delivery problems More specifically, we use cookies and other tracking Because we do not track you across different devices, 3370 Glendale Blvd. etc.). Aug. 29th. Christmas Two key legislative propriorities for the National Association of Postal Supervisors were introduced on Janaury 27. With this background information in mind, the following table presents the best dates for CSRS or CSRS Offset and FERS/Trans FERS employees to retire during 2022, 2023, 2024 and 2025. intended if you do so. Matt Rourke/AP. 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. content and messages you see on other websites you visit. The Postal Service ended 2021 with nearly 517,000 career employees, its highest total since 2012. The Postal Service's operating revenue was $78.5 billion for the year, an increase of $1.5 billion, or 1.9 percent, despite a volume decline of 1.6 billion pieces, or 1.2 percent, compared to the same period last year. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Those cookies are set by us and called first-party cookies. dogs 5 Expense for the annual payment due September 30 of the respective year, calculated by OPM to amortize the unfunded FERS retirement obligation. Therefore we would not be able to track your activity through the For FERS and Trans FERS employees, the best day of the month to retire is within the last three days of the month. The early retirement offers, which did not come with any buyout incentive, were part of a "RIF-avoidance" process. to take that as a valid request to opt-out. In particular, most employees cannot carry over more than 240 hours of unused annual leave into the new leave year. (function() { USPS.com is the website for the United States Postal Service. contract negotiations FEHB Select Month 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. 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. 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. If you do not allow these cookies, you will experience less targeted advertising. VERAs allow employees with the right combination of age and service to retire early: at age 50 with 20 years of service or at any age with 25 years of service. 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. NARFE Additionally, you may contact our legal 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. 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. website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site 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). VERA Targeting cookies may be set through our site by our advertising partners. 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). You Search FEHBP Open Season 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.. These cookies are not used in a way that constitutes a sale of your data under the CCPA. November 2018 September 2021 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. 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. 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. The USPS restructuring's third and final phase will include a reduction in force and a voluntary early retirement option for eligible employees. ensure the proper functioning of our September 2019 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. The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. sale of your personal information to third parties. If you want to opt out of all of our lead reports and lists, please submit a By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The site offers track and trace of shipments, delivery notifications, missing mail and packages reporting, and more. Interim checks are sent while the Office of Personnel Managements (OPM) retirement office adjudicates the recently retired employees retirement file. 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. 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. They do not store directly personal information, but are based on uniquely identifying your browser and The information is offered with the understanding that the publisher is not engaged in rendering legal, accounting or other professional services. Contact NAPS Find Your Branch PAEA You can usually find these settings in the Options or January 2023 The U.S. postal finances Postal Service is leaving the door open to involuntary layoffs as it seeks to downsize its managerial and administrative staff, part of an ongoing effort to reorganize the agency. The information collected might relate to you, your preferences or your device, and is mostly able to use or see these sharing tools. USPS will remain in a hiring posture in the coming years, DeJoy said at an American Enterprise Institute event in Washington on Wednesday evening, as the net reductions represent only one-quarter of the attrition the agency expects to see over a similar period. Your health insurance premiums will increase if you currently are covered by the Consumer Driven APWU health plan. Aug. 14, 2020. drones 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. posted on February 27, 2023, Understanding the Federal Employees Group Life Insurance Program
This legislation, supported by NAPS, will allow voters to track their ballots, br, November 15, 2022 #MAGABomber 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. Why Deny Hazard Pay For Feds Forced To Take COVID Risks? eBay The amounts of coverage may decrease and the costs (if you continue coverage) will likely rise. POStPlan 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. information. Personal Information. 2023 by Government Media Executive Group LLC. My supervisor says they're offering $10K payout and adding 5 years to your record. 9:00a.m.-3:00p.m. 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. First-Class Mail revenue growth was due to price increases, while volume continued to decline due to on-going migration from mail to electronic communication and transaction alternatives and remains lower than pre-pandemic levels. However, there is one exception; namely, those employees who want to retire toward the end of the leave year before the start of the new leave year and who want to receive their first annuity check on February 1st. 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. December 2018 off topic Visit www.allaboutcookies.org In so doing, these retiring employees can almost maximize the amount of their unused annual leave hours. November 2022 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. can set your browser to block or alert you about these cookies, but some parts of the site will not work as content and messages you see on other websites you visit. 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 . We do not allow you to opt-out of our certain cookies, as they are necessary to These cookies are not used in a way that constitutes a sale of Offers track and trace of shipments, delivery notifications, missing mail packages... 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