USPS Retirees Self Plus One Coverage Information from OPM

The Office Of Personnel Management (OPM) released the following information regarding the new Self Plus One (SPO) health coverage. Federal Benefits Open Season – Announcing NEW Enrollment Type  October 12, 2015 – The Federal Employees Health Benefits (FEHB) Program is introducing the new Self Plus One (SPO) enrollment type during this annual FEHB Open Season […]

FERS & CSRS Disability Retirement and the Postal Worker: Planning for Tomorrow’s Today

By Attorney Robert R. McGill The golden days of yesteryear are gone. Time was, employment with the U.S. Postal Service was not merely another job, but a career that ensured job satisfaction, income security, and a sense of investment for the future. Then, technology and the promise of innovation arrived; “efficiency” was the word for […]

USPS: Tools and resources available for retirement planning

Looking forward Tools and resources available for retirement planning Whether you are new to the Postal Service or a longtime employee, it’s never too early — or too late — to begin planning for your retirement. These tools can help: Federal ball park estimator: Includes projected federal annuity and Thrift Savings Plan (TSP) benefits to […]

OIG White Paper: USPS financial condition, higher postage rates due to prefunding

USPS OIG White Paper: Considerations in Structuring Estimated Liabilities Be Careful What You Assume: Postal Service closer to being fully funded, or potentially overfunded February 16, 2015 – What if your credit card company told you: “You will charge a million dollars on your credit card during your life; please enclose the million dollars in […]

USPS closing bulk of plants starting in April 2015, postal employees retiring on VER in January

Some Postal Employees in USPS Western Area retiring January 31, 2015 As PostalReporter (correctly) reported in November, USPS sent out “Special Voluntary Early Retirement (VER) opportunity letters to eligible employees” at targeted post offices.  The VER letters were also sent to ” eligible employees within 50 miles” of the targeted locations. This VER (with no […]

Video: Retired postal worker seeks $50K refund for health insurance overpayment

BELLWOOD, Ill. (WLS) –A west suburban woman is demanding a refund that she says adds up to about $50,000 in overpaid insurance deductions. The I-Team investigation may leave you examining your own paycheck. At this point it’s unclear if anyone is responsible for refunding a retired post office worker, but she believes she overpaid tens […]

Deadline Approaches For Mail Handlers Early Retirement Incentive

Under the terms of a Memorandum of Understanding signed by the NPMHU and the Postal Service on May 22, 2012, eligible Mail Handlers have until July 2, 2012 to choose to leave employment with the USPS (on or before August 31, 2012) and thus receive incentive payments totaling up to fifteen thousand dollars (for full-time […]

USPS Wants to Offer Eligible Postal Workers Early Retirement?

As Don Cheney pointed out: With all the other commotion going on, most eligible postal employees have overlooked this. I’m amazed anyone would retire right now without waiting to see what comes out of Congress by November 18th, the new deadline for USPS to make its $5.5 billion payment. 

USPS Pacific Area to offer VER to carriers and clerks

USPS Newsbreak: Voluntary Early Retirement to be offered to carriers and clerks in select locations In a move to further right-size complement levels to better match workload, the USPS Pacific Area is offering a voluntary early retirement (VER) to carriers and clerks working at select impacted sites and at non-impacted offices within a 50-mile radius […]

OPM: Retirees Fed Tax Withholding Increases, Annuity Check Decreases In 2011

The Office Of Personnel Management issued the following anouncements: Annuitant Federal Tax Withholding Increase On December 16, 2010, Congress elected not to extend the “Making Work Pay” credit. The “Making Work Pay” credit, part of the 2009 Stimulus Package, expired on December 31, 2010. This could mean higher federal tax withholding amounts in monthly annuities […]