GET ON WITH IT
Something doesn’t add up. Congress has introduced legislation authorizing the use of the retirement overpayment as incentives for eligible employees to retire. The postmaster general repeatedly tells everyone who will listen that he plans to reduce the work force through voluntary retirements without replacing the employees, while tens of thousands of eligible employees who meet the retirement eligibility await the announcement that incentives are being offered. Yet, the USPS’ revenue is not sufficient to meet its expenses. OK, if all of these things are true, why hasn’t the Postal Service offered incentives to reduce the compliment? Natural attrition has slowed to a trickle as normal retirement has been deferred awaiting the incentive. An employee would be foolish to retire without an incentive, if it is expected that shortly they will be entitled to $25,000 extra for doing what they plan to do.
The normal excuse of the Postal Service not having the funds to pay the incentive does not make sense because they have enough money to continue paying the employees every two weeks in an amount that is four times the incentive that is being considered. It is clearly contradictory that they can continue to pay the employees who are waiting to retire $60,000 a year because they cannot afford to pay the employees $12,500 in 2012 and 2013. Added together, the Postal Service is willing to pay these employees $120,000 over a two year period instead of $25,000.to incentivizes them to retire. The math just does not add up.
Assuming that the Postal Service uses available resources as an excuse to delay paying the incentives, it won’t wash. It is obvious that they have more than sufficient resources because they continue to meet the bi-weekly payroll. The simple fact is, if they have a financial problem they cannot afford “not to pay” the incentive(s) as soon as possible and cut their losses.
If the issue is service and the removal of X number of employees from the rolls will adversely affect 1, 2 and 3 day delivery, this will not change when and if Congress passes legislation. Either they need 550,000 employees to process, transport and deliver the declining volume or they do not. If they can get by with 30,000 fewer employees, they save big bucks by reducing the complement as soon as possible. Delaying the incentive(s) will not result in some employees retiring and missing the opportunity of receiving free money. The simple logic is “get on with it.”