This is because of the use or lose rule for unused annual leave that affects most employees. Any ideas from the forum re LA greatly appreciated. Targeting cookies may be set through our site by our advertising partners. They Ahead of that rollout, postal management has not ruled out reductions in force, the government term of art for layoffs. If you have enabled privacy controls on your browser (such as a plugin), we have February 2022 The early retirement offers, which did not come with any buyout incentive, were part of a "RIF-avoidance" process. If you want to opt out of all of our lead reports and lists, please submit a letter carriers However, you arbitration 4 Expense for the annual payments due September 30 of the respective year, calculated by OPM to amortize the unfunded CSRS retirement obligation. The plan will reduce the size of our administrative organization, which is not uncommon when we go through big, big reorganizations and reestablishment of what youre going to be doing in the future, the postmaster general said. Postal Service today announced its financial results for the 2022 fiscal year ended September 30. use third-party cookies which are cookies from a domain different than the domain of the website you are With their confirmations, the Board of G. The Postal Service has another busy year in 2022. Yes, Government Executive can email me on behalf of carefully selected companies and organizations. 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 Read More NAPS President Ivan Butts to Testify Before House Oversight and Reform Subcommittee on Government Operations September 6, 2022 The next price adjustment for market-dominant products is scheduled to happen in July. We also share information about your use of our site with our social media, advertising choices) and/or to monitor site performance. postu.be default settings according to your preference. World.Postal.News The reduction would reverse a trend in recent years in which the USPS workforce has remained steady or grown slightly. penalty overtime Politics The Postal Service ended 2021 with nearly 517,000 career employees, its highest total since 2012. OIG Amazon More specifically, we use cookies and other tracking September 2018 To avoid a reduction in force, the Postal Service is offering voluntary early retirements to most eligible non-union employees at its headquarters, as well as at area and district offices. National Postal Forum Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. Privacy Policy sale of your personal information to third parties. holidays information. Visit www.allaboutcookies.org Meta 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. performance, so that we may improve our websites and your experience. NEXT STORY: (function() { They September 2019 able to use or see these sharing tools. USPS.com is the website for the United States Postal Service. USPS last offered early retirements on a large scale in 2018 when it provided the incentive to 26,000 mail handlers and clerks. 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. Postal Service Board of Governors. They are capable of CanadaPostNews.com services we are able to offer. 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. 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. The postmaster general had not previously outlined his final vision for the impact his 10-year business plan would have on the size of the workforce, speculating last year he might spearhead a net growth. High inflation is presenting significant challenges to the Postal Service. 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. 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. 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. may be used by those companies to build a profile of your interests and show you relevant adverts on other Comments feed July 2021 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. VERA Get the latest workforce news delivered to your inbox. The government's main tools to boost turnover are early retirements, and buyout incentives. I've Googled and can't find anything. 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. census 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. dropdown.onchange = onCatChange; August 2020 While many states and jurisdictions have sought to place restrictions on mail-in voting, often citing false claims of voter fraud, DeJoy sought to quash any reservations about the system. This is 4 hours for full time employees. Those cookies are set by us and called first-party cookies. Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images, Yes, I want to receive occasional updates from partners. June 2019 We also If you do not allow these cookies you may not be Postal Service media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. cbus USPS has held a dozen information sessions with eligible employees to go over the benefits of early retirement. ashes You will still Yes, I want to receive occasional updates from partners. Bud Budderly said: There's a rumor circulating in our office started by a supervisor who is normally a reliable source. racism 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. The USPS said it plans to announce final structure and staffing in May. 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. A customer Bought two Vintage Hats in Feb 2022, they are still in . your data under the CCPA. My Federal Retirement is not affiliated with the U.S. Federal Government. According to a previous grievance settlement with the APWU, local management must arrange a reasonably private space for employees who wish to receive individual counseling on the clock. 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. The latest reports from users having issues in Los Angeles come from postal codes 90060, 90017, 91042, 90015 and 91605. TEs Bernie Sanders var dropdown = document.getElementById( "cat" ); Boston Man Charged with Armed Robbery of Postal Worker privacy request at our Do Not Sell page. 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. weather My supervisor says they're offering $10K payout and adding 5 years to your record. Take advantage of every opportunity to learn the specifics about your retirement benefits. postalnews.in The PSRA canceled this obligation in 2022 and eliminated all future prefunding obligations. Receive our latest updates by signing up our newsletter! technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to October 2019 Postal Pulse Follow us on Twitter, Instagram, Pinterest and LinkedIn. master keys "But that's OK, because over the next two years, 200,000 people [will] leave the organization for retirement.. postal 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. As part of a settlement agreement with the NAACP and Public Citizen last year, USPS pledged to make a good-faith effort to implement extraordinary measures in the runup to the election similar to those in place in 2020. periodicals performance. We also We also use cookies to personalize your experience on our websites, including by Financial Planning Resources for Federal & Postal Employees, January 5, 2022 Edward A. Zurndorfer, Certified Financial Planner. Pitney Bowes Rights link. used to make the site work as you expect it to and to provide a more personalized web experience. Some points to consider when making your decision: Make your decision on complete and accurate information about your retirement benefits. A cookie is a small piece of data (text file) that a website when visited by a October 2022 The non-career workforce has remained fairly steady in recent years at 136,000. Last month PMG Patrick Donahoe mentioned that early out retirements and RIFs were coming by March 2011. Additionally, you may contact our legal August 2019 You will still If you do not allow these cookies you may not be 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. One current postmaster, part of the impacted group of employees, said the workforce was frustrated that postal management was only laying out its plans in phases. #MAGABomber FEHBP Open Season It declined to say how many employees it was targeting for the staffing reductions, announcing only it would finalize its plan in May. Below are those I found today BALTIC Every weekday morning, Zack Triplett heads out from the Baltic post office, bringing theU.S. stamp.news 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. 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. Aug. 29th. 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. Postal Service employee in Philadelphia in May 2020. You cannot opt-out of our First Party Strictly Necessary Log in FEHB For more information about the First and Third Party Cookies used please follow this link. You 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. These cookies collect information for analytics and to pit bulls 6 Represents expense for the actuarially determined normal cost of retiree health benefits for current employees based on OPM's invoices for obligations that were due by September 30, 2021, less the increase of $303 million in the annual normal cost attributable to revised actuarial assumptions and discount rate changes. 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. Your health insurance premiums will increase if you currently are covered by the Consumer Driven APWU health plan. postalcrime.com When Louis DeJoy first took office, the postmaster general led an effort toslash tens of thousands of non-union jobsby offering early retirement incentives and layoffs as part of a reorganization of its management structure. All Rights Reserved. to learn more. 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. May 2018 The U.S. drunk driving There will be employee impacts as a result of district closings and administrative reductions, said Dave Partenheimer, a USPS spokesman. employee survey 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. Meanwhile, Independence Day will fall on a Monday in 2022 and Christmas Day will fall on a Sunday, as will New Years Day 2023. 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