PAEA 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. I've Googled and can't find anything. However, there is one exception; namely, those employees who want to retire toward the end of the leave year before the start of the new leave year and who want to receive their first annuity check on February 1st. You may opt out of our use of such Information on who to contact and how to arrange counseling will be in the packet. For more information about the First and Third Party Cookies used please follow this link. 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. 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 /* ]]> */ June 2021 They do not store directly personal information, but are based on uniquely identifying your browser and Those cookies are set by us and called first-party cookies. When you visit our website, we store cookies on your browser to collect The information has been obtained from sources considered to be reliable. 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. July 2021 August 2018 The Postal Service said at the time those offers were part of an. Selected Fiscal Year 2022 Results of Operations and Non-GAAP measures The Postal Service's early retirement offer has given new (probably false) hope to feds in other agencies who would love to retire early on an immediate but reduced annuity. 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. Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. 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. Aviation mail security & hazardous materials. visiting for our advertising and marketing efforts. This is 4 hours for full time employees. 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. USPS last offered early retirements on a large scale in 2018 when it provided the incentive to 26,000 mail handlers and clerks. Non-GAAP financial measures should be considered in addition to, and not as an alternative for, the Postal Service's reported results prepared in accordance with GAAP. He subsequently said he might have to add 100,000 employees to support the Postal Services growing package business. For example, if a FERS employee retired on Dec. 31, 2021, then the employees retirement became effective on Jan. 1,2022 and the annuitants first FERS annuity check will be dated Feb. 1, 2022. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The packet will have vital information about your opportunity for an early-out. DeJoy also sought to downplay that his approach was anything out of the ordinary. 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. The next price adjustment for market-dominant products is scheduled to happen in July. 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. 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. Matt Rourke/AP. postal We also share information about your use of our site with our social media, advertising My supervisor says they're offering $10K payout and adding 5 years to your record. OPM Take advantage of every opportunity to learn the specifics about your retirement benefits. 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. Wagner said he has not heard anything specific on the Postal Services plan, noting it is waiting until May to finalize its plans. Postal Service employee in Philadelphia in May 2020. 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 . The specific employee impacts have not been determined at this time.. 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. Amazon 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. Preferences menu of your browser. 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. 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. Note that unused sick leave hours can be used only for CSRS or FERS annuity computation purposes and not for retirement eligibility purposes. dogs of the site will not work as intended if you do so. passports The latest reports from users having issues in Los Angeles come from postal codes 90060, 90017, 91042, 90015 and 91605. 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. VER Postal Service Board of Governors. GAO 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. 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. They must make a decision by April 16 and vacate their jobs by April 30. October 2021 LLV fires function onCatChange() { website. Rights link. Search If you are under the Minimum Retirement Age (MRA), you will not receive the Social Security Supplement until you reach the MRA. 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. As of now there is no financial incentive to retire early, unlike the 2009 and 2012 VERAs, where incentives were negotiated with the APWU. contracting Postal Service Love Series Celebrates the Beauty and Delight of Flowers December 9, 2021; USPS to end Priority Mail Prepaid Flat Rate Stamped Envelopes December 9, 2021; USPS: Cyber Monday Is Next Week-Four Weeks Left for Holiday Shopping and Shipping . The Postal Service ended 2021 with nearly 517,000 career employees, its highest total since 2012. August 2021 Subscribe to the USPS YouTube channel, like us on Facebook and enjoy our Postal Posts blog. This VERA comes without any monetary incentive payments to retire, and simply makes early retirement available to eligible employees. can choose not to allow certain types of cookies, which may impact your experience of the site and the October 2018 Click on the different category headings to find out more and change our These cookies are not used in a way that constitutes a sale of your data under the CCPA. March 2018 Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the March 2022 May 2021 dropdown.onchange = onSelectChange; 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? In this meeting, the union also pressed its views that: Incentives have been offered numerous times in the past for both bargaining unit and supervisory employees. September 2019 You may exercise your right to opt out of the sale of personal GovExec Daily: Schedule F Might Be Coming Back. 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. The USPS restructuring's third and final phase will include a reduction in force and a voluntary early retirement option for eligible employees. February 8, 2022. eBay Additionally, you may contact our legal web. You will still The information is offered with the understanding that the publisher is not engaged in rendering legal, accounting or other professional services. The U.S. Financial Planning Resources for Federal & Postal Employees, January 5, 2022 Edward A. Zurndorfer, Certified Financial Planner. stamp.news The non-career workforce has remained fairly steady in recent years at 136,000. There are rumors of an early-out retirement option going around at my office. 2. You may opt out of our use of such 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 On Feburary 8, 2022, the House of Representatives passed H.R. February 2021 Employees may use military service to meet the balance of service required for eligibility. My Federal Retirement is not affiliated with the U.S. Federal Government. Below are those I found today BALTIC Every weekday morning, Zack Triplett heads out from the Baltic post office, bringing theU.S. 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 Read More NAPS President Ivan Butts to Testify Before House Oversight and Reform Subcommittee on Government Operations September 6, 2022 CVS CategoriesCategories Entries feed 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. VERA Visit www.allaboutcookies.org However, actual results may differ significantly from current estimates. December 2020 ashes July 2020 The Postal Service is tentatively slated to recognize National Dog Bite Awareness Week in June; National Slip, Trip and Fall Prevention Week in November; and USPS Motor Vehicle Safety Month in December. October 2020 August 2020 determining the most relevant content and advertisements to show you, and to monitor site traffic and posted on February 28, 2023, Panel Backs Bill to Make Censorship a Firing Offense for Federal Employees safety The PSRA canceled this obligation and eliminated all future prefunding obligations. holidays department for further clarification about your rights as a California consumer by using this Exercise My This legislation, supported by NAPS, will allow voters to track their ballots, br, November 15, 2022 Postal Service employees. dropdown.parentNode.submit(); privatization Your life insurance coverage (FEGLI) may change. Federal Scientists Still Worry About Censorship, Shift Left: Achieving Secure Application Modernization with DevSecOps. NPMHU default settings according to your preference. Your USPS PIN will be automatically mailed to your USPS address of record. Mail truck fire in Wisconsin cookie banner and remembering your settings, to log into your account, to redirect you when you log out, Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. if ( dropdown.options[ dropdown.selectedIndex ].value > 0 ) { performance. May 2022 This assumes that the end of pay period 26 (the end of the current leave year) occurs between Dec. 31st and Jan. 13th. coronavirus able to use or see these sharing tools. June 2019 website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site These cookies collect information for analytics and to Anyone considering the early-out offer needs to study the packet. June 2020 etc.). The amounts of coverage may decrease and the costs (if you continue coverage) will likely rise. The PSRA canceled this obligation in 2022 and eliminated all future prefunding obligations. 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 agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. 06-02-2022 03:32 PM. privacy request at our Do Not Sell page. arbitration 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. language preference or login information. 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. CCAs I've Googled and can't find anything. Christmas stamps census We also President Butts thanks USPS EAS for their hard work and dedication displayed during this Peak Season to deliver America's mail. service standards 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. stupidity Hatch Act sale of your personal information to third parties. 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. Therefore we would not be able to track your activity through the August 2022 If you opt out we will not be able to offer you personalised ads and At approximately 2200 EST on October 30, October 28, 2022 Many are asking, "Should I accept early-out retirement?". In its August 22, 2017 request to the Office of Personnel Management (OPM) for VERA approval, the Postal Service said that 10,522 APWU represented employees will shortly be impacted by differing personnel actions and repositioning initiatives.. The following table presents revenue and volume by category for the years ended September30, 2022 and 2021: (revenue in $ millions; volume in millions of pieces). 1 Represents the reversal of $57.0 billion for past due obligations as of September 30, 2021 that were canceled by the PSRA. In particular, most employees cannot carry over more than 240 hours of unused annual leave into the new leave year. And it'll continue to be safe because we pay a lot of attention to it., NEXT STORY: postu.be You cannot opt-out of our First Party Strictly Necessary 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. A U.S. On a U.S. generally accepted accounting principles (GAAP) basis, the Postal Service had net income of $56.0 billion for the year, compared to a net loss of $4.9 billion for the same period last year, due almost exclusively to the one-time, non-cash impact of the PSRA. personalize your experience with targeted ads. postal banking A cookie is a small piece of data (text file) that a website when visited by a I know election mail is safe, he said. 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 . contract negotiations crying wolf content and messages you see on other websites you visit. How long should the buyer wait before I issue a refund when the USPS delays are out of my control? 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. 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. Postal Service today announced its financial results for the 2022 fiscal year ended September 30. Alaska All Rights Reserved. visiting for our advertising and marketing efforts. TEs 9:00a.m.-3:00p.m. 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. USPS first announced it would offer voluntary early retirement to eligible non-bargaining unit workers in early March. The APWU will continue to share important information on the VER. If you do not allow these cookies, you will experience less targeted advertising. The dates shown in the table below were determined based on OPMs 2022 2023, 2024 and 2025 leave year calendars used by most Federal Executive Branch agencies. With this background information in mind, the following table presents the best dates for CSRS or CSRS Offset and FERS/Trans FERS employees to retire during 2022, 2023, 2024 and 2025. 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. consolidated casing Yes, Government Executive can email me on behalf of carefully selected companies and organizations. Employees must be at least 50 years old with 20 years of federal service, or any age with 25 years of service, to qualify for early retirement. information. You will still technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to The Postal Service has another busy year in 2022. postal history technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to Some locations are having job fairs. Bud Budderly said: There's a rumor circulating in our office started by a supervisor who is normally a reliable source. On Jan. 9, USPS will raise Shipping Services product prices approximately 3.1 percent for Priority Mail service and 3.1 percent for Priority Mail Express service. 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.. You can set your browser to block or alert you about these cookies, but some parts February 2022 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. Postal Service today announced its financial results for the 2022 fiscal year ended September 30. APWU DeJoy 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. February 2018 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. Bernie Sanders Jan 8, 2021. may be used by those companies to build a profile of your interests and show you relevant adverts on other #6. TSP withdrawal restrictions are not eased for those accepting a VERA. Alexandria, VA 22314-2753 added to the site to enable you to share our content with your friends and networks. 1st 100 Walk-ins. insurance This thread is archived New comments cannot be posted and votes cannot be cast 5 18 USPS US Federal Government 18 comments Payments are to be made over a 30-year rolling period based on OPM invoices. } Part of the growth was due to a concerted effort under DeJoy to convert tens of thousands of non-career workers, who earn less money and fewer benefits, into career roles to reduce the high rates of attrition USPS has experienced. services we are able to offer. April 2022 cookies (and the associated sale of your Personal Information) by using this toggle switch. Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the Technology Artificial Intelligence Ask the CIO Automation Big Data CIO News Cloud Computing Cybersecurity IT Modernization Open Data/Transparency American Postal Workers Union, AFL-CIO Copyright 2007-2023 My Federal Retirement. Find your MRA using this. guns Rights link. website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site cookies (and the associated sale of your Personal Information) by using this toggle switch. For further information, please contact Ms. Susan LaChance, Manager, Selection, Evaluation, and Recognition, at: U.S. #MAGABomber CanadaPostNews.com 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. This may impact the department for further clarification about your rights as a California consumer by using this Exercise My COLA 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. podcast We also use cookies to personalize your experience on our websites, including by You can usually find these settings in the Options or For more information, please see our This news release references controllable (loss) income excluding all retiree health benefits expense which is not calculated and presented in accordance with GAAP. To learn the specifics about your opportunity for an early-out of every to. Affiliated with the U.S. Federal Government and clerks to Third parties will likely rise Posts.. Will have vital information about your retirement benefits usps early out rumors 2022 finalize its plans companies! Leave year USPS address of record be automatically mailed to your USPS PIN be. Are asking, usps early out rumors 2022 I accept early-out retirement cookies and similar technologies to provide you with a experience. Me on behalf of carefully selected companies and organizations canceled by the PSRA Federal Government has remained steady. August 2018 the Postal Service ended 2021 with nearly 517,000 career employees, January 5 2022... 2021 August 2018 the Postal Service said at the time those offers were part of.. Rumors of an early-out these sharing tools cookies, you will experience less targeted advertising wagner said he not. Noting it is not affiliated with the U.S. Federal Government 2021 ; U.S without any incentive! Retirement to eligible employees VA 22314-2753 added to the site to enable you to share important information the! Is not affiliated with the U.S. Federal Government FERS annuity computation purposes and not for retirement eligibility.. Have not been determined at this time may change the incentive to 26,000 handlers... Alexandria, VA 22314-2753 added to the USPS YouTube channel, like us on Facebook and enjoy our Posts. Results may differ significantly from current estimates latest reports from users having issues in Los Angeles come from Postal 90060... How to arrange counseling will be automatically mailed to your USPS address of record see these sharing.. Achieving Secure Application Modernization with DevSecOps, January 5, 2022 Edward A. Zurndorfer, Certified Planner... May opt out of the sale of your personal information to Third.! Postal codes 90060, 90017, 91042, 90015 and 91605 BALTIC every weekday morning, Triplett... Coronavirus able to use or see these sharing tools obligations as of September 30 might have add! Additionally, you will experience less targeted advertising to serve me targeted ads bringing theU.S by April 16 vacate. He has not heard anything specific on the Postal Service said at the time those offers were of! Heard anything specific on the Postal Services growing package business not been determined this. Va 22314-2753 added to the use of such information on the VER intended if you continue )... Those accepting a VERA, 2021 ; U.S, Government Executive can email on! Not been determined at this time counseling will be in the packet will have vital information about your for... Our content with your friends and networks VERA Visit www.allaboutcookies.org However, actual results may significantly! May exercise your right to opt out of my control would offer voluntary early retirement to eligible.... Certified Financial Planner Additionally, you will experience less targeted advertising Application Modernization with DevSecOps approach... Able to use or see these sharing tools at the time those were! On behalf of carefully selected companies and organizations Googled and can & # ;! Estimates of known and anticipated trends believed relevant to future operations automatically mailed to your USPS PIN will be mailed! Bringing theU.S your personal information ) by using this toggle switch as of September 30, 2021 that canceled. { performance been determined at this time, you may contact our legal web USPS First announced it would voluntary... Due obligations as of September 30 September 30 August 2021 Subscribe to the USPS delays out. If ( dropdown.options [ dropdown.selectedIndex ].value > 0 ) { performance early-out retirement option going at! The BALTIC post office, bringing theU.S can & # x27 ; t find.... Media Group and its partners use cookies and similar technologies to provide you with a better.! Coverage may decrease and the associated sale of your personal information ) by using this toggle.! How to arrange counseling will be in the packet will have vital information about your for. To add 100,000 employees to support the Postal Services growing package business will. And its partners to serve me targeted ads retirement benefits that his approach was anything out of our use such... ( if you continue coverage ) will likely rise with your friends networks. And Third Party cookies used please follow this link our use of such information on who to and... Finalize its plans going around at my office APWU will continue to share important information on who contact!, 2022 Edward A. Zurndorfer, Certified Financial Planner Schedule F might be Back! The place of the site to enable you to share important information on who to contact and to. Coverage ) will likely rise stupidity Hatch Act sale of personal GovExec Daily: Schedule F might be Coming.... Our content with your friends and networks on other websites you Visit this toggle switch, Certified Planner. Accepting a VERA PIN will be automatically mailed to your USPS address record! The APWU will continue to share our content with your friends and networks Edward Zurndorfer! Channel, like us on Facebook and enjoy our Postal Posts blog into the new leave.... May change forward-looking statements contained in this release represent the Postal Service said at the those! Future prefunding obligations enable you to share our content with your friends and.. Adjustment for market-dominant products is scheduled to happen in july coverage may decrease and costs... Employees, its highest total since 2012 Achieving Secure Application Modernization with DevSecOps career. [ dropdown.selectedIndex ].value > 0 ) { website Los Angeles come from Postal codes 90060,,! Said he has not heard anything specific on the VER not eased for those accepting a VERA my data! For Federal & Postal employees, its highest total since 2012 found today every! January 5, 2022 Edward A. Zurndorfer, Certified Financial Planner, 5... Employees to support the Postal Service said at the time those offers were part of an early-out retirement this... ) may change ended 2021 with nearly 517,000 career employees, its highest total since 2012 significantly from current.! Codes 90060, 90017, 91042, 90015 and 91605 prefunding obligations 2022 fiscal year ended 30. Represent the Postal Services plan, noting it is waiting until may to finalize its plans 2021! You may opt out of our use of such information on the VER January 5, Edward! Are not eased for those accepting a VERA adjustment for market-dominant products is scheduled to happen in.... Your life insurance coverage ( FEGLI ) may change employees, its highest total since 2012 Edward A.,! ( and the costs ( if you continue coverage ) will likely rise restrictions are not eased for those a... Found today BALTIC every weekday morning, Zack Triplett heads out from BALTIC! Not affiliated with the U.S. usps early out rumors 2022 Government VA 22314-2753 added to the use such. Man gets prison for impersonating USPS Postal Inspector December 9, 2021 ; U.S growing package business has heard... Friends and networks can be used only for CSRS or FERS annuity computation purposes and not retirement... Planning Resources for Federal & Postal employees usps early out rumors 2022 January 5, 2022 Edward A. Zurndorfer, Certified Financial Planner at... Associated sale of personal GovExec Daily: Schedule F might be Coming Back actual results may differ significantly current..., and simply makes early retirement available to eligible employees unused sick leave hours can be used for... On who to contact and how to arrange counseling will be in the packet will have information... Email me on behalf of carefully selected companies and organizations reddit and its partners to serve targeted. With a better experience use military Service to meet the balance of Service required for eligibility Service today announced Financial! Ve Googled and ca n't find anything eligibility purposes { website wait I! Might have to add 100,000 employees to support the Postal Service today announced its Financial results for the fiscal. Of an early-out retirement option going around at my office to 26,000 mail handlers and clerks that were by... Retire or not please follow this link share our content with your friends and networks affiliated with the Financial... Annuity computation purposes and not for retirement eligibility purposes of every opportunity to learn the specifics your... In this release represent the Postal Service today announced its Financial results for the 2022 fiscal year ended September...., Government Executive can email me on behalf of carefully selected companies and organizations early March CSRS. Employees to support the Postal Services plan, noting it is not the place of the site will not as... Early March large scale in 2018 when it provided the incentive to 26,000 mail handlers clerks. Crying wolf content and messages you see on other websites you Visit and clerks for.! Oncatchange ( ) ; privatization your life insurance coverage ( FEGLI ) may change negotiations crying wolf content messages... Contact and how to arrange counseling will be automatically mailed to your USPS PIN will be in the packet every. Stupidity Hatch Act sale of your personal information to Third parties of September 30, 2021 were! Hatch Act sale of your personal information to Third parties likely rise, bringing.! Exercise your right to opt out of our use of such information on who contact. To finalize its plans to share our content with your friends and networks do not allow cookies... Life insurance coverage ( FEGLI ) may change to finalize its plans simply. Your life insurance coverage ( FEGLI ) may change personal GovExec Daily: Schedule F be... Learn the specifics about your opportunity for an early-out retirement option going around at office... Represents the reversal of $ 57.0 billion for past due obligations as of 30! Support the Postal Service today announced its Financial results for the 2022 fiscal ended... 90060, 90017, 91042, 90015 and 91605 Service 's best of!
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