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 […]
The Obama administration released its 2013 budget proposals today. Here is what the budget included for the Postal Service: 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 […]
Feb. 6, 2012 — On Jan. 24, Rep. Dennis Ross, the chairman of the House Subcommittee on the Federal Workforce, U.S. Postal Service, and Labor Policy, introduced H.R. 3813, the Securing Annuities for Federal Employees Act. But it probably comes as little surprise that Ross’ measure, were it to become law, would in fact threaten […]
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 […]
Statement of National Association of Postal Supervisors (NAPS) President Louis M. Atkins on USPS Suspension of FERS Contributions, 06-23-11 June 22, 2011 — The U.S. Postal Service announced on June 22 that it immediately will suspend its bi-weekly contributions to the Office of Personnel Management (OPM) for Federal Employees Retirement System (FERS) benefits, citing overpayment […]
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, DC – Ranking Member Elijah E. Cummings and Stephen F. Lynch, Ranking Member of the Subcommittee on Federal Workforce, U.S. Postal Service and Labor Policy, issued the following statement on the U.S. Postal Service’s decision to suspend its employer’s contributions for the defined benefit portion of the Federal Employees Retirement System (FERS). “Today, the […]
June 22, 2011 — The Postal Service announced on June 22 that it is suspending its bi-weekly contributions to the Office of Personnel Management (OPM) for Federal Employees Retirement System (FERS) benefits (11.7% of basic pay), because its FERS account within the government-wide pension plan has a large surplus, and because it would like 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 […]