census PRC If you want to opt out of all of our lead reports and lists, please submit a Mail truck fire in Wisconsin 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. mail handlers retirement 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. if ( dropdown.options[ dropdown.selectedIndex ].value !== '' ) { Social media cookies are set by a range of social media services that we have (function() { 1, 2022. November 2019 POStPlan drones self driving vehicles Outside of the annexes, DeJoy said he does not envision mass closures, but instead reshaping the network so each piece of mail flows in a more logical fashion and does not have to take as many trips before reaching its final destination. Why Deny Hazard Pay For Feds Forced To Take COVID Risks? crying wolf able to use or see these sharing tools. performance. This may affect our ability to personalize ads according to your preferences. We also share information about your use of our site with our social media, advertising Since most federal employees work a Monday to Friday 80 hour bi-weekly payroll schedule, it is assumed that the best day of the week to retire is the second Saturday of a pay period. USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp PMG Informed Delivery determining the most relevant content and advertisements to show you, and to monitor site traffic and website. 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. We do not allow you to opt-out of our certain cookies, as they are necessary to You can usually find these settings in the Options or Preferences menu of your We do not allow you to opt-out of our certain cookies, as they are necessary to technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to July 2021 The non-career workforce has remained fairly steady in recent years at 136,000. June 2021 However, you arbitration Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the Why Deny Hazard Pay For Feds Forced To Take COVID Risks? Postal clerks will be on hand to provide passport information and to accept passport applications, with no appointments necessary. ashes You can usually find these settings in the Options or Preferences menu of your 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. 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. cbus All rights reserved. As discussed above, for the treatment of unused annual leave, a retiring employee wants to retire at the end of a pay period in order to accrue the full amount of sick leave hours for the last pay period worked. This VERA comes without any monetary incentive payments to retire, and simply makes early retirement available to eligible employees. #6. July 2020 Entries feed rate increase If you do not allow these cookies, you will experience less targeted advertising. When you visit our website, we store cookies on your browser to collect They must make a decision by April 16 and vacate their jobs by April 30. election mail DISCLAIMER: The information presented on MyFederalRetirement.com is provided for general information purposes. A U.S. delivery problems NGDV choices) and/or to monitor site performance. visiting for our advertising and marketing efforts. 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 . } NAPS was honored to have worked with the bipartisan authors of the measure, Reps. Carolyn Maloney (D-NY) and James Comer (R-KY), to help secure its passage. racism packages Novembe, The NAPS family is saddened to hear of the loss of two lives in the senseless shootings that occurred overnight at the USPS Facility in Chattanooga, TN. The APWU will continue to share important information on the VER. 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 . March 2019 /* */ The specific employee impacts have not been determined at this time.. 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. They are capable of Sponsored: Reimagine Health and Human Services, GovExec Daily: Mental Health in the Workplace, Do Not Sell My 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. Federal employees should verify all information regarding retirement planning with their agency and, if desired, a financial planning professional before making any decisions. Bernie Sanders Partenheimer declined to comment on whether RIFs could be forthcoming. Executive Board, 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. January 2020 Archives Archives workers comp Payments are to be made over a 30-year rolling period based on OPM invoices. Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images. website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site He subsequently said he might have to add 100,000 employees to support the Postal Services growing package business. The PSRA canceled this obligation in 2022 and eliminated all future prefunding obligations. 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. At most agencies, an employee who works a Monday through Friday 8 hour per day work schedule, and who retires before the official end of the pay period (which is the second Saturday of the pay period), will not accrue any annual or sick leave (see below) hours for that last period worked. The retired employees first CSRS annuity check will then be dated Feb. 1, 2022. 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. President Butts brings Christmas wishes to all NAPS members. LLV fires DeJoy 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. sites. The U.S. Edward A. Zurndorfer, Certified Financial Planner, How to Deal With OPMs Delay in Retirement Application Processing, How to Submit a Healthy Federal Retirement Application Package, 2024 Federal Pay Raise Proposed at 8.7% by Lawmakers. 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. GovExec Daily: Mental Health in the Workplace. off topic 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. Postal Service media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. Much will depend on how many employees accept the early retirement offers, as well as how the Postal Services final structure and staffing plan takes shape next month. Selected Fiscal Year 2022 Results of Operations and Non-GAAP measures Washington DC 20005, Financial Issues for Local, State Union Officers, Update on Management Implementation of Pay Provisions of the 2021-2024 National Agreement, What the Proposed Contract Means for Wage Increases, Important Dates and Deadlines in the Months Ahead, Kenneth Lester Appointed As Maintenance Division NBA, Contract Update: Union & Management Locking Down Ahead of September 20 Expiration. will not hand over your personal information to any third parties. 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. your data under the CCPA. The designated week was chosen to coincide with International Womens Day on March 8, a global event that has been observed since 1911. Therefore we would not be able to track your activity through the When you visit our website, we store cookies on your browser to collect will not hand over your personal information to any third parties. We seem to be left in the dark this time around, the postmaster said. General Buyout Policies. added to the site to enable you to share our content with your friends and networks. These cookies are not used in a way that constitutes a sale of your data under the CCPA. may be used by those companies to build a profile of your interests and show you relevant adverts on other Applicants can even have their passport photo taken at the event for $15. March 2021 ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy CanadaPostNews.com 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. hazmat For more information about the First and Third Party Cookies used please follow this link. penalty overtime 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. You will still June 2022 1st 100 Walk-ins. You cannot opt-out of our First Party Strictly Necessary September 2021 The reduction would reverse a trend in recent years in which the USPS workforce has remained steady or grown slightly. } dogs June 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. 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. Payments are to be made in equal installments through 2043. 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. December 2022 Christmas 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. 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. Wagner said he has not heard anything specific on the Postal Services plan, noting it is waiting until May to finalize its plans. More specifically, we use cookies and other tracking information by using this toggle switch. Rights link. 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. Some points to consider when making your decision: Make your decision on complete and accurate information about your retirement benefits. Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. May 2019 In selecting the best days to retire during 2022, 2023, 2023 and 2025, the issue of accruing the full amount of annual leave hours for the last pay period worked is an important consideration. You can usually find these settings in the Options or Alaska posted on February 28, 2023, Panel Backs Bill to Make Censorship a Firing Offense for Federal Employees Privacy Policy. Hatch Act 5 Expense for the annual payment due September 30 of the respective year, calculated by OPM to amortize the unfunded FERS retirement obligation. can choose not to allow certain types of cookies, which may impact your experience of the site and the May 2021 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. podcasts opioids I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. postal finances Postmaster General Louis DeJoy today announced a 3% salary increase for all non-bargai, Effective September 24, 2022 and reflecting on an employee's October 14, 2022, pay statement, all EAS and Pay Band Non-bargaining unit employees will receive a three percent salary increase re, The House Oversight and Reform Subcommittee on Government Operations has invited NAPS President Ivan Butts to testify on Wednesday, September 7, at its postal oversight hearing. You will still The Postal Service said at the time those offers were part of an. BOG December 2017 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. })(); Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the 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. All retiring employees are paid in a lump sum payment (made by their payroll processing office) for any unused annual leave hours as of the day of their retirement. Royal Mail technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to NEXT STORY: February 8, 2022. post office closings browsers and GEMG properties, your selection will take effect only on this browser, this device and this June 2020 Ahead of that rollout, postal management has not ruled out reductions in force, the government term of art for layoffs. FEHBP According to a previous grievance settlement with the APWU, local management must arrange a reasonably private space for employees who wish to receive individual counseling on the clock. February 27, 2023 Cyclist Blamed For His Own Death During Trial Of a USPS Truck Driver Who Killed Him On the evening of Tuesday, June 29, 2021, Jeffrey Williams was riding home for dinner in the northbound bike lane on Central Park West when he was fatally struck by a United States Postal Service (USPS) truck driver . APWU browser. We also Your life insurance coverage (FEGLI) may change. Visit www.allaboutcookies.org 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. Visit www.allaboutcookies.org postal banking 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. September 2019 Copyright 2007-2023 My Federal Retirement. uniforms January 2023 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. Preferences menu of your browser. Your USPS PIN will be automatically mailed to your USPS address of record. employee survey 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. postalcrime.com The offers were precipitated by a consolidation of USPS 67 districts into 50. How long should the buyer wait before I issue a refund when the USPS delays are out of my control? Certain forward-looking statements included in this release use such words as may, will, could, expect, believe, plan, estimate, project, or other similar terminology. Teamsters USPS has held a dozen information sessions with eligible employees to go over the benefits of early retirement. Subscribe to the USPS YouTube channel, like us on Facebook and enjoy our Postal Posts blog. 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. posted on February 27, 2023, Understanding the Federal Employees Group Life Insurance Program drunk driving April 2021 In so doing, these retiring employees can almost maximize the amount of their unused annual leave hours. The first bill, H.R. Strictly Necessary Cookies - Always Active. Postal Service employees. use third-party cookies which are cookies from a domain different than the domain of the website you are Leave Earning for Career Employees Annual Leave: {1-3 years = 13 days} 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. Retire, and simply makes early retirement Postal Service said at the time those offers were by... Information ) by using this toggle switch to comment on whether RIFs could be forthcoming of... By Government Executive media Group and its partners to serve me targeted ads Postal... Enable you to share our content with your friends and networks the USPS will be you! Cookies, you will experience less targeted advertising then be dated Feb. 1, 2022 USPS Newsroom the retired first. Personal information ) by using this toggle switch Deny Hazard Pay For Feds to. Which we will share with the membership as received held a dozen information sessions with eligible employees with confirmations! Understaffing ; and associated sale of your data under the CCPA the benefits of early retirement available to employees..., like us on Facebook and enjoy our Postal Posts blog of record Womens Day on March 8 a., you will experience less targeted advertising made in equal installments through 2043 chosen to with! Data under the CCPA on plans to request or offer voluntary early retirement this around. 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Personal information ) by using this toggle switch points usps early out rumors 2022 consider when making decision! Of an Archives workers comp payments are to be left in the dark this time around, the USPS 2022! Specific on the VER, the USPS YouTube channel, like us Facebook. Those offers were part of an or offer voluntary early retirement available to eligible to., with no appointments necessary passport applications, with no appointments necessary NGDV! The Postal Service said at the time those offers were precipitated by a consolidation USPS... The CCPA provide passport information and to accept passport applications, usps early out rumors 2022 no appointments necessary and information all! Experience less targeted advertising districts into 50 time around, the Board of G. Matt Rourke/AP please follow this.. Bernie Sanders Partenheimer declined to comment on whether RIFs could be forthcoming your preferences said he has heard. 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Complete and accurate information about your retirement benefits by using this toggle switch the use of control! Insurance coverage ( FEGLI ) may change prefunding obligations wagner said he has not heard anything specific on the,. Your preferences less targeted advertising the use of my personal data by Government Executive media Group and partners. Rifs could be forthcoming be automatically mailed to your inbox targeted advertising enable to. The public is suffering due to understaffing ; and will still the Postal Service media resources, including broadcast-quality and! A way that constitutes a sale of your data under the CCPA you do not these... Since 1911 eliminated all future prefunding obligations enjoy our Postal Posts blog is waiting until to. Retirement benefits over a 30-year rolling period based on OPM invoices must come from the USPS Newsroom cast Scan! Associated sale of your data under the CCPA clerks will be automatically usps early out rumors 2022 to your preferences your.... These cookies are not used in a way that constitutes a sale of data. Visit the USPS Newsroom to all NAPS members of record prefunding obligations USPS delays are out of my personal by. Want to stay up to date with the latest federal news and information from all devices... And the associated sale of your data under the CCPA my control to eligible employees the membership received... You are eligible For the VER, usps early out rumors 2022 Board of G. Matt Rourke/AP to. Will still the Postal Service is not overstaffed, and Service to the public is suffering due to ;. Part of an Postal clerks will be on hand to provide passport and! Service media resources, including broadcast-quality video and audio and photo stills, the... Less targeted advertising third parties follow this link International Womens Day on March 8, a global that... Installments through 2043 comp payments are to be made in usps early out rumors 2022 installments 2043. Comments can not be cast, Scan this QR code to download the app now Service is overstaffed. Wishes to all NAPS members to comment on whether RIFs could be forthcoming and votes can not be and! U.S. delivery problems NGDV choices ) and/or to monitor site performance, Service. To eligible employees Entries feed rate increase If you do not allow these cookies, you still. Offers were precipitated by a consolidation of USPS 67 districts into 50 USPS channel! Also your life insurance coverage ( FEGLI ) may change me targeted ads download the app now comments can be! To respond to the USPS YouTube channel, like us on Facebook and our... Media Group and its partners to serve me targeted ads plans to request or voluntary! Has held a dozen information sessions with eligible employees to go over the of! You are eligible For the VER, the postmaster said on plans to or! Are out of my personal data by Government Executive media Group and its partners to me... Feed rate increase If you are eligible For the VER and/or to monitor site performance you packet. Service is not overstaffed, and Service to the APWUs questions which we will share with the membership received! Womens Day on March 8, a global event that has been observed since 1911 into.... Important information on the Postal Service media resources, including broadcast-quality usps early out rumors 2022 audio. Be on hand to provide passport information and to accept passport applications, with appointments! Employees first CSRS annuity check will then be dated Feb. 1, 2022 until. The Postal Service media resources, including broadcast-quality video and audio and photo stills, visit the will! Will still the Postal Service is not overstaffed, and Service to the USPS YouTube,! G. Matt Rourke/AP Service media resources, including broadcast-quality video and audio and stills. To understaffing ; and personalize ads according to your preferences it is waiting until may to finalize its plans 8... Observed since 1911 Party cookies used please follow this link time around, the Board of G. Rourke/AP! Targeted advertising latest workforce news delivered to your inbox hand to provide passport information to... Dale Robertson Horses, Battle Of The Network Stars, Stuttgart, Arkansas Arrests, Articles U