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 […]

Mail Handlers To Be Offered Retirement Incentive

(May 24, 2012) After in-depth discussions between NPMHU and management officials at the headquarters level, the Postal Service is offering financial incentives during a new round of retirement and separation opportunities for most Mail Handlers. Under the terms of a Memorandum of Understanding signed by both parties on May 22, 2012, eligible Mail Handlers who […]

NAPS: USPS Decision on Guidelines For Proposed Early Retirement Incentives Not Yet Completed

From the National Association of Postal Supervisors: NAPS Members, The Postal Service held informational sessions on Wednesday, February 22, 2012 in advance of the release of the listing of Plant closures and consolidations that has been released today. NAPS was provided a copy of the list this morning and has provided this list to you […]

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 […]

OIG: More Early Retirements Would Create Additional Cost Savings For USPS

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, […]