Clerks, Mail Handlers, Custodians, Maintenance Operations Support Clerks and EAS in Select Offices to Receive Early Out Notices
Bay-Valley District -OaklandFor the following offices only: Oakland P & DC, SF NDC, District Cusotmer Service, Antioch, Berkeley, Brentwood, Carmel, Concord, Cupertino, Danville, El Cerrito, Fairfield, Hayward, Hollister, Lafayette, NAPA, Newark, Oakland PO , Pittsburg, PLeasanton, Richmond, Salinas PO, San Leandro, Santa Clara, Saratoga, Union City, Vallejo, Walnut Creek and Watsonville.
San Francisco District: This week, April 5 – 9, annuity estimates and Voluntary Early Retirement (VERA) offers are being mailed to approximately 1,000 VERA eligible employees in the San Francisco District. The notices are being sent ONLY to Clerks, Mail Handlers, Custodians, Maintenance Operations Support Clerks and EAS employees who are domiciled south of the Golden Gate Bridge. North Bay and Northern California employees WILL NOT receive a VERA offer in the mail.
USPS has announced that it is offering early out retirement only to employees in selected offices. Postal facilities on the list have been notified and will schedule a stand-up very soon with employees.
VER is being offered to Clerks, Mail Handlers, Custodians and EAS employees.
You may retire if you meet the age and service requirement shown below:
- Age 50 with 20 years of Service
- Any age with 25 years of Service
Shared Services will be mailing out letters and annuity estimates from April 5-13 to VER-eligible employees. VER retirement application deadline and irrevocable date will be May 21, 2010. The effective date is June 2010. There is no incentive with this early out retirement offer.
Civil Service Retirement system (CSRS): Your annuity benefit will be reduced by 2% for each year (1/6% per month) that you are under age 55 on date of retirement and the reduction is permanent.
Federal Employees Retirement System: If you meet the above requirements, your annuity benefit will not be reduced with age. Special Retirement Supplements are payable until age 62 when you reach the minimum retirement age (55-57). Social Security benefits begin when you reach age 62.
Copy oif Notice from San Francisco District