OPM backlog affecting recent postal retiree. Mt. Vernon, OH — A Mt. Vernon veteran who devoted three decades to the U.S. Postal Service as a mail carrier says he is now receiving only about half his pension check from the federal government. Jon Minard served in Vietnam, losing an eye to a grenade, before […]
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, […]
Federal retirees will receive a cost-of-living adjustment (COLA) to their civil service annuities beginning in January 2012. Retirees in the Civil Service Retirement System (CSRS) will receive a 3.6 percent increase to their annuities, while retirees in the Federal Employee Retirement System (FERS) will receive a 2.6 percent increase to their annuities. To trigger a […]
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.
Congressmen Darrell Issa and Dennis Ross’ amendment to its Postal Reform bill will require USPS to “separate” all retirement eligible employees prior to laying off any workers not yet eligible for a pension, and to “separate” the most senior of them first:
PR: Issa/Ross Postal Reform Bill Will Include Amendment To Boot Out Retirement-Eligible Postal Workers From the National Association of Postmasters of the US: Postal Subcommittee to Vote on HR 2309 On Wednesday, the House Subcommittee on the Federal Workforce, the Postal Service and Labor Policy will take up Rep. Darrell Issa’s (R-CA) postal legislation, HR […]
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 […]
But…. From the Office Of Inspector General: The single largest Postal Service expense after compensation is purchased transportation. In 2010, the Postal Service spent $5.9 billion moving mail between cities with contracted highway, air, rail, and water transportation. Overall, offering more early retirements for eligible employees would create additional cost savings. For retiree health benefits, […]
A coalition of federal and postal employee organizations wrote a letter to President Barack Obama urging him to reject proposals aimed at the federal workforce. The groups major concern is the proposal to require federal employees to contribute a much higher share towards their retirement annuity which in effect is a pay cut.