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, […]
Bay Valley District – No Retirement Incentive – Shared Services will be mailing VERA offer letters and annuity estimates from July 19-22, 2011 to VER eligible employees. The VER retirement application deadline and irrevocable date is August 26, 2011. Alameda, Alamo, Antioch, Aptos, Benciia, Brentwood, Byron, Carmel, Clayton, Campbell, Capitola, Concord, Crockett, Cupertino, Danville, El […]
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 […]
The Postal Service is offering a version of the Special Incentive Offer announced earlier this year limited to supervisors, Customer Services, and supervisors of Distribution Operations, in seven districts. The districts affected are: Caribbean, Honolulu, Long Island, New York, Westchester, Triboro and Northern New Jersey. According to Human Resources (HR), the affected districts have an […]
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 […]
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 […]
As reported earlier USPS is offering early out retirement to employees in selected offices. Below is a snippet of the VER offer in the mail or received by some employees: The U.S. Postal Service has received approval from the U.S. Office of Personnel Management (OPM) under its Voluntary Early Retirement Authority (VERA) to offer Voluntary […]
From APWU Oakland Local: On March 19,2010, during a meeting with Management,the Oakland Local was informed that the Postal Service is probably going to offer another “early out.” However, Management stated that they do not know when or any of the details.
Burrus Update 15-2009, Sept. 22, 2009 The union has received inquiries about the possibility that some applicants for the $15,000 retirement/separation incentive may be excluded because the agreement negotiated by the union limits the number of recipients to 30,000. This concern is especially troubling for employees applying for Voluntary Early Retirement (VER), because the right […]
TO HELP EMPLOYEES MAKE INFORMED DECISIONS DPMG OUTLINES EARLY OUT INCENTIVE OPTION In this week’s Field Updates, DPMG and COO Pat Donahoe outlines the 2009 Early Out Incentive Option and discusses the issues employees should consider before accepting the offer. The incentive — extended to employees represented by either the American Postal Workers Union or […]