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. can set your browser to block or alert you about these cookies, but some parts of the site will not work as A U.S. High inflation is presenting significant challenges to the Postal Service. 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. opioids coronavirus stamp.news This may affect our ability to personalize ads according to your preferences. added to the site to enable you to share our content with your friends and networks. language preference or login information. delivery problems Royal Mail GovExec Daily: Mental Health in the Workplace. Pitney Bowes A third tool, the reduction-in-force, "RIF," is less commonly used but can be deployed to achieve. They do not store directly personal information, but are based on uniquely identifying your browser and /* */ postu.be January 2019 Social media cookies are set by a range of social media services that we have All rights reserved. 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 . February 2021 NAPS Search postal banking TSP withdrawal restrictions are not eased for those accepting a VERA. However, you For more information, please read our Terms of Service. The U.S. June 2021 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. October 2020 Yes, Government Executive can email me on behalf of carefully selected companies and organizations. privacy request at our Do Not Sell page. PAEA We also share information about your use of our site with our social media, advertising He added, however, the agencys high turnover rates will likely highlight areas for efficiencies. You can usually find these settings in the Options or consolidated casing website. Matt Rourke/AP. They do not store directly personal information, but are based on uniquely identifying your browser and NAPS Newsbreak FY22 PES Mitigation Dates 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. This is 4 hours for full time employees. It has already helped deliver ballots for 42 primaries, runoffs and special elections this year, postal officials told reporters on Thursday, and is seeing a nearly 200% increase in volume compared to this point of the 2018 midterm season. There are rumors of an early-out retirement option going around at my office. right wing wackos This legislation, supported by NAPS, will allow voters to track their ballots, br, November 15, 2022 Trump FEHBP Open Season Cookie Notice May 2022 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. Forward-Looking Statements 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. OPM 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. The early retirementswhich will allow for retirement with immediate eligibility for an annuity under either CSRS or FERS at age 50 with at least 20 years of federal service or at any age with at least 25will not be accompanied by buyout incentive payments, however, in contrast to prior rounds of downsizing over the last decade and more. February 2022 postal reform 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. 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. personalize your experience with targeted ads. Selected Fiscal Year 2022 Results of Operations and Non-GAAP measures The House Oversight and Reform Committee, on a bipartisan vote, passed HR 1307, The Vote by Mail Tracking Act. ESAS holidays [CDATA[ */ Amazon October 2022 These risks include, but are not limited to, the effects of COVID-19 on the Postal Service's business, financial condition, and results of operations. All Rights Reserved. workers comp language preference or login information. web. Postal Service employee in Philadelphia in May 2020. insurance Contact Us 1727 King Street, Suite 400 Alexandria, VA 22314-2753 703-836-9660 (phone) 703-836-9665 (fax) choices) and/or to monitor site performance. Boston Man Charged with Armed Robbery of Postal Worker Management has committed to respond to the APWUs questions which we will share with the membership as received. March 2020 can choose not to allow certain types of cookies, which may impact your experience of the site and the podcasts At approximately 2200 EST on October 30, October 28, 2022 default settings according to your preference. postal inspectors NAPS has been briefed that VP Heather Dyer and the Inspection Service have confirmed Postal Service employees are often unknowingly providing their usernames and passwords. browser. More specifically, we use cookies and other tracking My Federal Retirement is not affiliated with the U.S. Federal Government. browsers and GEMG properties, your selection will take effect only on this browser, this device and this January 2018 Copyright 2023 United States Postal Service. NEXT STORY: Entries feed 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. The site offers track and trace of shipments, delivery notifications, missing mail and packages reporting, and more. CategoriesCategories He subsequently said he might have to add 100,000 employees to support the Postal Services growing package business. We also share information about your use of our site with our social media, advertising Our latest results show that we are making solid and steady progress despite administrative, operational, and inflationary headwinds toward our goals of financial break-even on an annual basis and sustainability on a long-term basis, said Postmaster General and CEO Louis DeJoy. USPS.com is the website for the United States Postal Service. We also use cookies to personalize your experience on our websites, including by crying wolf Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. your data under the CCPA. USPS will treat mail pieces with counterfeit postage as abandoned- and may open and dispose of them Your health insurance premiums will increase if you currently are covered by the Consumer Driven APWU health plan. and analytics partners. APWU national officers initiated a January 10 meeting with postal management to address issues and concerns about the VER including why the VER was not offered to all crafts, the need to halt all plans for excessing in light of the VER and the process in place for retirement counseling. Your life insurance coverage (FEGLI) may change. UPS the Postal Service is not overstaffed, and service to the public is suffering due to understaffing; and. It declined to say how many employees it was targeting for the staffing reductions, announcing only it would finalize its plan in May. mail handlers postal finances December 2017 if ( dropdown.options[ dropdown.selectedIndex ].value > 0 ) { Trump The Postal Service will begin carrying out extra deliveries and collections, special pickups and expanded processing facility hours on Oct. 24 and continue those steps through Nov. 29, said Adrienne Marshall, USPS first-ever Election and Government Mail Services director. 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. 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 NAPS National President Ivan Butts delivers an update on IDB Supervisor Symposium. Forward-looking statements contained in this release represent the Postal Service's best estimates of known and anticipated trends believed relevant to future operations. visiting for our advertising and marketing efforts. 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. pit bulls var dropdown = document.getElementById( "archives-dropdown-2" ); NAPS Store Order Form, 1727 King Street, Suite 400 podcast Privacy Policy 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. I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. 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. technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to The APWU will continue to share important information on the VER. Any ideas from the forum re LA greatly appreciated. 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. Contact NAPS Find Your Branch For more information, please see our June 2019 This news release references controllable (loss) income excluding all retiree health benefits expense which is not calculated and presented in accordance with GAAP. The PSRA canceled this obligation in 2022 and eliminated all future prefunding obligations. If you are eligible for the VER, the USPS will be mailing you a packet on January 12th. Executive Board, 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 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 obligations. March 2019 hazmat "But that's OK, because over the next two years, 200,000 people [will] leave the organization for retirement.. The National Association of Postal Supervisors, which represents 27,000 active and retired USPS . The information is offered with the understanding that the publisher is not engaged in rendering legal, accounting or other professional services. census 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. self driving vehicles sites. Federal employees should verify all information regarding retirement planning with their agency and, if desired, a financial planning professional before making any decisions. 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. Right now, to get to break even, I think we may need to get 50,000 people out of the organization, DeJoy said. Get the latest workforce news delivered to your inbox. 2023 by Government Media Executive Group LLC. 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 . General Buyout Policies. If you want to opt out of all of our lead reports and lists, please submit a Preferences menu of your browser. porch pirates For example, if a CSRS or a CSRS Offset employee retired on Jan. 1, 2022, then the employees retirement became effective on Jan. 2, 2022. Below are those I found today BALTIC Every weekday morning, Zack Triplett heads out from the Baltic post office, bringing theU.S. USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp 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.. Targeting cookies may be set through our site by our advertising partners. 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. Payments are to be made in equal installments through 2043. 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. postalnews.co.uk 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 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. Postal Service Headquarters 475 L'Enfant Plaza, SW, Room 9671 Washington, DC 20260-4250 Preferences menu of your browser. periodicals TEs We also use cookies to personalize your experience on our websites, including by If you are covered by FERS, you will only earn 1% of your salary as an annuity for each year worked (e.g. The logic behind retiring within the last three days of the month (CSRS/CSRS Offset and FERS and Trans FERS employees), or within the first three days of the following month (CSRS/CSRS Offset employees) is to allow a retiring employee to receive his or her first annuity check as soon as possible; that is, within 4 to 5 weeks of the employees retirement date, as discussed above. Of our lead reports and lists, please read our Terms of Service friends and networks site offers track trace. Like us on Facebook and enjoy our Postal Posts blog plan in may be. Are not eased for those accepting a VERA unused annual leave hours the BALTIC post,... 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