We are rising to meet these challenges through strategic management of our business that will allow us to continue providing high-quality service to the American public while supporting our employees and achieving long-term financial sustainability.". ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy 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. My supervisor says they're offering $10K payout and adding 5 years to your record. 0 Likes . Those cookies are set by us and called first-party cookies. 9:00a.m.-3:00p.m. We also February 2022 You Payments are to be made in equal installments through 2043. department for further clarification about your rights as a California consumer by using this Exercise My These non-GAAP measures provide meaningful information to assist users of the Postal Service's financial statements in more fully understanding the financial results and assessing the Postal Service's ongoing performance because they exclude items that may not be indicative of, or are unrelated to, underlying operations. Recent Posts Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the choices) and/or to monitor site performance. This may affect our ability to personalize ads according to your preferences. Compensation and benefits expense increased $1.4 billion, or 2.9 percent, primarily due to wage increases in our labor agreements tied to inflation, and in particular the impacts of cost of living adjustments. November 2018 September 2020 information. All retiring employees (CSRS and FERS) get credit for unused sick leave hours in the computation of their CSRS and FERS annuities. arbitration For example, if a FERS employee retired on Dec. 31, 2021, then the employees retirement became effective on Jan. 1,2022 and the annuitants first FERS annuity check will be dated Feb. 1, 2022. DISCLAIMER: The information presented on MyFederalRetirement.com is provided for general information purposes. Preferences menu of your browser. The first bill, H.R. They do not store directly personal information, but are based on uniquely identifying your browser and As part of a settlement agreement with the NAACP and Public Citizen last year, USPS pledged to make a good-faith effort to implement extraordinary measures in the runup to the election similar to those in place in 2020. Postal Service Love Series Celebrates the Beauty and Delight of Flowers December 9, 2021; USPS to end Priority Mail Prepaid Flat Rate Stamped Envelopes December 9, 2021; USPS: Cyber Monday Is Next Week-Four Weeks Left for Holiday Shopping and Shipping . Reproduction without permission prohibited. The Combined Federal Campaign is slated to conclude Jan. 15. crying wolf September 2021 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. NAPS President Brian Wagner said USPS anticipates a second round of early retirement offers would accompany RIF procedures. Full Outage Map. 703-836-9660 (phone) Below are those I found today BALTIC Every weekday morning, Zack Triplett heads out from the Baltic post office, bringing theU.S. will not hand over your personal information to any third parties. However, you pit bulls Shipping and Packages revenue decreased $700 million, or 2.2 percent, on a volume decline of 399 million pieces, or 5.3 percent, compared to the same period last year. to take that as a valid request to opt-out. podcast June 2022 tracking your browser across other sites and building up a profile of your interests. Yes, Government Executive can email me on behalf of carefully selected companies and organizations. workers comp My Federal Retirement is not affiliated with the U.S. Federal Government. We do not allow you to opt-out of our certain cookies, as they are necessary to General Buyout Policies. You may opt out of our use of such The following table reconciles GAAP net income (loss) to the non-GAAP financial measures for the years ended September30, 2022 and 2021: Impact of Postal Service reform legislation on past-due PSRHBF obligations1, PSRHBF amortization and changes in normal costs of retiree health benefits due to revised actuarial assumptions2, CSRS unfunded liability amortization expense4, FERS unfunded liability amortization expense5, Controllable (loss) income excluding all retiree health benefits expense. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site Our latest results show that we are making solid and steady progress despite administrative, operational, and inflationary headwinds toward our goals of financial break-even on an annual basis and sustainability on a long-term basis, said Postmaster General and CEO Louis DeJoy. The information has been obtained from sources considered to be reliable. holidays Marketing Mail has generally proven to be a resilient marketing channel, and its value to U.S. businesses remains strong due to customer returns on investment and better data and technology integration. UPU And it'll continue to be safe because we pay a lot of attention to it., NEXT STORY: Much will depend on how many employees accept the early retirement offers, as well as how the Postal Services final structure and staffing plan takes shape next month. For more information about the First and Third Party Cookies used please follow this link. Over the weekend, law enforcement conducted numerous sting operations at a number of post office locations. DeJoy recently unveiled a 10-year business plan that included a proposal to resume those closures and consolidations. USPS has operated under a hiring and promotion freeze among its supervisory and administrative positions throughout its headquarters and district offices since August, leaving vacancies that laid off staffers could transfer into if they chose to do so. The next price adjustment for market-dominant products is scheduled to happen in July. February 2021 The Postal Service has another busy year in 2022. post office closings cookies (and the associated sale of your Personal Information) by using this toggle switch. see some advertising, regardless of your selection. On Feburary 8, 2022, the House of Representatives passed H.R. employee survey podcasts He commended postal management for working closely with his organization throughout the process and said he expects affected employees would likely have an opportunity to take a reassignment to avoid a layoff. The fact that retiring employees receive their payment for unused annual leave hours within a few weeks shortly following their retirement date is important. Novembe, The NAPS family is saddened to hear of the loss of two lives in the senseless shootings that occurred overnight at the USPS Facility in Chattanooga, TN. postalnews.co.uk } PMG USPS is in the process of implementing another part of DeJoys vision as it consolidates facilities and reduces its physical footprint. Matt Rourke/AP. MAGABomber For FERS and Trans FERS employees, the best day of the month to retire is within the last three days of the month. })(); VERAs. Technology Artificial Intelligence Ask the CIO Automation Big Data CIO News Cloud Computing Cybersecurity IT Modernization Open Data/Transparency This news release includes controllable loss which is not calculated and presented in accordance with GAAP. April 2020 The buzz is that there will be an announcement on January 16 of a VERA (Voluntary Early Retirement Authority) offer made to ALL crafts that includes a 5-year incentive. document.location.href = this.options[ this.selectedIndex ].value; Financial Planning Resources for Federal & Postal Employees, January 5, 2022 Edward A. Zurndorfer, Certified Financial Planner. 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. 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. 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. Some points to consider when making your decision: Make your decision on complete and accurate information about your retirement benefits. Targeting cookies may be set through our site by our advertising partners. Because we do not track you across different devices, You cannot opt-out of our First Party Strictly Necessary You can set your browser to block or alert you about these cookies, but some parts This may affect our ability to personalize ads according to your preferences. April 2022 Under FERS you will not receive Cost of Living Allowances (COLAs) on your annuity until age 62. If you are eligible for the VER, the USPS will be mailing you a packet on January 12th. magazines OIG VERA 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. 703-836-9665 (fax), Bipartisan Postal Supervisor and Manager Fairness Act, and Postal Employees MSPB Appeal Rights Legislation Introduced, USPS-NAPS Agreement on Exempt Managers & Postmasters Delivering Mail, National President Ivan Butts Wishes You and Your Family a Merry Christmas, BREAKING NEWS: NAPS ALERT - POSTALEASE SECURITY UPDATE, IDB Supervisor Symposium Message from NAPS National President Ivan Butts, The House Oversight and Reform Committee Passed HR 1307 - The Vote by Mail Tracking Act, Breaking News: Mitigation FY22-Updated Timeline, Statement of Charles Mulidore, Executive Vice President, National Association of Postal Supervisors, Fatal Shooting at Chattanooga Plant Reported, NAPS Newsbreak - FY22 PES Mitigation Dates, NAPS Newsbreak - Statement on Postmaster General's Announcement of 3% Pay Increase, Non-Bargaining Pay Increase Effective September 24, 2022, NAPS President Ivan Butts to Testify Before House Oversight and Reform Subcommittee on Government Operations, Advocate for Postal Shipping Equity on July 19, 2022, Postal Service Board of Governors Finally at Full Strength. Employees may use military service to meet the balance of service required for eligibility. information by using this toggle switch. To all NAPS members, Search Sponsored: Reimagine Health and Human Services, GovExec Daily: Mental Health in the Workplace, Do Not Sell My Become a Member information. of the site will not work as intended if you do so. intended if you do so. CanadaPostNews.com Follow us on Twitter, Instagram, Pinterest and LinkedIn. NAPS Newsbreak FY22 PES Mitigation Dates throwing stuff Postmaster General Louis DeJoy today announced a 3% salary increase for all non-bargai, Effective September 24, 2022 and reflecting on an employee's October 14, 2022, pay statement, all EAS and Pay Band Non-bargaining unit employees will receive a three percent salary increase re, The House Oversight and Reform Subcommittee on Government Operations has invited NAPS President Ivan Butts to testify on Wednesday, September 7, at its postal oversight hearing. LLVs to take that as a valid request to opt-out. Cookies Policy. 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. Your life insurance coverage (FEGLI) may change. performance, so that we may improve our websites and your experience. The Voluntary Early Retirement (VER) recently announced for eligible Clerk Craft employees by the Postal Service has generated many questions from the members of the APWU. July 2021 Your health insurance premiums will increase if you currently are covered by the Consumer Driven APWU health plan. After being sidelined by thecoronavirus pandemic, two big springtime events are poised to return this year: The Stamp Out Hunger food drive is scheduled for May 14, while the National Postal Forum the mailing industrys largest annual meeting is slated for May 15-18 in Phoenix. } With this background information in mind, the following table presents the best dates for CSRS or CSRS Offset and FERS/Trans FERS employees to retire during 2022, 2023, 2024 and 2025. master keys heat You cannot opt-out of our First Party Strictly Necessary Postal Service today announced its financial results for the 2022 fiscal year ended September 30. function onCatChange() { porch pirates 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. PRC /*
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