ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy 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. A U.S. You This website uses cookies to enhance user experience and to analyze performance and internet device. Preferences menu of your browser. posted on February 28, 2023, Postal Supervisors Feel Pressure to Under-Report Work Hours, Says IG The first bill, H.R. They do not store directly personal information, but are based on uniquely identifying your browser and 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. February 2020 USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp safety September 2020 information. For more information about the First and Third Party Cookies used please follow this link. CVS 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. We will follow long-established, responsible processes for managing through transitions, providing options for our people to take on new or changing responsibilities, and to pursue career opportunities within the Postal Service. retirement 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. Cookies Policy. GAO Cookie Notice February 2021 dogs Retiring employees who have more than 240 hours of unused annual leave towards the end of the leave year do not want to retire after the start of the new leave year. Archives Archives Visit www.allaboutcookies.org Click on the different category headings to find out more and change our posted on March 1, 2023, SHOW Up Acts Potential Implications on Extended Use of Telework for Federal Employees May 2019 December 2017 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. Politics Meanwhile, Independence Day will fall on a Monday in 2022 and Christmas Day will fall on a Sunday, as will New Years Day 2023. 3 Represents workers' compensation non-cash benefit resulting from fluctuations in discount rates, changes in assumptions, valuation of new claims, revaluation of existing claims, and the administrative fee paid to DOL, less current year claim payments. browser. website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site 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. 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). use third-party cookies which are cookies from a domain different than the domain of the website you are 3287/, On May 12, the U.S. Senate, by voice vote, confirmed the nominations of Daniel Tangherlini and Derek Kan to the U.S. Under FERS you will not receive Cost of Living Allowances (COLAs) on your annuity until age 62. PRC used to make the site work as you expect it to and to provide a more personalized web experience. LLV fires As of now there is no financial incentive to retire early, unlike the 2009 and 2012 VERAs, where incentives were negotiated with the APWU. information. Boston Man Charged with Armed Robbery of Postal Worker This website uses cookies to enhance user experience and to analyze performance and postalcrime.com In particular, they are maximizing the carryover from the previous leave year of 240 hours (assuming they are not Senior Executive Service employees or employees who worked overseas who have a higher carryover annual leave limit from one leave year to the next) plus assuming they are not using any annual leave in the current leave year and retiring at the end of the leave year, they can get paid for as many as 448 hours of unused annual leave (240 hour carryover and in the current leave year, accruing 8 hours each pay period for 26 pay periods or 208 hours and not using any annual leave hours) (if retiring before the end of pay period 26 such as December 31, 2021, accruing 200 hours of annual leave hours and not accruing any leave hours in pay period 26) . This is because most retiring employees will not be in receipt of their first full CSRS or FERS annuity check until at least two months after they retire. NAPS Newsbreak FY22 PES Mitigation Dates They do not store directly personal information, but are based on uniquely identifying your browser and Informed Delivery Copyright 2023 United States Postal Service. POStPlan I've Googled and can't find anything. TEs Additionally, you may contact our legal Much will depend on how many employees accept the early retirement offers, as well as how the Postal Services final structure and staffing plan takes shape next month. Partenheimer declined to comment on whether RIFs could be forthcoming. You Postal Service Headquarters 475 L'Enfant Plaza, SW, Room 9671 Washington, DC 20260-4250 Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the Board Memo 030-2022: Mitigation FY22-Updated Timeline August 2021 language preference or login information. August 2018 CanadaPostNews.com cookie banner and remembering your settings, to log into your account, to redirect you when you log out, AFGE 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. These cookies are not used in a way that constitutes a sale of your data under the CCPA. department for further clarification about your rights as a California consumer by using this Exercise My 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. LITTLE ROCK - 2/22/23 - Four individuals have been charged by federal criminal complaint for their alleged involvement in stealing mail from blue postal collection boxes in central Arkansas. All rights reserved. The early retirement offers, which did not come with any buyout incentive, were part of a "RIF-avoidance" process. If you do not allow these cookies, you will experience less targeted advertising. May 2018 VER to learn more. The newest federal holiday, Juneteenth, commemorating the end of slavery in the United States, falls on a Sunday this year, so USPS and other federal agencies will observe the holiday on June 20. NRP Any ideas from the forum re LA greatly appreciated. Hatch Act November 2022 February 2022 Personal Information. If you have enabled privacy controls on your browser (such as a plugin), we have user asks your browser to store on your device in order to remember information about you, such as your November 2018 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. tracking your browser across other sites and building up a profile of your interests. Visit www.allaboutcookies.org postal finances For more information, please read our Terms of Service. privacy request at our Do Not Sell page. The buzz is that there will be an announcement on January 16 of a VERA (Voluntary Early Retirement Authority) offer made to ALL crafts that includes a 5-year incentive. June 2020 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. Your life insurance coverage (FEGLI) may change. mail handlers The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. postal inspectors The State Attorneys Office told the I-TEAM that it is not filing charges against the dog owner, while an OSHA investigation did not result in any safety violations. Bud Budderly said: There's a rumor circulating in our office started by a supervisor who is normally a reliable source. browser. performance, so that we may improve our websites and your experience. In a press conference last week, Postmaster General Louis DeJoy gave a hint as to the Postal Services goals. Select Month Trump postal reform dropdown.onchange = onSelectChange; The next price adjustment for market-dominant products is scheduled to happen in July. postal banking 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. Ahead of that rollout, postal management has not ruled out reductions in force, the government term of art for layoffs. Anyone considering the early-out offer needs to study the packet. A cookie is a small piece of data (text file) that a website when visited by a The PSRA canceled this obligation in 2022 and eliminated all future prefunding obligations. Why Deny Hazard Pay For Feds Forced To Take COVID Risks? October 2021 election mail /* ]]> */ Alexandria, VA 22314-2753 APWU Search If you want to opt out of all of our lead reports and lists, please submit a postu.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 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. Forward-looking statements contained in this release represent the Postal Service's best estimates of known and anticipated trends believed relevant to future operations. 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. When DeJoy first took office, the postmaster general led an effort toslash tens of thousands of non-union jobs by offering early retirement incentives and layoffs as part of a reorganization of its management structure. The lump sum payment will be directly deposited into the same bank account that a retiring employees regular paychecks were directly deposited during the months preceding the employees retirement date. 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. Royal Mail 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. NARFE All rights reserved. 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 offices as part of its latest reorganization steps. However, you Postal Service media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. } NAPS President Brian Wagner said USPS anticipates a second round of early retirement offers would accompany RIF procedures. 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