Postmasters will be impacted by the suspension of the awards program for employee recognition and incentive awards
NAPUS has been informed by Postal Headquarters officials that Postmasters were not included in the recently announced freeze on Postal Service officer and executive compensation, as it relates to the Postal Service’s pay-for-performance program. Postmasters will be impacted by the suspension of the awards program for employee recognition and incentive awards, which will be suspended until further notice.
The July 1st announcement by the Postal Service was the second in a series of cash conservation initiatives which are designed to cut spending during these extremely difficult times. On June 24th, the Postal Service instituted a cash conservation plan to suspend contributions to the Federal Employees’ Retirement System (FERS.) The suspension of payments to FERS will not impact employees and should free up about $800 million this fiscal year.
USPS officials re-emphasized the need for Congress to enact legislation to eliminate the current mandates requiring retiree health benefit pre-payments and to allow them access to CSRS and FERS overpayments. Postal leaders also requested authorization to determine the frequency of mail delivery.
July 5, 2011