All APWU represented employees who are retirement eligible should consider delaying their retirement until the Postal Reform efforts have been concluded. Each of the legislative initiatives (Issa – Carper – Obama) includes the return of the $7 billion overpayment with authorization to use it for retirement incentives. Retroactivity is probably unachievable so to secure eligibility, employees should protect themselves. If the $7 billion is returned, postal management has an incentive to replace existing employees with new hires whose wages will be significantly less.
It is disingenuous to assert a concern for veterans returning from protecting our country after negotiating a contract reducing their salary by 40% or over $400,000 over their career and retirement in the very jobs that are reserved for veterans. I guess they should be happy to earn $16.00 per hour.