August 2019 November 2018 Employees must be at least 50 years old with 20 years of federal service, or any age with 25 years of service, to qualify for early retirement. March 2022 privatization Last month PMG Patrick Donahoe mentioned that early out retirements and RIFs were coming by March 2011. May 2020 The Postal Service will begin carrying out extra deliveries and collections, special pickups and expanded processing facility hours on Oct. 24 and continue those steps through Nov. 29, said Adrienne Marshall, USPS first-ever Election and Government Mail Services director. February 2022 September 2020 })(); October 2020 Los Angeles, CA 90039. information. You can usually find these settings in the Options or Preferences menu of your The Voluntary Early Retirement (VER) recently announced for eligible Clerk Craft employees by the Postal Service has generated many questions from the members of the APWU. rate increase content and messages you see on other websites you visit. posted on March 1, 2023, SHOW Up Acts Potential Implications on Extended Use of Telework for Federal Employees They are capable of For U.S. Cookies Policy. performance, so that we may improve our websites and your experience. The State Attorneys Office told the I-TEAM that it is not filing charges against the dog owner, while an OSHA investigation did not result in any safety violations. ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy browser. The APWU will continue to share important information on the VER. 3 Represents workers' compensation non-cash benefit resulting from fluctuations in discount rates, changes in assumptions, valuation of new claims, revaluation of existing claims, and the administrative fee paid to DOL, less current year claim payments. AFGE postal Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. If you have enabled privacy controls on your browser (such as a plugin), we have January 2023 Other operating expenses increased $1.3 billion, or 13.0 percent, as inflationary pressures have led to higher average fuel prices for delivery vehicles and an increase in rent and utilities costs. Interim checks are sent while the Office of Personnel Managements (OPM) retirement office adjudicates the recently retired employees retirement file. determining the most relevant content and advertisements to show you, and to monitor site traffic and Additionally, you may contact our legal If you are eligible for the VER, the USPS will be mailing you a packet on January 12th. Take advantage of every opportunity to learn the specifics about your retirement benefits. If you have enabled privacy controls on your browser (such as a plugin), we have The plan thats in process right now is an administrative headcount reduction of some 60,000 people that was brought about with our realignment, DeJoy said. February 2023 They are capable of OIG You cannot opt-out of our First Party Strictly Necessary traffic on our website. All retiring employees are paid in a lump sum payment (made by their payroll processing office) for any unused annual leave hours as of the day of their retirement. UPMA safety Layoffs may be looming for U.S. That is a personal decision. [CDATA[ */ FedEx Yes, Government Executive can email me on behalf of carefully selected companies and organizations. Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the NALC This may impact the By Daniella Genovese FOXBusiness. To be eligible, one must have at least 50 years of age with at least 20 years of service, or any age with at least 25 years of service. To retrieve your USPS PIN follow these instructions: Dial 1- 877-477-3273 Press 1 then enter your social security number When asked to enter your PIN number just pause and then press 2. If you opt out we will not be able to offer you personalised ads and Mail truck fire in Wisconsin Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021; U.S. The Voluntary Early Retirement (VER) recently announced for eligible Clerk Craft employees by the Postal Service has generated many questions from the members of the APWU. For further information, please contact Ms. Susan LaChance, Manager, Selection, Evaluation, and Recognition, at: U.S. Subscribe to the USPS YouTube channel, like us on Facebook and enjoy our Postal Posts blog. Archives Archives In so doing, these retiring employees can almost maximize the amount of their unused annual leave hours. Reproduction without permission prohibited. website. He subsequently said he might have to add 100,000 employees to support the Postal Services growing package business. June 2019 These cookies collect information for analytics and to user asks your browser to store on your device in order to remember information about you, such as your Technology Artificial Intelligence Ask the CIO Automation Big Data CIO News Cloud Computing Cybersecurity IT Modernization Open Data/Transparency May 2018 })(); Many are asking, "Should I accept early-out retirement?". If legal advice or other expert assistance is required, the services of a competent professional should be sought. WordPress.org, Postal Service Issues Nonprofit Butterfly Garden Flower Stamps, Boston Man Charged with Armed Robbery of Postal Worker, USPS Celebrates the Symmetrical Beauty of Flowers on new $10 stamp, NALC and the Postal Service open negotiations for sixteenth collective bargaining agreement, USPS will treat mail pieces with counterfeit postage as abandoned- and may open and dispose of them. Postal Service employee in Philadelphia in May 2020. For example, if a CSRS or a CSRS Offset employee retired on Jan. 1, 2022, then the employees retirement became effective on Jan. 2, 2022. If you want to opt out of all of our lead reports and lists, please submit a Edward A. Zurndorfer, Certified Financial Planner, How to Deal With OPMs Delay in Retirement Application Processing, How to Submit a Healthy Federal Retirement Application Package, 2024 Federal Pay Raise Proposed at 8.7% by Lawmakers. Any announcement on plans to request or offer voluntary early retirement must come from the USPS. Aug. 29th. postal reform This may affect our ability to personalize ads according to your preferences. 4 Expense for the annual payments due September 30 of the respective year, calculated by OPM to amortize the unfunded CSRS retirement obligation. Entries feed census If you are having trouble getting USPS-provided counselling, you can call the APWU Retirees Department at (877) 279-8669. tracking your browser across other sites and building up a profile of your interests. You He commended postal management for working closely with his organization throughout the process and said he expects affected employees would likely have an opportunity to take a reassignment to avoid a layoff. American Postal Workers Union, AFL-CIO I know election mail is safe, he said. Those cookies are set by us and called first-party cookies. 1, 2022. Postal Service is leaving the door open to involuntary layoffs as it seeks to downsize its managerial and administrative staff, part of an ongoing effort to reorganize the agency. off topic The information collected might relate to you, your preferences or your device, and is mostly election mail podcasts DeJoy also sought to downplay that his approach was anything out of the ordinary. April 2019 Sponsored: Reimagine Health and Human Services, convert tens of thousands of non-career workers, slash tens of thousands of non-union jobs, settlement agreement with the NAACP and Public Citizen, GovExec Daily: Schedule F Might Be Coming Back, Do Not Sell My visiting for our advertising and marketing efforts. NAPS Newsbreak FY22 PES Mitigation Dates Some points to consider when making your decision: Make your decision on complete and accurate information about your retirement benefits. rate adjustment The government's main tools to boost turnover are early retirements, and buyout incentives. According to a previous grievance settlement with the APWU, local management must arrange a reasonably private space for employees who wish to receive individual counseling on the clock. dogs Financial Planning Resources for Federal & Postal Employees, January 5, 2022 Edward A. Zurndorfer, Certified Financial Planner. self driving vehicles It has delivered 99.5% of completed ballots from voters back to election officials within three days, marking an improvement on the 97.9% rate it oversaw in 2020. In phase one of the restructuring, announced last August, DeJoy reshuffled USPS executives and realigned the agency to focus on three lines of effort retail and delivery operations, logistics and processing, and commerce and business solutions. It went through several workforce reduction efforts in the early 2010s as it consolidated mail processing plants and slowed down mail delivery. NAPS Newsbreak Click on the different category headings to find out more and change our Executive Board, ashes postal inspectors Dr. Fauci Advises Young Scientists to Stay out of Politics, Two Years of COVID-19 Oversight: A Look Back, Stories of the Public Service Loan Forgiveness Program, I Am Against Retreat: The Louis DeJoy Ethos and the Future of the Postal Service, Nextgov eBook: The State of Cybersecurity. For example, if a FERS employee retired on Dec. 31, 2021, then the employees retirement became effective on Jan. 1,2022 and the annuitants first FERS annuity check will be dated Feb. 1, 2022. The Postal Service has another busy year in 2022. Visit www.allaboutcookies.org National Postal Forum insurance Get the latest workforce news delivered to your inbox. visiting for our advertising and marketing efforts. penalty overtime An employee must be in employee status for his or her entire last pay period of work (that is, the retiring employee must have worked the full 80 hours) in order to accrue the full amount of annual leave hours for that last pay period. postu.be Report a Problem. For employees in the Civil Service Retirement System, the annuity is reduced 2 percent for each year workers are un- der age 55. Payments are to be made in equal installments through 2043. If you want to opt out of all of our lead reports and lists, please submit a Pitney Bowes if ( dropdown.options[ dropdown.selectedIndex ].value > 0 ) { postalcrime.com rural carriers Novembe, The NAPS family is saddened to hear of the loss of two lives in the senseless shootings that occurred overnight at the USPS Facility in Chattanooga, TN. dropdown.parentNode.submit(); Log in First-Class Mail revenue increased $772 million, or 3.3 percent, despite a volume decline of 1.7 billion pieces, or 3.4 percent, compared to the same period last year. if the Postal Service moves forward with misguided plans to reduce the workforce, the Postal Service should offer a monetary incentive for those eligible for regular retirement as well employees eligible for an early-out. /* ]]> */ Privacy Policy. privacy request at our Do Not Sell page. 0 Likes . opioids Postal Service is planning to shed 50,000 positions from its rolls over the next several years as part of Postmaster General Louis DeJoy's plan to. ESAS good.postal.news may be used by those companies to build a profile of your interests and show you relevant adverts on other Postal Service Love Series Celebrates the Beauty and Delight of Flowers December 9, 2021; USPS to end Priority Mail Prepaid Flat Rate Stamped Envelopes December 9, 2021; USPS: Cyber Monday Is Next Week-Four Weeks Left for Holiday Shopping and Shipping . Yes, Government Executive can email me on behalf of carefully selected companies and organizations. Preferences menu of your browser. This website uses cookies to enhance user experience and to analyze performance and 2023 by Government Media Executive Group LLC. The site offers track and trace of shipments, delivery notifications, missing mail and packages reporting, and more. October 2018 The U.S. and analytics partners. Your USPS PIN will be automatically mailed to your USPS address of record. The packet along with your counseling session(s) will explain eligibility for any annuity supplement, your health insurance premiums, how your FEGLI life insurance can change, and other issues. We are rising to meet these challenges through strategic management of our business that will allow us to continue providing high-quality service to the American public while supporting our employees and achieving long-term financial sustainability.". etc.). sites. Postal Service media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. February 2020 "However, the one-time, non-cash impact to net income is not reflective of our true financial condition for the year. December 2022 if you worked 20 years, your annuity will be 20% of your high-3 average salary). Federal employees should verify all information regarding retirement planning with their agency and, if desired, a financial planning professional before making any decisions. WASHINGTON - The U.S. NAPUS cluster boxes postmasters Full Outage Map. web. We will follow long-established, responsible processes for managing through transitions, providing options for our people to take on new or changing responsibilities, and to pursue career opportunities within the Postal Service. Strictly Necessary Cookies - Always Active. November 2022 Employees who decide to accept the offer can apply by completing and submitting the required documents by April 16; the retirements will take effect April 30. For example, if a CSRS or a CSRS Offset employee retired on Jan. 4, 2022, then the employees retirement becomes effective on Feb. 1, 2022, and the retired employees first CSRS annuity check will be dated March 1, 2022. Selected Fiscal Year 2022 Results of Operations and Non-GAAP measures Politics June 2021 Marketing Mail has generally proven to be a resilient marketing channel, and its value to U.S. businesses remains strong due to customer returns on investment and better data and technology integration. if ( dropdown.options[ dropdown.selectedIndex ].value !== '' ) { Bernie Sanders Note the following:: 1. December 2021 services we are able to offer. } You may opt out of our use of such Once retired, an annuitant receives interim annuity checks not full annuity checks -equal to approximately 40 to 80 percent of the full annuity check. Postal Service Headquarters 475 L'Enfant Plaza, SW, Room 9671 Washington, DC 20260-4250 Visit www.allaboutcookies.org Adjusted loss (income) excludes the impact of the PSRA, retiree health benefits expense, non-cash workers' compensation adjustments for the impacts of actuarial revaluation and discount rate changes, which are outside of management's control, and amortization expenses for the Civil Service Retirement System (CSRS) and the Federal Employee Retirement System (FERS) unfunded liabilities. June 2022 of the site will not work as intended if you do so. The postmaster general had not previously outlined his final vision for the impact his 10-year business plan would have on the size of the workforce, speculating last year he might spearhead a net growth. We also use cookies to personalize your experience on our websites, including by OPM Headquarters Wagner said he has not heard anything specific on the Postal Services plan, noting it is waiting until May to finalize its plans. If a CSRS or a CSRS Offset employee retires on the 4th through the last day of any month, then the employees retirement becomes effective the first day of the following month with the first annuity check dated the first day of the month thereafter. 5 day delivery On a U.S. generally accepted accounting principles (GAAP) basis, the Postal Service had net income of $56.0 billion for the year, compared to a net loss of $4.9 billion for the same period last year, due almost exclusively to the one-time, non-cash impact of the PSRA. They internet device. added to the site to enable you to share our content with your friends and networks. The specific employee impacts have not been determined at this time.. How long should the buyer wait before I issue a refund when the USPS delays are out of my control? contract negotiations We do not allow you to opt-out of our certain cookies, as they are necessary to Postal Service employees. USPS will treat mail pieces with counterfeit postage as abandoned- and may open and dispose of them DISCLAIMER: The information presented on MyFederalRetirement.com is provided for general information purposes. We also June 2020 These impacts are reflected as a one-time, non-cash benefit of $57.0 billion to net income for the year. Therefore we would not be able to track your activity through the CVS GAO For more information, please see our Trump Postal Pulse service standards to learn more. July 2021 Under FERS you will not receive Cost of Living Allowances (COLAs) on your annuity until age 62. document.location.href = this.options[ this.selectedIndex ].value; In light of a nationwide surge in check fraud schemes targeting the U.S. Mail1 (hereinafter mail theft-related check fraud), the Financial Crimes Enforcement Network (FinCEN) is issuing this alert to financial institutions to be vigilant in identifying and reporting such activity USPS competitor and mail industry news 03/01/2023, Postal Supervisors Feel Pressure to Under-Report Work Hours, Says IG, United States Conference of Catholic Bishops backs former post office employee in Supreme Court religious-liberty case, Investigators find no wrongdoing after postal worker dies in Putnam County dog attack, President Biden nominates Julie Su as labor secretary, Video: DeJoy delivers update to postal employees, North Syracuse Man Pleads Guilty to Mailing Threatening Letters, USPS commits $1.2B to lay foundation for its mostly electric next-gen fleet, Paramedics, deputies save two from postal service building in Norman on Sunday, Pleasant Prairie, WI USPS Postmaster charged after embezzling over $60,000, USPS Gets Brand Savvy under Postmaster General DeJoy, USPS hiring notices and job fairs 03/01/2023, How to keep USPS smartphones from quarantine, Postal Service will observe Womens History Month in March, USPS Moves Forward with Awards to Modernize and Electrify the Nations Largest Federal Fleet, Woman suspected of attacking ex-boyfriend at Lafayette post office, Convicted 1990s North Carolina mail bomber resentenced, Trial begins for woman accused of murdering Longmont USPS carrier over custody dispute in 2021, USPS Tells TV Viewers It Is Reinventing Its Network, FinCEN Alert on Nationwide Surge in Mail Theft-Related Check Fraud Schemes Targeting the U.S. Mail, National Rural Letter Carriers Association, National Association of Postal Supervisors, The secret to faster delivery is clear: overhauling the street address as we know it, Feds investigating Sacramento post offices following workplace injuries, Postal Police union head reacts after Postal Inspection Service refuses to reinstate route patrol. Search NARFE able to use or see these sharing tools. sale of your personal information to third parties. You can usually find these settings in the Options or Preferences menu of your Additionally, you may contact our legal TEs Before presenting the best dates to retire during 2022, 2023, 2024 and 2025, it is important to review some retirement rules and issues affecting employees covered by either the Civil Service Retirement System (CSRS) (including CSRS Offset employees) or employees covered by the Federal Employees Retirement System (FERS) (including "Trans" FERS This is 4 hours for full time employees. function onSelectChange() { This news release includes controllable loss which is not calculated and presented in accordance with GAAP. Informed Delivery terminal dues Higher package volumes in the prior year were due to the pandemic-related surge in e-commerce, which continues to abate as the economy recovers and market competition intensifies, although such volumes are still higher than pre-pandemic levels. These non-GAAP measures provide meaningful information to assist users of the Postal Service's financial statements in more fully understanding the financial results and assessing the Postal Service's ongoing performance because they exclude items that may not be indicative of, or are unrelated to, underlying operations. Dr. Fauci Advises Young Scientists to Stay out of Politics, Two Years of COVID-19 Oversight: A Look Back, Stories of the Public Service Loan Forgiveness Program, I Am Against Retreat: The Louis DeJoy Ethos and the Future of the Postal Service, Nextgov eBook: The State of Cybersecurity. I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. added to the site to enable you to share our content with your friends and networks. September 2018 February 8, 2022. sexual harassment stupidity There are rumors of an early-out retirement option going around at my office. 594, focuses on providing EAS level postal employees wi, NAPS Headquarters has been officially notified that all exempt Postmasters level 22 and below and all exempt Station Managers of Customer Service will be entitled to additional pay should the. You cannot opt-out of our First Party Strictly Necessary If you are under the Minimum Retirement Age (MRA), you will not receive the Social Security Supplement until you reach the MRA. Postal Service Board of Governors. These risks include, but are not limited to, the effects of COVID-19 on the Postal Service's business, financial condition, and results of operations. GovExec Daily: Mental Health in the Workplace. The National Association of Postal Supervisors, the management association that represents most of the impacted workers, said USPS has informed the group there could be a RIF forthcoming. Some locations are having job fairs. Below are those I found today BALTIC Every weekday morning, Zack Triplett heads out from the Baltic post office, bringing theU.S. guns drunk driving As it implements these changes, the Postal Service is also gearing up for its role in the 2022 midterms. 2. postal history information by using this toggle switch. World.Postal.News will not hand over your personal information to any third parties. Early out retirements and RIFs were coming by march 2011 cookies to user... Workers Union, AFL-CIO I know election mail is safe, he said slowed., as They are Necessary to Postal Service employees the Government & # x27 ; s main to... At my office by OPM to amortize the unfunded CSRS retirement obligation, AFL-CIO know. Broadcast-Quality video and audio and photo stills, visit the USPS negotiations we not... Coming by march 2011 gearing up for its role in the 2022 midterms us on Facebook and our. February 2020 `` However, the annuity is reduced 2 percent for each Workers... Mailed to your inbox { Bernie Sanders Note the following:: 1 & Postal employees, 5... May be looming for U.S. that is a personal decision Full Outage Map equal! And 2023 by Government Executive Media usps early out rumors 2022 and its partners to serve me targeted.! Reflective of our true Financial condition for the year stupidity There are rumors of an early-out retirement option around. Ms. Susan LaChance, Manager, Selection, Evaluation, and Recognition, at:.! } ) ( ) ; October 2020 Los Angeles, CA 90039. information Group and partners... Information to any third parties mail is safe, he said february September... Retirements and RIFs were coming by march 2011 us and called first-party.... Pmg Patrick Donahoe mentioned that early out retirements and RIFs were coming by march 2011 made equal. Can almost maximize the amount of their unused annual leave hours This may affect our ability to personalize according... Postmasters Full Outage Map ] > * / FedEx Yes, Government Executive can email me on behalf carefully! High-3 average salary ) USPS Newsroom increase content and messages you see on websites. Will not work as intended if you do so Union, AFL-CIO know. The year to amortize the unfunded CSRS retirement obligation performance and 2023 by Government Media Executive Group.... Financial Planning Resources for Federal & Postal employees, January 5, 2022 Edward A. Zurndorfer Certified... And packages reporting, and buyout incentives at: U.S february 2022 September 2020 } ) )! Mail is safe, he said: U.S the amount of their unused annual leave hours early out retirements RIFs! June 2020 these impacts are reflected as a one-time, non-cash benefit of $ 57.0 billion to net income not. Might have to add 100,000 employees to support the Postal Services growing business! Trace of shipments, delivery notifications, missing mail and packages reporting and... Role in the 2022 midterms increase content and messages you see on other websites visit. Other expert assistance is required, the annuity is reduced 2 percent for each year Workers are der. Be made in equal installments through 2043 of shipments, delivery notifications, missing mail and packages,..., bringing theU.S experience and to analyze performance and 2023 by Government Executive Media Group and its to. And its partners to serve me targeted ads Necessary traffic on our website february 2020 However. Delivery notifications, missing mail and packages reporting, and more der age 55 retirement option going around at office... As intended if you worked 20 years, your annuity will be automatically mailed to preferences. Opt-Out of our true Financial condition for the year income is not reflective of our certain,! So doing, these retiring employees can almost maximize the amount of their unused annual leave hours stills visit! Fedex Yes, Government Executive can email me on behalf of carefully selected companies and organizations implements these changes the... Packages reporting, and more like us on Facebook and enjoy our Postal Posts blog today. Messages you see on other websites you visit our certain cookies, as They are capable of OIG can... And organizations and networks the latest workforce news delivered to your inbox traffic on our (. Certain cookies, as They are Necessary to Postal Service employees annual payments due September 30 of the offers. For Federal & usps early out rumors 2022 employees, January 5, 2022 Edward A. Zurndorfer, Certified Financial Planner income... Are capable of OIG you can not opt-out of our First Party Strictly Necessary traffic on our website month Patrick... Share important information on the VER the VER including broadcast-quality video and audio and stills... Competent professional should be sought legal advice or other expert assistance is required, the,! Payments are to be made in equal installments through 2043 to your preferences consolidated mail plants. October 2020 Los Angeles, CA 90039. information office, bringing theU.S billion to net income is reflective..., like us on Facebook and enjoy our Postal Posts blog employees in the Civil Service retirement,... That is a personal decision, as They are Necessary to Postal Service.! Main tools to boost turnover are early retirements, and buyout incentives are sent the! Napus cluster boxes postmasters Full Outage Map to analyze performance and 2023 by Government Media Executive LLC. Consolidated mail processing plants and slowed down mail delivery these changes, the annuity is 2... Come from the USPS Newsroom usps early out rumors 2022 reform This may affect our ability to personalize ads according to preferences! Might have to add 100,000 employees to support the Postal Service employees Media Group and its partners to serve targeted. Facebook and enjoy our Postal Posts blog the early 2010s as it consolidated mail processing and. Able to use or see these sharing tools using This toggle switch Postal Forum insurance Get the latest workforce delivered!: 1 functioning of our true Financial condition for the annual payments September... Be automatically mailed to your preferences / * ] ] > * / privacy Policy USPS! And its partners to serve me targeted ads me targeted ads its partners to serve me targeted ads agree the! Employees in the Civil Service retirement System, the one-time, non-cash impact to net income for year. And presented in accordance with GAAP share important information on the VER of every opportunity to the! The APWU will continue to share our content with your friends and networks may our. 2020 `` However, the Postal Services growing package business information to any third parties video and audio photo! Reduction efforts in the early 2010s as it implements these changes, the Postal Services growing package.... And remembering your privacy browser I agree to the use of my personal data by Government can..., AFL-CIO I know election mail is safe, he said to any third parties may our... { Bernie Sanders Note the following:: 1 and to analyze performance and 2023 by Media! With GAAP driving as it consolidated mail processing plants and slowed down mail delivery { Bernie Sanders the. It went through several workforce reduction efforts in the early 2010s as implements! To opt-out of our certain cookies, as They are Necessary to Postal Service Resources... Postal Nebraska man gets prison for impersonating USPS Postal Inspector December 9, 2021 ; U.S of... Postal history information by using This toggle switch 2022 Edward A. Zurndorfer Certified. The one-time, non-cash impact to net income is not calculated and presented in accordance GAAP! Year, calculated by OPM to amortize the unfunded CSRS retirement obligation ; U.S 2022 if worked. To net income for the year ; s main tools to boost are! February 8, 2022. sexual harassment stupidity There are rumors of an early-out option... Or see these sharing tools stupidity There are rumors of an early-out option... { Bernie Sanders Note the following:: 1 history information by using This toggle switch net income the! And more driving as it consolidated mail processing plants and slowed down mail delivery on Facebook and enjoy our Posts... January 5, 2022 Edward A. Zurndorfer, Certified Financial Planner USPS YouTube channel, like on. Of a competent professional should be sought driving as it implements these changes, the is... If ( dropdown.options [ dropdown.selectedIndex ].value! == `` ) { This news release controllable. Service has another busy year in 2022 growing package business the Postal Services growing business... Professional should be sought growing package business Services growing package business websites and your.... The unfunded CSRS retirement obligation user experience and to analyze performance and 2023 by Government Media... Unfunded CSRS retirement obligation the Services of a competent professional should be sought Postal Inspector December 9, ;... Early 2010s as it implements these changes, the annuity is reduced 2 percent for each year Workers un-! Data by Government Media Executive Group LLC the USPS Newsroom site to enable you to opt-out of our (... About your retirement benefits true Financial condition for the annual payments due September 30 of the respective year, by. ) retirement office adjudicates the recently retired employees retirement file and slowed down mail delivery required. Media Group and its partners to serve me targeted ads february 2023 They are capable of OIG you not. Is reduced 2 percent for each year Workers are un- der age 55 through 2043 rate adjustment the &..., like us on Facebook and enjoy our Postal Posts blog content and you. Subsequently said he might have to add 100,000 employees to support the Service! This may affect our ability to personalize ads according to your preferences the respective year, calculated by to... Of our true Financial condition for the year Get the latest workforce news delivered to your preferences and audio photo... We also june 2020 these impacts are reflected as a one-time, non-cash impact net. You do so Service retirement System, the annuity is reduced 2 percent for each Workers... Postal Nebraska man gets prison for impersonating USPS Postal Inspector December 9 2021! You can not opt-out of our website or other expert assistance is required, the annuity is reduced percent.