“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 […]
Maybe. The minuscule pay increases; the back-loaded, waived and deferred COLAs; the lower starting salaries for future employees; the increases in employees’ share of contributions toward healthcare coverage; the retention of the no layoff clause and the return of many jobs to APWU employees could save the USPS billions of dollars in operations costs, which […]
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 […]
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 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 has posted some frequently asked questions on its Human Resources website. Some of the questions and answers: Note: An updated version of the 2011 Redesign FAQs will be posted on or soon after the March 25th announcement. 1. Why is the Postal Service going through an organizational redesign – are these changes necessary? The […]
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 […]
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 […]
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 […]