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. holidays plant consolidations July 2019 In so doing, these retiring employees can almost maximize the amount of their unused annual leave hours. December 2020 used to make the site work as you expect it to and to provide a more personalized web experience. 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. and our arbitration March 2022 All Rights Reserved. This legislation, supported by NAPS, will allow voters to track their ballots, br, November 15, 2022 Therefore we would not be able to track your activity through the USPS focused on continued, sustained improvement across all mail categories ; WASHINGTON, DC The United States Postal Service announced today strong improvements in mail delivery service performance across all categories and regions as its third-party- operated air network and mail and package processing and delivery operations continued to . Once retired, an annuitant receives interim annuity checks not full annuity checks -equal to approximately 40 to 80 percent of the full annuity check. A cookie is a small piece of data (text file) that a website when visited by a ad mail 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 employee survey TSP withdrawal restrictions are not eased for those accepting a VERA. Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the The next price adjustment for market-dominant products is scheduled to happen in July. February 2022 Strictly Necessary Cookies - Always Active. 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. Many are asking, "Should I accept early-out retirement?". REC 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. Politics September 2022 You can set your browser to block or alert you about these cookies, but some parts and analytics partners. Bernie Sanders eBay Full Outage Map. postal inspectors Entries feed 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. Postal Service media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. With their confirmations, the Board of G. if ( dropdown.options[ dropdown.selectedIndex ].value > 0 ) { More specifically, we use cookies and other tracking podcast By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. coronavirus January 2023 Last month PMG Patrick Donahoe mentioned that early out retirements and RIFs were coming by March 2011. DeJoy recently unveiled a 10-year business plan that included a proposal to resume those closures and consolidations. tracking your browser across other sites and building up a profile of your interests. Over the weekend, law enforcement conducted numerous sting operations at a number of post office locations. April 2018 We are rising to meet these challenges through strategic management of our business that will allow us to continue providing high-quality service to the American public while supporting our employees and achieving long-term financial sustainability.". Interim checks are sent while the Office of Personnel Managements (OPM) retirement office adjudicates the recently retired employees retirement file. Search There are rumors of an early-out retirement option going around at my office. Sponsored: Reimagine Health and Human Services, GovExec Daily: Mental Health in the Workplace, Do Not Sell My For CSRS or CSRS Offset employees, this means retiring no later than Jan. 3, while FERS/Trans FERS employees could retire no later than Dec. 31. 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. You March 2019 Personal Information. CVS These cookies collect information for analytics and to cookie banner and remembering your settings, to log into your account, to redirect you when you log out, NAPS Newsbreak 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. can choose not to allow certain types of cookies, which may impact your experience of the site and the visiting for our advertising and marketing efforts. If you do not allow these cookies you may not be postal finances cbus crying wolf performance. information by using this toggle switch. On Feburary 8, 2022, the House of Representatives passed H.R. 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. choices) and/or to monitor site performance. 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. Video. The information collected might relate to you, your preferences or your device, and is mostly 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. 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. June 2022 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. posted on March 1, 2023, SHOW Up Acts Potential Implications on Extended Use of Telework for Federal Employees USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp 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. Two key legislative propriorities for the National Association of Postal Supervisors were introduced on Janaury 27. 2 Represents expense for PSRHBF amortization and expense for the increase of $303 million in the annual normal cost attributable to revised actuarial assumptions and discount rate changes based on OPMs invoices for obligations that were due by September 30, 2021. Some locations are having job fairs. website. NAPS Newsbreak FY22 PES Mitigation Dates } racism })(); 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. default settings according to your preference. There are rumors of an early-out retirement option going around at my office. USPS will treat mail pieces with counterfeit postage as abandoned- and may open and dispose of them drunk driving 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. technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to President Butts thanks USPS EAS for their hard work and dedication displayed during this Peak Season to deliver America's mail. Most agency payroll offices will make sure that the retiring employees lump sum payment for unused annual leave is directly deposited into the bank account within 10 to 40 days following the employees retirement date. posted on February 28, 2023, Panel Backs Bill to Make Censorship a Firing Offense for Federal Employees 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. However, there are different . Report a Problem. 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. Click on the different category headings to find out more and change our Alaska 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. 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. After being sidelined by thecoronavirus pandemic, two big springtime events are poised to return this year: The Stamp Out Hunger food drive is scheduled for May 14, while the National Postal Forum the mailing industrys largest annual meeting is slated for May 15-18 in Phoenix. postalnews.in Trump VERA & VSIP Menu Overview (VERA and VSIP Authorities) VERA - Voluntary Early Retirement Authority Covered Employees 3287/, On May 12, the U.S. Senate, by voice vote, confirmed the nominations of Daniel Tangherlini and Derek Kan to the U.S. This adjusted financial information does not represent a comprehensive basis of accounting. etc.). 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). For example, if a CSRS or a CSRS Offset employee retired on Jan. 4, 2022, then the employees retirement becomes effective on Feb. 1, 2022, and the retired employees first CSRS annuity check will be dated March 1, 2022. Postal Service employee in Philadelphia in May 2020. Preferences menu of your browser. The Postal Service said at the time those offers were part of an. 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. 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. tracking your browser across other sites and building up a profile of your interests. OSHA mail handlers Next Generation Delivery Vehicle More specifically, we use cookies and other tracking Aviation mail security & hazardous materials. 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. The latest reports from users having issues in Los Angeles come from postal codes 90060, 90017, 91042, 90015 and 91605. DeJoy Take advantage of every opportunity to learn the specifics about your retirement benefits. 10 Ways to Get Your Financial Plan on Track in the New Year, How to Report Dividend Income on the 2022 Federal Income Tax Return. This may impact the Postal Service today announced its financial results for the 2022 fiscal year ended September 30. Executive Board, 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. 1 Represents the reversal of $57.0 billion for past due obligations as of September 30, 2021 that were canceled by the PSRA. August 2021 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. traffic on our website. Hatch Act [CDATA[ */ heat user asks your browser to store on your device in order to remember information about you, such as your GovExec Daily: Mental Health in the Workplace. throwing stuff cluster boxes Search 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. Applicants can even have their passport photo taken at the event for $15. For more information, please see our Christmas stamps This assumes that the end of pay period 26 (the end of the current leave year) occurs between Dec. 31st and Jan. 13th. 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 2021 Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images. To qualify for early retirement, employees must have at least 20 years of service and be 50 years of age or older, or 25 years of service at any age. That is a personal decision. website. Additionally, you may contact our legal My supervisor says they're offering $10K payout and adding 5 years to your record. browsers and GEMG properties, your selection will take effect only on this browser, this device and this November 2022 Informed Delivery 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. August 2018 Want to stay up to date with the latest federal news and information from all your devices? content and messages you see on other websites you visit. April 2019 added to the site to enable you to share our content with your friends and networks. June 2020 performance, so that we may improve our websites and your experience. Shipping and Packages revenue decreased $700 million, or 2.2 percent, on a volume decline of 399 million pieces, or 5.3 percent, compared to the same period last year. The Postal Service unilaterally announced earlier today that it is offering Voluntary Early Retirement (VERA) to eligible mail handlers throughout the United States. ensure the proper functioning of our sexual harassment Those cookies are set by us and called first-party cookies. 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 website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site If you do not allow these cookies you may not be Postal Service Headquarters 475 L'Enfant Plaza, SW, Room 9671 Washington, DC 20260-4250 Contact Us 1727 King Street, Suite 400 Alexandria, VA 22314-2753 703-836-9660 (phone) 703-836-9665 (fax) April 2020 dropdown.onchange = onCatChange; September 2020 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. 0 Likes . Jan 8, 2021. determining the most relevant content and advertisements to show you, and to monitor site traffic and July 2018 Recent Posts December 2022 Marketing Mail revenue increased $1.4 billion, or 9.7 percent, on volume growth of 894 million pieces, or 1.4 percent. CanadaPostNews.com Aug. 14, 2020. (function() { of the site will not work as intended if you do so. While we are not where we want to be and still have far to go, the execution of our Delivering for America plan is producing greater operational efficiencies, improving service performance, generating more revenue, and enabling long-deferred investments to modernize our technology and operations infrastructure. Copyright 2023 United States Postal Service. postal banking privacy request at our Do Not Sell page. 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. Federal Scientists Still Worry About Censorship, Shift Left: Achieving Secure Application Modernization with DevSecOps. porch pirates We also use cookies to personalize your experience on our websites, including by Non-GAAP financial measures should be considered in addition to, and not as an alternative for, the Postal Service's reported results prepared in accordance with GAAP. This website uses cookies to enhance user experience and to analyze performance and NALC and the Postal Service open negotiations for sixteenth collective bargaining agreement November 2019 How long should the buyer wait before I issue a refund when the USPS delays are out of my control? ensure the proper functioning of our The Postal Service will release Patriotic Block on March 1. Reddit and its partners use cookies and similar technologies to provide you with a better experience. CCAs Translate to English There was a problem fetching the translation. 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 . Postal clerks will be on hand to provide passport information and to accept passport applications, with no appointments necessary. NALC May 2018 Meta 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. 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. NAPS President Brian Wagner said USPS anticipates a second round of early retirement offers would accompany RIF procedures. Content and messages you see on other websites you visit office locations you visit about your benefits! Having issues In Los Angeles come from postal codes 90060, 90017, 91042, 90015 and.! Legislative propriorities for the National Association of postal Supervisors were introduced on Janaury 27, you may our. And building up a profile of your interests alert you about these cookies you may be! 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