(November 28, 2014) There is probably one Voluntary Early Retirement (VER) offer for each area. This special VERA appears to be for the mail processing plants scheduled to close in 2015. There is no incentive. As a matter of general interest, HRSSC is sending special Voluntary Early Retirement (VER) opportunity letters to eligible employees USPS […]
APWU Web News Article 69-2012, June 4, 2012 The APWU has engaged in informal conversations with the Postal Service about financial incentives for retirements and separations, but no official offers have been made or discussed, union President Cliff Guffey reports. “We expect the Postal Service to make a formal request to negotiate over early-outs and […]
USPS is offering a Voluntary Early Retirement (VER) opportunity to employees represented by the National Postal Mail Handlers Union (NPMHU). In addition, USPS has reached an agreement with the NPMHU to offer a separation incentive to employees the organization represents. Earlier this month, USPS announced plans to move ahead with a modified plan to consolidate […]
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 […]
The U.S. Postal Service may resort to early retirements and buyout offers as a way to slash its staff by 66,000 employees this year and another 51,000 next year. Combined, the planned cuts over the next two years amount to more than one-fifth the agency’s workforce. Office of Personnel Management Director John Berry said Wednesday […]
APWU President Cliff Guffey told the delegates to the APWU National Presidents Conference in Las Vegas, NV today, I am certain there will be an early retirement offer for APWU members with incentives once the Postal Service fully complies with our demands.
The following is a press release from John J. Duncan, Jr. (R-TN 2nd district): Rep. John J. Duncan, Jr. in a letter this week urged the Congressional “Super Committee” tasked with finding trillions of dollars in savings in the federal budget to put a stop to early federal retirements.
As Don Cheney pointed out: With all the other commotion going on, most eligible postal employees have overlooked this. I’m amazed anyone would retire right now without waiting to see what comes out of Congress by November 18th, the new deadline for USPS to make its $5.5 billion payment.
From the National Association of Postmasters of the US (NAPUS): In yesterday’s monthly meeting with Postmaster General Patrick Donahoe, NAPUS President Bob Rapoza discussed Voluntary Early Retirements (VERs), Incentives and adding years of service as possibilities to help ease the financial burdens of the USPS. While many options are being considered as the Postal Service […]
A year ago I speculated in the PostalReporter News Blog, “In recent VERAs the Postal Service issued FERS annuity estimates that omitted the employee’s FERS annuity supplement. The FERS annuity supplement is often nearly equal to the basic annuity amount. Was that to discourage early retirements so they can justify weakening the no-layoff clause in […]