2,000 postal employees take $20,000 buyout offers

“More than 2,000 U.S. Postal Service administrators have signed up for an early-out deal that will give them $20,000 in return for leaving their financially struggling employer by the end of next month, a spokesman said Wednesday. Two thousand three employees applied by the Monday deadline, spokesman Mark Saunders said. .Their departures will account for […]

Deadline For USPS Special VER Incentive Offer Coming Soon

As the USPS organizational redesign moves forward, employees must be aware of key dates that may require action or that may signify important elements of the process. The first critical date is the opt-in deadline for the Special Incentive Offer for eligible employees, as described in the Incentive FAQs. All eligible employees who can leave […]

USPS Offering $20,000 Retirement Incentive To Some Management Employees

PMG ANNOUNCES REDESIGNED POSTAL SERVICE VOLUNTARY EARLY RETIREMENT, INCENTIVE PROGRAMS OFFERED Postmaster General Pat Donahoe today announced a newly redesigned Postal Service, one that is better positioned for growth, reflects further alignment within the organization to achieve core business strategies and, when fully implemented by March, 2012, will eliminate almost $750 million in costs to […]

USPS: Preparing For Change – What Is A Voluntary Early Retirement Authority

USPS is expected to announce that it will offer Voluntary Early Retirement to select groups of postal employees on March 25, 2011. PREPARING FOR CHANGE  – VERA RULES OF THE ROAD So what’s a VERA? A “voluntary early retirement authority” (VERA) temporarily lowers age and service requirements for retirement. It’s an administrative tool USPS has used […]

USPS Early Out Retirement Information 2011?

Last month PMG Patrick Donahoe mentioned that early out retirements and RIFs were coming by March 2011. The following is unverified information floating around the internet: from a NAPS AVP: OPM approved United States Postal Service VERA and Retirement Processing for 80,000 eligible Civil Service and Federal Employee Retirement Service employees. With roll out of […]

USPS To Offer Early Retirement

PMG Pat Donahoe has announced a new senior management structure representing a flatter, leaner organization with the flexibility to more quickly adapt to coming changes. Donahoe also said: “The Executive Leadership Team and I have worked collaboratively with many others to create a smaller, more efficient structure that will empower senior executives with authority and […]

USPS National Field Maintenance Restructure VER- December 31, 2010

The Postal Service has approval from the Office of Personnel Management (OPM) to offer voluntary early retirement to eligible EAS Field Maintenance employees nationwide. Automation and technological advances coupled with mail volume reductions has the Postal Service continuing to look for ways to voluntarily reduce its workforce while maintaining excellent customer service. This offer is […]

A Letter To All Employees From PMG Jack Potter

While the Postal Service has had its share of challenges since the beginning of the current economic recession, I want to let you all know what an outstanding job you have done to meet those challenges. We have been very successful in implementing unprecedented cost-cutting and efficiency improvements in a relatively short time frame. We […]

NALC Charges USPS With Failure To Provide Mandatory Retirement Counseling For Latest VER Offer

The NALC has filed a national-level interpretive dispute with the Postal Service, charging it failed to provide mandatory retirement counseling prior to the June 19 irrevocable decision date for the latest Voluntary Early Retirement (VER) offer extended to letter carriers. “A lot of our members did not get the help they needed to make a […]