It came as no surprise to me that few postal employees accepted the latest voluntary early retirement offer, especially those under the new retirement system, FERS. The annuity estimates given to FERS eligibles between minimum retirement age (MRA) and age 62 omitted their FERS Special Retirement Supplement. It was a substantial amount to leave out–$1,000 […]
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 […]
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 […]
APWU News USPS Releases VERA Info, Fails to Notify Union Although the Postal Service has failed to provide official notice to the union as of March 27, management has posted information about Voluntary Early Retirement (VER) on its employee Web site, LiteBlue. According to the posting, VER will be offered to all eligible employees except […]
From National Association of Letter Carriers (NALC) The Postal Service has informed President Young that city letter carriers will be included in its new Voluntary Early Retirement offer. The timing for VER applications and deadline for action has not been set, but it will have the same terms as the 2008 “early out” program, Young […]
From National League of Postmasters: The VER for Postmasters, supervisors, and field EAS will be completed in just about two weeks. Approximately 2000 of these managers took advantage of this golden opportunity to leave the Postal Service early enough to build a new life with a pension to back up their dreams and plans. They’ve […]
VOLUNTARY EARLY RETIREMENT The Postal Service has released additional details on the voluntary early retirement (VER) offer recently authorized by the Office of Personnel Management (OPM) for USPS employees in clerk, mail handler, supervisor of distribution operations, and supervisor of customer services positions. The offer is open to employees in positions that meet the OPM […]
From National League of Postmasters VER effective date change, you can elect to change the original effective date from March 31, 2009 to December 31, 2008, or January 31, 2009 or February 28, 2009. December 9, 2008 The following message is for all EAS eligible employees who received a VER Offer Letter dated November 28, […]
From National Association of Postmasters of the US (NAPUS) VER Timeline for Postmasters & other EAS Here’s some of the key dates and time frames: November 21, 2008 – Annuity estimates will begin being mailed to eligible employees. November 28, 2008 – VER Offer packages will begin being mailed to VER eligible employees. December 03, […]