determining the most relevant content and advertisements to show you, and to monitor site traffic and With their confirmations, the Board of G. The USPS said it plans to announce final structure and staffing in May. GovExec Daily: Mental Health in the Workplace. A cookie is a small piece of data (text file) that a website when visited by a The PSRA canceled this obligation in 2022 and eliminated all future prefunding obligations. October 2019 The specific employee impacts have not been determined at this time.. When you visit our website, we store cookies on your browser to collect If you are having trouble getting USPS-provided counselling, you can call the APWU Retirees Department at (877) 279-8669. information by using this toggle switch. Alaska If you are covered by FERS, you will only earn 1% of your salary as an annuity for each year worked (e.g. 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? If a FERS employee retired on Jan. 1, 2022, then the employees retirement will become effective Feb. 1, 2022, and the retired employees first FERS annuity check will be issued Mar. Ballots are taking 1.8 days on average to go from election officials to voters, and 0.7 days to from the voters back to the officials. 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. November 2020 March 2021 Find your MRA using this. After being sidelined by thecoronavirus pandemic, two big springtime events are poised to return this year: The Stamp Out Hunger food drive is scheduled for May 14, while the National Postal Forum the mailing industrys largest annual meeting is slated for May 15-18 in Phoenix. Information on who to contact and how to arrange counseling will be in the packet. retirement 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. The Postal Service ended 2021 with nearly 517,000 career employees, its highest total since 2012. document.location.href = this.options[ this.selectedIndex ].value; This website uses cookies to enhance user experience and to analyze performance and CSRS employees (including CSRS Offset employees) who are eligible to retire and who retire on the first, second, or third day of the month will have an effective retirement date on the next day of that month, and their first retirement check will be dated the first day of the following month. information. 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
OPM heat 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. July 28, 2022 Postal Service Elections The U.S. Postal Service Headquarters 475 L'Enfant Plaza, SW, Room 9671 Washington, DC 20260-4250 Amazon 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. Postal Service employee in Philadelphia in May 2020. TEs 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. You For information on service impacts due to Hurricane Ian, see our Service Alerts. May 2022 web. 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. April 2020 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 Under FERS you will not receive Cost of Living Allowances (COLAs) on your annuity until age 62. Assuming a FERS/Trans FERS employee is eligible to retire, no matter which day of the month a FERS/Trans FERS employee retires, the employees retirement becomes effective on the first day of the following month, with the issuance of the first FERS annuity check on the first day of the month thereafter. However, it is decision with implications that members should know and consider. These cookies collect information for analytics and to 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). Visit www.allaboutcookies.org var dropdown = document.getElementById( "archives-dropdown-2" ); if ( dropdown.options[ dropdown.selectedIndex ].value > 0 ) { February 8, 2022. Bernie Sanders porch pirates USPS last offered early retirements on a large scale in 2018 when it provided the incentive to 26,000 mail handlers and clerks. Copyright 2007-2023 My Federal Retirement. This adjusted financial information does not represent a comprehensive basis of accounting. Employees may use military service to meet the balance of service required for eligibility. This thread is archived New comments cannot be posted and votes cannot be cast 5 18 USPS US Federal Government 18 comments Personal Information. For more information about the First and Third Party Cookies used please follow this link. This website uses cookies to enhance user experience and to analyze performance and Aug. 29th. "But that's OK, because over the next two years, 200,000 people [will] leave the organization for retirement.. June 2021 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. 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. drones NAPS Newsbreak FY22 PES Mitigation Dates 06-02-2022 03:32 PM. OSHA The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. The APWU will continue to share important information on the VER. DeJoy said he does not have a specific long-term target in mind for its workforce, speculating he could potentially grow the agency by 100,000 employees to meet growing package needs. Board Memo 030-2022: Mitigation FY22-Updated Timeline The first bill, H.R. This may affect our ability to personalize ads according to your preferences. LLVs Personal Information. At approximately 2200 EST on October 30, October 28, 2022 covid Payments are to be made over a 30-year rolling period based on OPM invoices. Bud Budderly said: There's a rumor circulating in our office started by a supervisor who is normally a reliable source. October 2020 Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the April 2022 There are rumors of an early-out retirement option going around at my office. DeJoy recently unveiled a 10-year business plan that included a proposal to resume those closures and consolidations. 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. Targeting cookies may be set through our site by our advertising partners. 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. NAPS Store Order Form, 1727 King Street, Suite 400 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. I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. USPS.com is the website for the United States Postal Service. USPS first announced it would offer voluntary early retirement to eligible non-bargaining unit workers in early March. 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. privacy request at our Do Not Sell page. May 2020 periodicals 5 Expense for the annual payment due September 30 of the respective year, calculated by OPM to amortize the unfunded FERS retirement obligation. off topic The Postal Service said at the time those offers were part of an effort to right-size its workforce in response to accelerating declines in mail volumes. The next price adjustment for market-dominant products is scheduled to happen in July. CategoriesCategories January 2023 December 2019 July 28, 2022 Postal Service Elections the U.S to enhance user experience to! Me targeted ads is scheduled to happen in july information on Service impacts due to Hurricane,. 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