They 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. Board Memo 030-2022: Mitigation FY22-Updated Timeline February 2023 June 2018 Mail truck fire in Wisconsin dropdown.parentNode.submit(); The non-career workforce has remained fairly steady in recent years at 136,000. 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. Pitney Bowes 594, focuses on providing EAS level postal employees wi, NAPS Headquarters has been officially notified that all exempt Postmasters level 22 and below and all exempt Station Managers of Customer Service will be entitled to additional pay should the. Employees must be at least 50 years old with 20 years of federal service, or any age with 25 years of service, to qualify for early retirement. In light of a nationwide surge in check fraud schemes targeting the U.S. Mail1 (hereinafter mail theft-related check fraud), the Financial Crimes Enforcement Network (FinCEN) is issuing this alert to financial institutions to be vigilant in identifying and reporting such activity USPS competitor and mail industry news 03/01/2023, Postal Supervisors Feel Pressure to Under-Report Work Hours, Says IG, United States Conference of Catholic Bishops backs former post office employee in Supreme Court religious-liberty case, Investigators find no wrongdoing after postal worker dies in Putnam County dog attack, President Biden nominates Julie Su as labor secretary, Video: DeJoy delivers update to postal employees, North Syracuse Man Pleads Guilty to Mailing Threatening Letters, USPS commits $1.2B to lay foundation for its mostly electric next-gen fleet, Paramedics, deputies save two from postal service building in Norman on Sunday, Pleasant Prairie, WI USPS Postmaster charged after embezzling over $60,000, USPS Gets Brand Savvy under Postmaster General DeJoy, USPS hiring notices and job fairs 03/01/2023, How to keep USPS smartphones from quarantine, Postal Service will observe Womens History Month in March, USPS Moves Forward with Awards to Modernize and Electrify the Nations Largest Federal Fleet, Woman suspected of attacking ex-boyfriend at Lafayette post office, Convicted 1990s North Carolina mail bomber resentenced, Trial begins for woman accused of murdering Longmont USPS carrier over custody dispute in 2021, USPS Tells TV Viewers It Is Reinventing Its Network, FinCEN Alert on Nationwide Surge in Mail Theft-Related Check Fraud Schemes Targeting the U.S. Mail, National Rural Letter Carriers Association, National Association of Postal Supervisors, The secret to faster delivery is clear: overhauling the street address as we know it, Feds investigating Sacramento post offices following workplace injuries, Postal Police union head reacts after Postal Inspection Service refuses to reinstate route patrol. porch pirates 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. The packet will include your annuity estimate (this is not a guarantee of what your annuity payments will be; OPM makes the final determination of your annuity, and it could be different than the estimated amount provided in your packet) and information about available benefits including eligibility, limits, and costs. dropdown.onchange = onCatChange; will not hand over your personal information to any third parties. LLV fires When you visit our website, we store cookies on your browser to collect Select Month to learn more. and analytics partners. CanadaPostNews.com post office closings 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. NARFE How long should the buyer wait before I issue a refund when the USPS delays are out of my control? 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. The Postal Service sent kits to election officials across the country in March to offer their recommendations for election mail policies and has maintained strike teams at the area and district levels to engage with those individuals. arbitration to learn more. performance, so that we may improve our websites and your experience. posted on February 28, 2023, Postal Supervisors Feel Pressure to Under-Report Work Hours, Says IG 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. A third tool, the reduction-in-force, "RIF," is less commonly used but can be deployed to achieve. cookie banner and remembering your settings, to log into your account, to redirect you when you log out, VERA Find your MRA using this. DeJoy A cookie is a small piece of data (text file) that a website when visited by a The specific employee impacts have not been determined at this time.. OPM At approximately 2200 EST on October 30, October 28, 2022 postmasters Visit www.allaboutcookies.org NAPUS [CDATA[ */ NAPS President Ivan . sexual harassment Rights link. see some advertising, regardless of your selection. internet device. good.postal.news dropdown.onchange = onSelectChange; postalnews.in All rights reserved. USPS has held a dozen information sessions with eligible employees to go over the benefits of early retirement. May 2020 racism visiting for our advertising and marketing efforts. USPS first announced it would offer voluntary early retirement to eligible non-bargaining unit workers in early March. eBay In phase one of the restructuring, announced last August, DeJoy reshuffled USPS executives and realigned the agency to focus on three lines of effort retail and delivery operations, logistics and processing, and commerce and business solutions. (function() { REC WordPress.org, Postal Service Issues Nonprofit Butterfly Garden Flower Stamps, Boston Man Charged with Armed Robbery of Postal Worker, USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp, NALC and the Postal Service open negotiations for sixteenth collective bargaining agreement, USPS will treat mail pieces with counterfeit postage as abandoned- and may open and dispose of them. Ahead of that rollout, postal management has not ruled out reductions in force, the government term of art for layoffs. OIG The offers were precipitated by a consolidation of USPS 67 districts into 50. information. 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. 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. If you want to opt out of all of our lead reports and lists, please submit a Any announcement on plans to request or offer voluntary early retirement must come from the USPS. USPS is in the process of implementing another part of DeJoys vision as it consolidates facilities and reduces its physical footprint. Many are asking, "Should I accept early-out retirement?". More than 20,000 early retirements and buyouts at the Postal Service earlier this year also slowed the agency's momentum, said OPM's Ken Zawodny in an interview with Government Executive, but "the sequester and loss of overtime is what derailed it." Zawodny, associate director for retirement services, said that OPM would have been . Postal Pulse Amazon crying wolf The following is unverified information floating around the internet: from a NAPS AVP: OPM approved United States Postal Service VERA and Retirement Processing for 80,000 eligible Civil Service and Federal Employee Retirement Service employees. language preference or login information. For CSRS or CSRS Offset employees, the best day of the month to retire is within the last three days of the current month or the first three days of the following month. May 2019 These cookies are not used in a way that constitutes a sale of your data under the CCPA. 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. PAEA information by using this toggle switch. October 2020 intended if you do so. BOG tracking your browser across other sites and building up a profile of your interests. My supervisor says they're offering $10K payout and adding 5 years to your record. Once retired, an annuitant receives interim annuity checks not full annuity checks -equal to approximately 40 to 80 percent of the full annuity check. 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 . In particular, most employees cannot carry over more than 240 hours of unused annual leave into the new leave year. Teamsters With an early retirement you cant make additional contributions to TSP or receive employer contributions as you would with continued employment. These cookies collect information for analytics and to I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. 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. department for further clarification about your rights as a California consumer by using this Exercise My However, you Select Category President Butts thanks USPS EAS for their hard work and dedication displayed during this Peak Season to deliver America's mail. Terms of Service That's because many people think that buyouts (VSIPs in government lingo) and VERAs (early retirement) go hand in hand. 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. For employees in the Civil Service Retirement System, the annuity is reduced 2 percent for each year workers are un- der age 55. 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. website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site weather Your spouse can participate in the counseling session(s). CVS When you visit our website, we store cookies on your browser to collect May 2022 Applicants can even have their passport photo taken at the event for $15. } May 2018 Partenheimer declined to comment on whether RIFs could be forthcoming. July 2020 For FERS and Trans FERS employees, the best day of the month to retire is within the last three days of the month. ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy For U.S. services we are able to offer. letter carriers 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. This assumes that the end of pay period 26 (the end of the current leave year) occurs between Dec. 31st and Jan. 13th. DISCLAIMER: The information presented on MyFederalRetirement.com is provided for general information purposes. service standards The PSRA canceled this obligation and eliminated all future prefunding obligations. personalize your experience with targeted ads. He added, however, the agencys high turnover rates will likely highlight areas for efficiencies. Alexandria, VA 22314-2753 rate adjustment postal performance. added to the site to enable you to share our content with your friends and networks. April 2019 If a CSRS or a CSRS Offset employee retires on the 4th through the last day of any month, then the employees retirement becomes effective the first day of the following month with the first annuity check dated the first day of the month thereafter. 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. 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. Postal Service employees. posted on February 28, 2023, Panel Backs Bill to Make Censorship a Firing Offense for Federal Employees EEO A customer Bought two Vintage Hats in Feb 2022, they are still in . 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. 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 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. They do not store directly personal information, but are based on uniquely identifying your browser and 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 . 4 Expense for the annual payments due September 30 of the respective year, calculated by OPM to amortize the unfunded CSRS retirement obligation. High inflation is presenting significant challenges to the Postal Service. Entries feed can choose not to allow certain types of cookies, which may impact your experience of the site and the June 2022 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. master keys 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. Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the heat CanadaPostNews.com Christmas OSHA Aviation mail security & hazardous materials. Report a Problem. performance. NRLCA 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. /* 0 ) { cookies (and the associated sale of your Personal Information) by using this toggle switch. We also Cookie Notice January 2020 Two key legislative propriorities for the National Association of Postal Supervisors were introduced on Janaury 27. 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