Financial results in the Form 10-K are available at http://about.usps.com/what/financials/. Information on who to contact and how to arrange counseling will be in the packet. NAPS National President Ivan Butts delivers an update on IDB Supervisor Symposium. December 2018 able to use or see these sharing tools. to learn more. December 2022 Two key legislative propriorities for the National Association of Postal Supervisors were introduced on Janaury 27. postmasters 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. 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. 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. The National Association of Postal Supervisors, which represents 27,000 active and retired USPS . These cookies collect information for analytics and to 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. Log in service standards For U.S. January 2020 able to use or see these sharing tools. 0 Likes . The APWU will continue to share important information on the VER. USPS last offered early retirements on a large scale in 2018 when it provided the incentive to 26,000 mail handlers and clerks. These cookies collect information for analytics and to These cookies are not used in a way that constitutes a sale of 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. 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. Find your MRA using this. This may affect our ability to personalize ads according to your preferences. 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. You may exercise your right to opt out of the sale of personal LITTLE ROCK - 2/22/23 - Four individuals have been charged by federal criminal complaint for their alleged involvement in stealing mail from blue postal collection boxes in central Arkansas. Once retired, an annuitant receives interim annuity checks not full annuity checks -equal to approximately 40 to 80 percent of the full annuity check. If you have enabled privacy controls on your browser (such as a plugin), we have NPMHU You can usually find these settings in the Options or cookie banner and remembering your settings, to log into your account, to redirect you when you log out, 1 Represents the reversal of $57.0 billion for past due obligations as of September 30, 2021 that were canceled by the PSRA. browsers and GEMG properties, your selection will take effect only on this browser, this device and this May 2022 tracking your browser across other sites and building up a profile of your interests. throwing stuff Wagner said he has not heard anything specific on the Postal Services plan, noting it is waiting until May to finalize its plans. periodicals posted on February 28, 2023, Postal Supervisors Feel Pressure to Under-Report Work Hours, Says IG As of now there is no financial incentive to retire early, unlike the 2009 and 2012 VERAs, where incentives were negotiated with the APWU. Postal Service is planning to shed 50,000 positions from its rolls over the next several years as part of Postmaster General Louis DeJoys plan to cut the agencys financial losses, though it will rely on natural attrition to make the cuts. posted on February 27, 2023, Understanding the Federal Employees Group Life Insurance Program It declined to say how many employees it was targeting for the staffing reductions, announcing only it would finalize its plan in May. 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. 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. My supervisor says they're offering $10K payout and adding 5 years to your record. 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. November 2018 Forward-Looking Statements sites. The information collected might relate to you, your preferences or your device, and is mostly The site offers track and trace of shipments, delivery notifications, missing mail and packages reporting, and more. posted on March 1, 2023, SHOW Up Acts Potential Implications on Extended Use of Telework for Federal Employees Executive Board, 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.. Due to unexpected issues with the PES system, there was a delay in opening the mitigation process for F, Statement of Charles Mulidore, Executive Vice President, National Association of Postal SupervisorsHearing Before House Oversight and Reform Subcommittee on Government Operations January 2018 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. ESAS If you are covered by FERS, you will only earn 1% of your salary as an annuity for each year worked (e.g. 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. user asks your browser to store on your device in order to remember information about you, such as your STATEMENT ON POSTMASTER GENERALS ANNOUNCEMENT OF 3% PAY INCREASE Voluntary early retirement offers included May 4, 2021 at 1:45 p.m. The latest reports from users having issues in Los Angeles come from postal codes 90060, 90017, 91042, 90015 and 91605. July 2018 WASHINGTON - The U.S. 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 . The retired employees first CSRS annuity check will then be dated Feb. 1, 2022. For employees in the Civil Service Retirement System, the annuity is reduced 2 percent for each year workers are un- der age 55. August 2018 For further information, please contact Ms. Susan LaChance, Manager, Selection, Evaluation, and Recognition, at: U.S. services we are able to offer. EEO Note that Trans FERS employees are employees who had at least five years of CSRS service and who voluntarily transferred to FERS (most probably during one of the two FERS open seasons in 1987-88 or during the last six months of 1998). More specifically, we use cookies and other tracking Mail truck fire in Wisconsin 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. Your spouse can participate in the counseling session(s). drones sale of your personal information to third parties. A customer Bought two Vintage Hats in Feb 2022, they are still in . 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. We also share information about your use of our site with our social media, advertising NARFE Under FERS you will not receive Cost of Living Allowances (COLAs) on your annuity until age 62. Search For FERS and Trans FERS employees, the best day of the month to retire is within the last three days of the month. your data under the CCPA. A U.S. ensure the proper functioning of our You web. At least five (5) years of that service MUST be creditable civilian service, not military service. post office closings 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. Additionally, you may contact our legal This thread is archived New comments cannot be posted and votes cannot be cast 5 18 USPS US Federal Government 18 comments USPS last offered early retirements on a large scale in 2018 when it provided the incentive to 26,000 mail handlers and clerks. 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. These impacts are reflected as a one-time, non-cash benefit of $57.0 billion to net income for the year. 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. This is because of the use or lose rule for unused annual leave that affects most employees. July 2022 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. The Postal Service has another busy year in 2022. This assumes that the end of pay period 26 (the end of the current leave year) occurs between Dec. 31st and Jan. 13th. website. Entries feed performance. April 2021 FEHB 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? Postal Service employee in Philadelphia in May 2020. 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. performance, so that we may improve our websites and your experience. GovExec Daily: Mental Health in the Workplace. intended if you do so. website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site The Combined Federal Campaign is slated to conclude Jan. 15. For more information about the Postal Service, visit usps.com and facts.usps.com. PAEA A cookie is a small piece of data (text file) that a website when visited by a Amazon November 2021 Postal Service Board of Governors. These non-GAAP measures provide meaningful information to assist users of the Postal Service's financial statements in more fully understanding the financial results and assessing the Postal Service's ongoing performance because they exclude items that may not be indicative of, or are unrelated to, underlying operations. For more information, please see our 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 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. } NAPS use third-party cookies which are cookies from a domain different than the domain of the website you are They do not store directly personal information, but are based on uniquely identifying your browser and 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. REC 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. PRC 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. #MAGABomber March 2018 A U.S. 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. Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the to learn more. NRLCA You VERAs. More specifically, we use cookies and other tracking Applicants can even have their passport photo taken at the event for $15. A third tool, the reduction-in-force, "RIF," is less commonly used but can be deployed to achieve. 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. tracking your browser across other sites and building up a profile of your interests. Social media cookies are set by a range of social media services that we have USPS.com is the website for the United States Postal Service. July 2021 September 2022 Bernie Sanders 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. privatization September 2020 WASHINGTON - The U.S. This is 4 hours for full time employees. 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