APWU, USPS Hold Informal Discussions on Early-Outs, Incentives

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 Offers $15,000 Early Out Incentive To Mail Handlers

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 […]

Bring On the Postal Early Out – With Incentives

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 […]

Video: USPS may resort to buyouts, early retirements to Reduce Staffing

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 […]

Tennessee Congressman to Super Committee: Stop Early Retirements

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. 

USPS Wants to Offer Eligible Postal Workers Early Retirement?

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. 

NAPUS President Discusses Early Outs and Incentives in Meeting With PMG

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 […]

Editorial: Update – Does the Postal Service Really Want Early Retirements?

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 […]

Burrus: It’s Time For USPS To Consider Offering Healthy Retirement Incentive

Perhaps it is time for the Postal Service to consider offering a healthy incentive for APWU represented employees to retire. The wage difference between a Grade 6 Step 0 employee and a newly hired replacement is $18,000 per year ($53,102 vs. $35,182) so for every 1000 employees replaced, the Postal Service saves 18 million dollars […]