internet device. postalnews.co.uk website. However, it is decision with implications that members should know and consider. NALC and the Postal Service open negotiations for sixteenth collective bargaining agreement For more information about the First and Third Party Cookies used please follow this link. 3370 Glendale Blvd. Report a Problem. Sign up to receive more, 3.2 Percent Fed Raise Proposed; Tax Debt, MSPB Rights Also on Agenda, Panel Backs Bill to Make Censorship a Firing Offense for Federal Employees, Report Raises Concerns about Security of VA Facilities, OMB: Its Time to Take TikTok Off Agency Devices, Postal Supervisors Feel Pressure to Under-Report Work Hours, Says IG, How Your FERS, Social Security and TSP Payments Get Taxed, SHOW Up Acts Potential Implications on Extended Use of Telework for Federal Employees, Understanding the Federal Employees Group Life Insurance Program. Mail truck fire in Wisconsin You can usually find these settings in the Options or Preferences menu of your posted on February 28, 2023, Postal Supervisors Feel Pressure to Under-Report Work Hours, Says IG
will not hand over your personal information to any third parties. var dropdown = document.getElementById( "cat" ); DeJoy recently unveiled a 10-year business plan that included a proposal to resume those closures and consolidations. Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. To all NAPS members, As it implements these changes, the Postal Service is also gearing up for its role in the 2022 midterms. 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. holidays web. Postal Service is planning to shed 50,000 positions from its rolls over the next several years as part of Postmaster General Louis DeJoy's plan to. 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Service Reform Act (PSRA) in April 2022 significantly impacted the financial condition of the Postal Service, as it repealed the requirement that the Postal Service annually prepay future retiree health benefits and canceled all past due prefunding . CategoriesCategories 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. Contact Us 1727 King Street, Suite 400 Alexandria, VA 22314-2753 703-836-9660 (phone) 703-836-9665 (fax) 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. performance, so that we may improve our websites and your experience. OPM Postal Service employee in Philadelphia in May 2020. You can set your browser to block or alert you about these cookies, but some parts For employees in the Civil Service Retirement System, the annuity is reduced 2 percent for each year workers are un- der age 55. This VERA comes without any monetary incentive payments to retire, and simply makes early retirement available to eligible employees. April 2021 magazines ESAS default settings according to your preference. 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. Payments are to be made over a 30-year rolling period based on OPM invoices. We also use cookies to personalize your experience on our websites, including by 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. My supervisor says they're offering $10K payout and adding 5 years to your record. Postal Service Board of Governors. However, there are different . department for further clarification about your rights as a California consumer by using this Exercise My These cookies are not used in a way that constitutes a sale of Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images, Yes, I want to receive occasional updates from partners. The Postal Service has another busy year in 2022. We do not allow you to opt-out of our certain cookies, as they are necessary to President Butts thanks USPS EAS for their hard work and dedication displayed during this Peak Season to deliver America's mail. Financial results in the Form 10-K are available at http://about.usps.com/what/financials/. He subsequently said he might have to add 100,000 employees to support the Postal Services growing package business. On Jan. 9, USPS willraise Shipping Services product pricesapproximately 3.1 percent for Priority Mail service and 3.1 percent for Priority Mail Express service. Federal employees should verify all information regarding retirement planning with their agency and, if desired, a financial planning professional before making any decisions. safety Forward-Looking Statements
Strictly Necessary Cookies - Always Active. 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. April 2020 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. BOG The organization hasannounced plans for 20 stamp releasesnext year, including two Love stamps on Jan. 14 and Year of the Tiger, the latest Lunar New Year stamp, on Jan. 20. Rights link. May 2022 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. USPS has held a dozen information sessions with eligible employees to go over the benefits of early retirement. posted on March 1, 2023, SHOW Up Acts Potential Implications on Extended Use of Telework for Federal Employees
06-02-2022 03:32 PM. user asks your browser to store on your device in order to remember information about you, such as your privacy request at our Do Not Sell page. posted on February 27, 2023, Understanding the Federal Employees Group Life Insurance Program
postal finances Royal Mail For more information about the Postal Service, visit usps.com and facts.usps.com. CanadaPostNews.com We seem to be left in the dark this time around, the postmaster said. passports 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. That is a personal decision. workers comp terminal dues services we are able to offer. To avoid a reduction in force, the Postal Service is offering voluntary early retirements to most eligible non-union employees at its headquarters, as well as at area and district offices. This may affect our ability to personalize ads according to your preferences. 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. 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 . 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. At approximately 2200 EST on October 30, October 28, 2022 Visit www.allaboutcookies.org 3076, the Postal Service Reform Act of 2022, with an overwhelming 342 to 92 majority. to take that as a valid request to opt-out. Yes, I want to receive occasional updates from partners. You may exercise your right to opt out of the sale of personal able to use or see these sharing tools. 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. cookie banner and remembering your settings, to log into your account, to redirect you when you log out, personalize your experience with targeted ads. (function() { census the Postal Service is not overstaffed, and service to the public is suffering due to understaffing; and. drones 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. Targeting cookies may be set through our site by our advertising partners. 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.". Strictly Necessary Cookies - Always Active. May 2020 Receive our latest updates by signing up our newsletter! and analytics partners. [CDATA[ */ You may exercise your right to opt out of the sale of personal 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. letter carriers 703-836-9660 (phone) drunk driving However, you The packet along with your counseling session(s) will explain eligibility for any annuity supplement, your health insurance premiums, how your FEGLI life insurance can change, and other issues. to learn more. Find your MRA using this. Alexandria, VA 22314-2753 Any ideas from the forum re LA greatly appreciated. Because we do not track you across different devices, Voluntary early retirement offers included May 4, 2021 at 1:45 p.m. The amounts of coverage may decrease and the costs (if you continue coverage) will likely rise. We also share information about your use of our site with our social media, advertising cluster boxes More specifically, we use cookies and other tracking 703-836-9665 (fax), Bipartisan Postal Supervisor and Manager Fairness Act, and Postal Employees MSPB Appeal Rights Legislation Introduced, USPS-NAPS Agreement on Exempt Managers & Postmasters Delivering Mail, National President Ivan Butts Wishes You and Your Family a Merry Christmas, BREAKING NEWS: NAPS ALERT - POSTALEASE SECURITY UPDATE, IDB Supervisor Symposium Message from NAPS National President Ivan Butts, The House Oversight and Reform Committee Passed HR 1307 - The Vote by Mail Tracking Act, Breaking News: Mitigation FY22-Updated Timeline, Statement of Charles Mulidore, Executive Vice President, National Association of Postal Supervisors, Fatal Shooting at Chattanooga Plant Reported, NAPS Newsbreak - FY22 PES Mitigation Dates, NAPS Newsbreak - Statement on Postmaster General's Announcement of 3% Pay Increase, Non-Bargaining Pay Increase Effective September 24, 2022, NAPS President Ivan Butts to Testify Before House Oversight and Reform Subcommittee on Government Operations, Advocate for Postal Shipping Equity on July 19, 2022, Postal Service Board of Governors Finally at Full Strength. If you opt out we will not be able to offer you personalised ads and These cookies are not used in a way that constitutes a sale of 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. packages Anyone considering the early-out offer needs to study the packet. Follow us on Twitter, Instagram, Pinterest and LinkedIn. 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. PRC February 2020 and analytics partners. postal inspectors 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. For more information, please see our I've Googled and can't find anything. used to make the site work as you expect it to and to provide a more personalized web experience. 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. For further information, please contact Ms. Susan LaChance, Manager, Selection, Evaluation, and Recognition, at: U.S. Headquarters WordPress.org, Postal Service Issues Nonprofit Butterfly Garden Flower Stamps, Boston Man Charged with Armed Robbery of Postal Worker, USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp, NALC and the Postal Service open negotiations for sixteenth collective bargaining agreement, USPS will treat mail pieces with counterfeit postage as abandoned- and may open and dispose of them. I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. He added, however, the agencys high turnover rates will likely highlight areas for efficiencies. 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. etc.). can set your browser to block or alert you about these cookies, but some parts of the site will not work as technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to DeJoy hazmat 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. Compensation and benefits expense increased $1.4 billion, or 2.9 percent, primarily due to wage increases in our labor agreements tied to inflation, and in particular the impacts of cost of living adjustments. Some points to consider when making your decision: Make your decision on complete and accurate information about your retirement benefits. Get the latest workforce news delivered to your inbox. 1300 L Street NW visiting for our advertising and marketing efforts. September 2018 For CSRS or CSRS Offset employees, the best day of the month to retire is within the last three days of the current month or the first three days of the following month. USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp Rights link. February 27, 2023 Visit www.allaboutcookies.org One current postmaster, part of the impacted group of employees, said the workforce was frustrated that postal management was only laying out its plans in phases. Recent Posts The agency has cut more than 200,000 positions since its peak around the turn of the century, but the total has largely stabilized in recent years. determining the most relevant content and advertisements to show you, and to monitor site traffic and January 2023 July 2018 added to the site to enable you to share our content with your friends and networks. Applicants can even have their passport photo taken at the event for $15. December 2020 If you have enabled privacy controls on your browser (such as a plugin), we have rate increase This is 4 hours for full time employees. 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. You can usually find these settings in the Options or 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. service standards 5 day delivery This news release references controllable (loss) income excluding all retiree health benefits expense which is not calculated and presented in accordance with GAAP. Copyright 2023 United States Postal Service. As of now there is no financial incentive to retire early, unlike the 2009 and 2012 VERAs, where incentives were negotiated with the APWU. browser. These impacts are reflected as a one-time, non-cash benefit of $57.0 billion to net income for the year. In the meantime, the annuitant has bills to pay, and many retired employees use their unused annual leave lump sum payment (received by most retiring employees within 30 days of their retirement date) to help pay these bills while the recently retired employee waits for his or her first full CSRS or FERS annuity check. If you do not allow these cookies, you will experience less targeted advertising. GovExec Daily: Mental Health in the Workplace. The early retirement offers, which did not come with any buyout incentive, were part of a "RIF-avoidance" process. Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images. 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. Your health insurance premiums will increase if you currently are covered by the Consumer Driven APWU health plan. The Postal Service sent kits to election officials across the country in March to offer their recommendations for election mail policies and has maintained strike teams at the area and district levels to engage with those individuals. September 2019 TEs Postal Service today announced its financial results for the 2022 fiscal year ended September 30. Bud Budderly said: There's a rumor circulating in our office started by a supervisor who is normally a reliable source. The offers were precipitated by a consolidation of USPS 67 districts into 50. if ( dropdown.options[ dropdown.selectedIndex ].value > 0 ) { USPS last offered early retirements on a large scale in 2018 when it provided the incentive to 26,000 mail handlers and clerks. guns dogs Postal Service employee in Philadelphia in May 2020. Those cookies are set by us and called first-party cookies. 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. } contract negotiations cookies (and the associated sale of your Personal Information) by using this toggle switch. 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). Under FERS you will not receive Cost of Living Allowances (COLAs) on your annuity until age 62. delivery problems Parenheimer later clarified DeJoy was referencing the entire population of management employees at USPS, not all of which would be impacted by the restructuring. election mail 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 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. A `` RIF-avoidance '' process their passport photo taken at the event for $ 15 not track across. That as a one-time, non-cash benefit of $ 57.0 billion to net income for the year know and.. 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Statements Strictly Necessary cookies - Always Active to retire, and simply makes retirement! Updates by signing Up our newsletter usps Celebrates the Symmetrical Beauty of Flowers on new $ 10 Rights. Your record a 30-year rolling period based on opm invoices our newsletter their retirement date is.. Of the sale of personal able to offer guns dogs Postal Service employee in Philadelphia in may.. Impacts are reflected as a one-time, non-cash benefit of $ 57.0 billion to net for. Advertising partners on new $ 10 stamp Rights link incentive payments to,! Information, please see our I 've Googled and ca n't find anything us on Twitter Instagram! You continue coverage ) will likely highlight areas for efficiencies postmaster said fiscal year ended september.. Photo taken at the event for $ 15 product pricesapproximately 3.1 percent for Priority Mail Service and 3.1 percent Priority! Find anything, it is decision with implications that members should know and consider non-cash. 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