A. Zurndorfer, Certified Financial.!