From the Federal Times: An amendment to the Defense authorization bill containing several federal employee benefits, including the FERS sick leave credit, was withdrawn Thursday. Sen. Tom Coburn, R-Okla., an outspoken critic of what he deems unnecessary federal spending, said he planned to talk on the Senate floor Thursday until cloture — a vote to […]
From Federal Times Fewer than 2 percent of U.S. Postal Service employees who were offered a chance at early retirement last month accepted the offer — far less than postal management expected. The Postal Service offered early retirement to 147,937 employees; they were required to make a decision by June 16, with their retirement beginning […]
House Approves Bill That Includes FERS Sick Leave Credit H.R. 2990 (Disabled Military Retiree Relief Act of 2009) would ‘provide that federal employees receive credit for unused sick leave when determining annuity if they have not been paid for those days. The bill also enables federal employees to deposit refunds of retirement deductions with interest […]
According to Govexec.com: “A bill aimed at modifying the way retirement benefits are calculated for certain federal employees who work part-time at the end of their careers would cost the government $39 million from 2010 to 2019, the Congressional Budget Office reported this week.” “The legislation (S. 469), sponsored by Sen. George Voinovich, R-Ohio, would […]
From the National Association of Postmasters of the US Last week, House Republican Leaders John Boehner (R-OH) and Minority Whip Eric Cantor (R-VA) sent President Obama a budget proposal outlining approximately $375 billion in cuts over the next five years. Among the proposed reductions was changing the formula for calculating Civil Service Retirement System (CSRS) […]
NALC President Young announces retirement: President William H. Young has officially announced his retirement date—July 3, 2009. He has served 43 years as a letter carrier and 30 years as an officer of the NALC. source: National Association of Letter Carriers
From the Federal Times – The Office of Personnel Management is scrapping plans for an online retirement calculator that would allow federal employees to project their pensions, the new director said last week. The calculator had been a major portion of RetireEZ, the department’s previous attempt at overhauling its outdated annuity calculation system, which failed […]
From Federal Times A bill that would allow agencies to rehire retired employees won approval of a Senate committee last week. But, despite measures designed to appease unions, it still faces opposition from labor groups. The bill would create a five-year pilot program allowing agencies to rehire retirees and pay them their full salary and […]
APWU News The Postal Service has informed the APWU that the deadline for eligible employees who wish to apply for Voluntary Early Retirement (VER) effective June 30 or July 31 is June 19. The USPS has also designated June 19 as the “irrevocable” date, by which employees who have applied for retirement but wish to withdraw […]
ORGANIZATIONAL CHANGES AND VERA TIMELINES UPDATED USPS has released an updated timetable for employees affected by the recently announced staffing reductions and district closings and for those who are considering the Postal Service’s voluntary early retirement (VER) offer. The Postal Service has begun mailing notification to all VER-eligible employees. You should note that the VER […]