postmasters They are capable of sale of your personal information to third parties. etc.). This thread is archived New comments cannot be posted and votes cannot be cast 5 18 USPS US Federal Government 18 comments Primer: Early out, buyout, reduction in force (RIF), OPM to Override Trump-Era Rules on Federal Employee Discipline, How Your FERS, Social Security and TSP Payments Get Taxed ESAS 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. #MAGABomber Before presenting the best dates to retire during 2022, 2023, 2024 and 2025, it is important to review some retirement rules and issues affecting employees covered by either the Civil Service Retirement System (CSRS) (including CSRS Offset employees) or employees covered by the Federal Employees Retirement System (FERS) (including "Trans" FERS magazines uniforms I've Googled and can't find anything. You can set your browser to block or alert you about these cookies, but some parts If you do not allow these cookies you may not be 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. GovExec Daily: Schedule F Might Be Coming Back. March 2019 We seem to be left in the dark this time around, the postmaster said. TSP withdrawal restrictions are not eased for those accepting a VERA. You will still They do not store directly personal information, but are based on uniquely identifying your browser and cluster boxes information by using this toggle switch. 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. Applicants can even have their passport photo taken at the event for $15. can choose not to allow certain types of cookies, which may impact your experience of the site and the USPS.com is the website for the United States Postal Service. Executive Board, July 2021 January 2020 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. April 2019 Get the latest workforce news delivered to your inbox. 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. Video. They Postal Service media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. October 2022 First-Class Mail revenue increased $772 million, or 3.3 percent, despite a volume decline of 1.7 billion pieces, or 3.4 percent, compared to the same period last year. USPS first announced it would offer voluntary early retirement to eligible non-bargaining unit workers in early March. Those cookies are set by us and called first-party cookies. weather Search More specifically, we use cookies and other tracking 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. technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to 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. 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. plant consolidations Visit www.allaboutcookies.org Payments are to be made over a 30-year rolling period based on OPM invoices. You may exercise your right to opt out of the sale of personal 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. The amounts of coverage may decrease and the costs (if you continue coverage) will likely rise. If you opt out we will not be able to offer you personalised ads and However, actual results may differ significantly from current estimates. AFGE If you are eligible for the VER, the USPS will be mailing you a packet on January 12th. 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). If you do not allow these cookies, you will experience less targeted advertising. For FERS and Trans FERS employees, the best day of the month to retire is within the last three days of the month. Postal Service employees. February 2023 NALC and the Postal Service open negotiations for sixteenth collective bargaining agreement If you do not allow these cookies you may not be 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. Comments feed Financial Planning Resources for Federal & Postal Employees, January 5, 2022 Edward A. Zurndorfer, Certified Financial Planner. Before presenting the best dates to retire during 2022, 2023, 2024 and 2025, it is important to review some retirement rules and issues affecting employees covered by either the Civil Service Retirement System (CSRS) (including CSRS Offset employees) or employees covered by the Federal Employees Retirement System (FERS) (including Trans FERS employees). cookie banner and remembering your settings, to log into your account, to redirect you when you log out, Bernie Sanders New comments cannot be posted and votes cannot be cast, Scan this QR code to download the app now. Two key legislative propriorities for the National Association of Postal Supervisors were introduced on Janaury 27. Additionally, you may contact our legal USPS will treat mail pieces with counterfeit postage as abandoned- and may open and dispose of them 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. crying wolf February 2019 NGDV 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. Click on the different category headings to find out more and change our I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. Meanwhile, Independence Day will fall on a Monday in 2022 and Christmas Day will fall on a Sunday, as will New Years Day 2023. postal banking July 28, 2022 Postal Service Elections The U.S. That is a personal decision. 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. 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. drunk driving November 2020 These forward-looking statements, which involve a number of risks and uncertainties, reflect current expectations regarding future events and operating performance as of the date of this report. 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. Los Angeles, CA 90039. FEHB 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. Why Deny Hazard Pay For Feds Forced To Take COVID Risks? Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images, Yes, I want to receive occasional updates from partners. 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