Summary: In offering the early-out program in 1992 , Postmaster General Marvin Runyon had hoped that 30,000 managers would retire. Instead, approximately 33,000 mail handlers, clerks and letter carriers took the offer .”For fiscal year 1992 the Service’s cost for the restructuring as reported in its audited financial statements totaled $1.01 billion. About $886 million of […]
From the National Association Of Letter Carriers (NALC) NALC President William H. Young said the union is taking no position on whether letter carriers should seek the “early out.” Such a decision must be based on each carrier’s personal circumstances, he said. “I urge anyone considering the offer to carefully consider your family’s financial situation, […]
Headquarters / Headquarters-Related EAS & PCES; Motor Vehicle; Maintenance (excluding Electronic Technicians); Rural Carriers; City Carriers The Postal Service recently received approval from the Office of Personnel Management (OPM) to offer voluntary early retirement to eligible employees nationwide. Automation and technological advances coupled with mail volume reductions has the Postal Service continuing to look for […]
With that the Postal Service will offer Voluntary Early Retirement (VER) to Motor Vehicle Services and Maintenance Craft employees – except Electronic Technicians – APWU President William Burrus is reiterating his advice to union members: DON’T GO! “My reasoning is simple,” he said. “Every APWU-represented employee who leaves early will save the USPS hundreds of […]
From PostalReporter.com reader Don Cheney There are two errors in management’s questions and answers on Voluntary Early Retirement. It could affect a few people’s decision to retire now or not. These were brought to management’s attention by the APWU at least six weeks ago and have not been corrected. See the FAQs at https://liteblue.usps.gov/news/ver2008/hrssc_vera.htm. Management’s […]
USPS authorized to offer additional voluntary early retirements The Postal Service has received additional approval from the Office of Personnel Management (OPM) to offer voluntary early retirement to all eligible employees in Motor Vehicle, Maintenance (excluding Electronic Technicians), Rural and City Carriers, Field EAS and Postmasters. This offer is open to employees in those positions […]
From the National Association of Letter Carriers (NALC) The Office of Personnel Management has informed the Postal Service that it may offer voluntary early retirement to members of the city letter carrier craft. NALC President William H. Young said details of an early retirement agreement are being worked out and will be released once finalized.
From Charley Mapa, President National League of Postmasters: As you know, in response to requests by a significant number of you, several weeks ago, the League sent a letter jointly with Napus to Postal Headquarters requesting a VERA or early out for Postmasters. Just moments ago I received the attached letter from Postal Headquarters stating […]
USPS National Retirement Counseling system Date 08/05/2008 HRlS Annuity Estimate as of Pay Period 16 of 2008 note: Retirement Type: Early Out 1.Estimate based on retirement effective date shown, assuming Retirement Computation Date (RCD) is correct and you have at least 5 years civilian service in addition to any military service. Office of Personnel Management […]
ANOTHER VERA APPROVAL USPS authorized to offer more voluntary early retirements The Postal Service has received approval from the Office of Personnel Management to offer voluntary early retirement to all Headquarters and Headquarters-related employees — that includes service centers, organizational units and Area offices — in EAS and PCES positions. Details of the program are […]