Federal Disability Retirement under FERS or CSRS: Understanding the Different Perspectives and Differing Interests

by Attorney Robert R. McGill As with most things in life, attempting to secure a Federal Disability Retirement annuity under FERS or CSRS requires an extraordinary amount of time, effort, planning, and the collection, formulation and coordination of a compendium of information. Multiple questions arise at the early stages of planning: Can I live on […]

Letter Carriers Union President Rolando Urges Senate Panel to Help Postal Service by Reforming Pre-Funding Requirement

WASHINGTON—The head of the National Association of Letter Carriers (NALC) union urged Congress today to reject a Postal Service proposal to eliminate Saturday mail delivery to American citizens as a quick fix to the financial problems of the U.S. Postal Service, saying that lawmakers should instead implement recommendations of the USPS Office of Inspector General […]

PRC Seeking Third Party Consultant Services To Review USPS Current CSRS Obligations

PRC looking for Actuarial Consultant Services to review current CSRS obligations Statement of Work for Actuarial Consultant Services – Federal Business Opportunities: Opportunities: Recent Developments On January 20, 2010, the U.S. Postal Service Office of Inspector General (OIG) published a document entitled “The Postal Service’s Share of CSRS Pension Responsibility.” This paper is identified as […]

PRC Initiates Review of USPS Pension Liability

PRC Press Release Washington, DC – The Postal Regulatory Commission yesterday issued a Notice establishing Docket SS2010-1 to conduct a review of the Civil Service Retirement System (CSRS) pension liability of the United States Postal Service. “This is an important study which will provide information regarding the financial health and viability of the Postal Service, […]

New OIG Study Estimates USPS Has Been Overcharged for the CSRS Pension Fund by $75 Billion

A study just released by the U.S. Postal Service’s Office of Inspector General (OIG) shows that the current system of funding the Postal Service’s Civil Service Retirement System pension responsibility is inequitable and has resulted in the Postal Service overpaying $75 billion to the pension fund. The OIG estimates that if the overcharge was used […]