A House committee approved a GOP proposal on April 26 that would increase federal employees’ contributions to their pensions by 5 percent over five years, beginning in 2013. The vote was along party lines, with Republicans voting in favor of the measure and Democrats voting against it, 19-15. The legislation will be sent to the […]
From the NALC Activist Alert: The NALC is on high alert as we await action as early as next week on H.R. 7, The American Energy and Infrastructure Jobs Act of 2012. Once again, it looks like the bill will be offset largely on the backs of current and future federal and postal employees. Initial […]
Rep. Dennis Ross, R-Fla., on Wednesday introduced a bill that would increase how much federal employees pay toward their retirement and steeply reduce pensions for new employees. HR 3813, the Securing Annuities for Federal Employees Act, would raise contributions for current Civil Service Retirement System (CSRS) and Federal Employees Retirement System (FERS) employees by 0.5 […]
An exclusive article to PostalReporter.com written by Attorney Robert R. McGill Does the Emperor receive his standing because of his hereditary anointment by the gods, or because of his superior governance abilities? Or, by giving generously to the lords and vassals and currying favor among them, does he retain power? Or, by giving lifetime gifts […]
From the President’s Plan for Economic Growth and Deficit Reduction Provide Postal Service financial relief and undertake reform. The Administration recognizes the enormous value of the U.S. Postal Service (USPS) to the Nation’s commerce and communications, as well as the urgent need for reform to ensure its future viability. USPS faces a long-term, structural operating […]
Yesterday, USPS said it’s suspending the employer’s contributions for the defined benefit portion of the Federal Employees Retirement System, or FERS. The Postal Service said it was taking this step to conserve cash and preserve liquidity. Today, PMG Pat Donahoe — in a video message to employees — says the suspension will not affect them. […]
WASHINGTON – Today, Sen. Tom Carper (D-Del.), chairman of the subcommittee with jurisdiction over the U.S. Postal Service, released the following statement reacting to the Postal Service’s decision to suspend its Federal Employees Retirement Systems (FERS) payments: “Today’s drastic action by the U.S. Postal Service underscores the urgent need for Congress and the Administration to […]
Statement by U.S. Office of Personnel Management On Postal Service’s Decision to Suspend FERS Annuity Contributions The US Postal Service is facing serious challenges. OPM is sympathetic to the situation in which the Postal Service finds itself, and we stand ready to help the Postal Service in whatever way we can, consistent with our legal […]
The American Postal Workers Union is working fervently to make certain that the Postal Service’s decision to suspend employer contributions to FERS does not negatively affect the nation’s postal employees, President Cliff Guffey said on June 22. “We will take every step necessary to ensure that retirement benefits are protected. We are currently evaluating the […]
U.S. Postal Service Institutes Cash Conservation Plan- FERS account surplus valued at $6.9 billion WASHINGTON — The U.S. Postal Service has informed the Office of Personnel Management (OPM) of its intention to suspend its employer’s contributions for the defined benefit portion of the Federal Employees Retirement System (FERS) to conserve cash and preserve liquidity. The […]