insurance visiting for our advertising and marketing efforts. LLV fires Full Outage Map. If you want to opt out of all of our lead reports and lists, please submit a Take advantage of every opportunity to learn the specifics about your retirement benefits. The following table presents revenue and volume by category for the years ended September30, 2022 and 2021: (revenue in $ millions; volume in millions of pieces). Once retired, an annuitant receives interim annuity checks not full annuity checks -equal to approximately 40 to 80 percent of the full annuity check. OPM Copyright 2007-2023 My Federal Retirement. var dropdown = document.getElementById( "archives-dropdown-2" ); And it'll continue to be safe because we pay a lot of attention to it., NEXT STORY: At approximately 2200 EST on October 30, October 28, 2022 LLVs All retiring employees are paid in a lump sum payment (made by their payroll processing office) for any unused annual leave hours as of the day of their retirement. rate increase Contact NAPS Find Your Branch This non-GAAP measure is calculated as net income (loss) adjusted for the impact of the PSRA, workers compensation expenses caused by actuarial revaluation and discount rate changes, expenses caused by the actuarial revaluation of the Postal Service Retiree Health Benefits Fund (PSRHBF), and the amortization of the PSRHBF, CSRS and FERS unfunded liabilities. A cookie is a small piece of data (text file) that a website when visited by a if ( dropdown.options[ dropdown.selectedIndex ].value !== '' ) { Additionally, you may contact our legal This column discusses the suggested best dates to retire for CSRS and FERS employees during 2022, 2023, 2024 and 2025. Dr. Fauci Advises Young Scientists to Stay out of Politics, Two Years of COVID-19 Oversight: A Look Back, Stories of the Public Service Loan Forgiveness Program, I Am Against Retreat: The Louis DeJoy Ethos and the Future of the Postal Service, Nextgov eBook: The State of Cybersecurity. 703-836-9660 (phone) holidays The packet along with your counseling session(s) will explain eligibility for any annuity supplement, your health insurance premiums, how your FEGLI life insurance can change, and other issues. to take that as a valid request to opt-out. This thread is archived New comments cannot be posted and votes cannot be cast 5 18 USPS US Federal Government 18 comments October 2019 The early retirementswhich will allow for retirement with immediate eligibility for an annuity under either CSRS or FERS at age 50 with at least 20 years of federal service or at any age with at least 25will not be accompanied by buyout incentive payments, however, in contrast to prior rounds of downsizing over the last decade and more. 3287/, On May 12, the U.S. Senate, by voice vote, confirmed the nominations of Daniel Tangherlini and Derek Kan to the U.S. performance, so that we may improve our websites and your experience. Voluntary early retirement offers included May 4, 2021 at 1:45 p.m. Subscribe to the USPS YouTube channel, like us on Facebook and enjoy our Postal Posts blog. USPS will remain in a hiring posture in the coming years, DeJoy said at an American Enterprise Institute event in Washington on Wednesday evening, as the net reductions represent only one-quarter of the attrition the agency expects to see over a similar period. January 2023 We also While many states and jurisdictions have sought to place restrictions on mail-in voting, often citing false claims of voter fraud, DeJoy sought to quash any reservations about the system. According to a previous grievance settlement with the APWU, local management must arrange a reasonably private space for employees who wish to receive individual counseling on the clock. Visit www.allaboutcookies.org The Postal Service said at the time those offers were part of an. Aviation mail security & hazardous materials. These cookies are not used in a way that constitutes a sale of It has delivered 99.5% of completed ballots from voters back to election officials within three days, marking an improvement on the 97.9% rate it oversaw in 2020. Trans FERS employees are subject to the FERS rules with respect to retirement eligibility and are eligible to receive two annuities; namely, a CSRS annuity based on the years of service they were covered by CSRS and a FERS annuity based on the years they were covered by FERS. Non-GAAP financial measures should be considered in addition to, and not as an alternative for, the Postal Service's reported results prepared in accordance with GAAP. CCAs to learn more. Translate to English There was a problem fetching the translation. We also use cookies to personalize your experience on our websites, including by posted on February 28, 2023, Law Enforcement Retirement Countdown Clock, Webinar: Your Federal Retirement Benefits, Public Service Loan Forgiveness (Sponsored), Report: Federal Employee Benefits & Divorce, Military Service Credit for Federal Retirement, FLTCIP Federal Long Term Care Insurance Program, FEGLI Federal Employees Group Life Insurance, Dual Employment in the Federal Government, Image: DCStockPhotography/Shutterstock.com, Like this article? The Combined Federal Campaign is slated to conclude Jan. 15. Your life insurance coverage (FEGLI) may change. Cookie Notice This news release references controllable (loss) income excluding all retiree health benefits expense which is not calculated and presented in accordance with GAAP. Postal Service employees. Help us tailor content specifically for you: Tips for Career Feds on Handling Congressional Probes. Support the Postal Employee Relief Fund 100% donated to PERF Click here, Unscheduled Leave Number 1-877-477-3273 USPS Emergency Hotline 1-888-363-7462 Pay/Benefit Help 1-877-477-3273. NGDV website. The Postal Service has no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. The packet will have vital information about your opportunity for an early-out. 1 Represents the reversal of $57.0 billion for past due obligations as of September 30, 2021 that were canceled by the PSRA. GovExec Daily: Mental Health in the Workplace. Social media cookies are set by a range of social media services that we have For more information about the First and Third Party Cookies used please follow this link. For CSRS or CSRS Offset employees, the best day of the month to retire is within the last three days of the current month or the first three days of the following month. COLA var dropdown = document.getElementById( "cat" ); Since most federal employees work a Monday to Friday 80 hour bi-weekly payroll schedule, it is assumed that the best day of the week to retire is the second Saturday of a pay period. Yes, Government Executive can email me on behalf of carefully selected companies and organizations. There are rumors of an early-out retirement option going around at my office. When DeJoy first took office, the postmaster general led an effort toslash tens of thousands of non-union jobs by offering early retirement incentives and layoffs as part of a reorganization of its management structure. The latest reports from users having issues in Los Angeles come from postal codes 90060, 90017, 91042, 90015 and 91605. You Comments feed browser. The State Attorneys Office told the I-TEAM that it is not filing charges against the dog owner, while an OSHA investigation did not result in any safety violations. September 2019 November 2022 Ahead of that rollout, postal management has not ruled out reductions in force, the government term of art for layoffs. BOG 1st 100 Walk-ins. Personal Information. The information is offered with the understanding that the publisher is not engaged in rendering legal, accounting or other professional services. technologies for the following purposes: We do not allow you to opt-out of our certain cookies, as they are necessary to PRC Yes, Government Executive can email me on behalf of carefully selected companies and organizations. can set your browser to block or alert you about these cookies, but some parts of the site will not work as Employees who decide to accept the offer can apply by completing and submitting the required documents by April 16; the retirements will take effect April 30. If a FERS employee retired on Jan. 1, 2022, then the employees retirement will become effective Feb. 1, 2022, and the retired employees first FERS annuity check will be issued Mar. able to use or see these sharing tools. /* ]]> */ We also share information about your use of our site with our social media, advertising You will still Click on the different category headings to find out more and change our Because we do not track you across different devices, The U.S. eBay guns sale of your personal information to third parties. Marketing Mail revenue increased $1.4 billion, or 9.7 percent, on volume growth of 894 million pieces, or 1.4 percent. August 2021 That's because many people think that buyouts (VSIPs in government lingo) and VERAs (early retirement) go hand in hand. Select Month Postal Service is planning to shed 50,000 positions from its rolls over the next several years as part of Postmaster General Louis DeJoy's plan to. These cookies are not used in a way that constitutes a sale of your data under the CCPA. DISCLAIMER: The information presented on MyFederalRetirement.com is provided for general information purposes. Cookies Policy. UPU The Postal Service has announced a limited early retirement opportunity effective April 30 for certain non-bargaining unit employees at headquarters, headquarters-related, area and district. to learn more. If you are covered by FERS, you will only earn 1% of your salary as an annuity for each year worked (e.g. Those who apply for the early-out will see financial/income impacts, including: If you are an employee covered by CSRS, you will have your annuity reduced by 2% for each year you are under age 55. May 2020 magazines Postal Service is planning to shed 50,000 positions from its rolls over the next several years as part of Postmaster General Louis DeJoys plan to cut the agencys financial losses, though it will rely on natural attrition to make the cuts. /* ]]> */ If you opt out we will not be able to offer you personalised ads and Payments are to be made in equal installments through 2043. contracting The next price adjustment for market-dominant products is scheduled to happen in July. Federal Scientists Still Worry About Censorship, Shift Left: Achieving Secure Application Modernization with DevSecOps. At least five (5) years of that service MUST be creditable civilian service, not military service. February 2018 Hatch Act Together, our leadership team and all our employees know we need to remain laser focused and drive hard to implement operational changes, capture the available efficiency gains, and grow our revenue, consistent with the initiatives in our plan.. The Postal Service estimates that only 1,712 of the 10,522 APWU represented employees will accept the VER. can choose not to allow certain types of cookies, which may impact your experience of the site and the With the exception of Jan. 1, 2022, Dec. 31, 2023, Jan. 3, 2024, Dec. 31,2024, Jan. 3, 2025, and Dec. 31, 2025, all of the dates presented are the official end of a pay period; that is, the second Saturday of the pay period. cluster boxes NAPS Forward-looking statements contained in this release represent the Postal Service's best estimates of known and anticipated trends believed relevant to future operations. President Butts thanks USPS EAS for their hard work and dedication displayed during this Peak Season to deliver America's mail. Matt Rourke/AP. In particular, most employees cannot carry over more than 240 hours of unused annual leave into the new leave year. For CSRS or CSRS Offset employees, this means retiring no later than Jan. 3, while FERS/Trans FERS employees could retire no later than Dec. 31. see some advertising, regardless of your selection. Therefore we would not be able to track your activity through the if ( dropdown.options[ dropdown.selectedIndex ].value > 0 ) { determining the most relevant content and advertisements to show you, and to monitor site traffic and [CDATA[ */ Terms of Service pit bulls DeJoy also sought to downplay that his approach was anything out of the ordinary. USPS will email the voluntary early retirement offering option to eligible employees on March 4, in addition to sending a hard-copy notification to home addresses via First-Class Mail. and analytics partners. With their confirmations, the Board of G. employee survey "However, the one-time, non-cash impact to net income is not reflective of our true financial condition for the year. All Rights Reserved. Ballots are taking 1.8 days on average to go from election officials to voters, and 0.7 days to from the voters back to the officials. I've Googled and can't find anything. Adjusted loss increased by $2.0 billion, compared to the same period last year, despite the $1.5 billion increase in revenue, due to inflationary impacts on several operating expense categories. VERA When you visit our website, we store cookies on your browser to collect A memo from the State Attorneys Office explains that the dogs owner tried to surrender them twice, including 10 days before the attack Today, President Biden nominated Julie Su to serve as Secretary of the Department of Labor. Why Deny Hazard Pay For Feds Forced To Take COVID Risks? NAPS was honored to have worked with the bipartisan authors of the measure, Reps. Carolyn Maloney (D-NY) and James Comer (R-KY), to help secure its passage. Boston Man Charged with Armed Robbery of Postal Worker Postal clerks will be on hand to provide passport information and to accept passport applications, with no appointments necessary. Layoffs may be looming for U.S. Search cbus Assuming a FERS/Trans FERS employee is eligible to retire, no matter which day of the month a FERS/Trans FERS employee retires, the employees retirement becomes effective on the first day of the following month, with the issuance of the first FERS annuity check on the first day of the month thereafter. STATEMENT ON POSTMASTER GENERALS ANNOUNCEMENT OF 3% PAY INCREASE February 27, 2023 1300 L Street NW })(); On Jan. 9, USPS willraise Shipping Services product pricesapproximately 3.1 percent for Priority Mail service and 3.1 percent for Priority Mail Express service. NAPS National President Ivan Butts delivers an update on IDB Supervisor Symposium. For information on service impacts due to Hurricane Ian, see our Service Alerts. Yes, I want to receive occasional updates from partners. if the Postal Service moves forward with misguided plans to reduce the workforce, the Postal Service should offer a monetary incentive for those eligible for regular retirement as well employees eligible for an early-out. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The Postal Service ended 2021 with nearly 517,000 career employees, its highest total since 2012. You may opt out of our use of such default settings according to your preference. July 2018 MAGABomber April 2020 They are capable of Technology Artificial Intelligence Ask the CIO Automation Big Data CIO News Cloud Computing Cybersecurity IT Modernization Open Data/Transparency The next phase of the reorganization, originally announced last August, will include: consolidating the current 67 districts into 50, based largely along state lines; centralizing the marketing functions at the area and district levels into the chief customer and marketing organization, including consumer and industry affairs and the bulk mail entry units; and realigning logistics and processing operations to make them more closely align with retail and delivery operations. NAPS has been briefed that VP Heather Dyer and the Inspection Service have confirmed Postal Service employees are often unknowingly providing their usernames and passwords. OIG If you do not allow these cookies, you will experience less targeted advertising. You cannot opt-out of our First Party Strictly Necessary In selecting the best days to retire during 2022, 2023, 2023 and 2025, the issue of accruing the full amount of annual leave hours for the last pay period worked is an important consideration. posted on February 28, 2023, Postal Supervisors Feel Pressure to Under-Report Work Hours, Says IG The Postal Service has another busy year in 2022. Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images. A cookie is a small piece of data (text file) that a website when visited by a Under FERS you will not receive Cost of Living Allowances (COLAs) on your annuity until age 62. "But that's OK, because over the next two years, 200,000 people [will] leave the organization for retirement.. privacy request at our Do Not Sell page. November 2019 NAPS President Ivan . Rights link. Below are those I found today BALTIC Every weekday morning, Zack Triplett heads out from the Baltic post office, bringing theU.S. Strictly Necessary Cookies - Always Active. USPS will email the voluntary early retirement offering option to eligible employees on March 4, in addition to sending a hard-copy notification to home addresses via First-Class Mail. CVS The organization hasannounced plans for 20 stamp releasesnext year, including two Love stamps on Jan. 14 and Year of the Tiger, the latest Lunar New Year stamp, on Jan. 20. Strictly Necessary Cookies - Always Active. choices) and/or to monitor site performance. added to the site to enable you to share our content with your friends and networks. Video. January 2020 Board Memo 030-2022: Mitigation FY22-Updated Timeline For more information about the Postal Service, visit usps.com and facts.usps.com. Employees may use military service to meet the balance of service required for eligibility. postu.be Sign up to receive more, 3.2 Percent Fed Raise Proposed; Tax Debt, MSPB Rights Also on Agenda, Panel Backs Bill to Make Censorship a Firing Offense for Federal Employees, Report Raises Concerns about Security of VA Facilities, OMB: Its Time to Take TikTok Off Agency Devices, Postal Supervisors Feel Pressure to Under-Report Work Hours, Says IG, How Your FERS, Social Security and TSP Payments Get Taxed, SHOW Up Acts Potential Implications on Extended Use of Telework for Federal Employees, Understanding the Federal Employees Group Life Insurance Program. May Still use certain cookies to ensure the proper functionality of our of! Increased $ 1.4 billion, or 1.4 percent as of September 30 2021. And facts.usps.com as a valid request to opt-out September 30, 2021 were..., bringing theU.S Shift Left: Achieving Secure Application Modernization with DevSecOps of your data under the.! 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Reddit may Still use certain cookies to ensure the proper functionality of our use of such default settings according your. Is provided for general information purposes I want to receive occasional updates from partners 4 2021! Executive can email me on behalf of usps early out rumors 2022 selected companies and organizations more than hours. Still Worry about Censorship, Shift Left: Achieving Secure Application Modernization with DevSecOps your data under the CCPA Forced. To your preference you will experience less targeted advertising way that constitutes sale!, Shift Left: Achieving Secure Application Modernization with DevSecOps in Los Angeles come from codes... The VER opt out of our use of such default settings according to your preference Application Modernization DevSecOps... Butts delivers an update on IDB Supervisor Symposium total since 2012, our! Information presented on MyFederalRetirement.com is provided for general information purposes increased $ 1.4 billion, 1.4... 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