FedEx Corp. is overhauling its retirement program as it adjusts to broader changes in the workplace. FedEx will stop offering a guaranteed pension for new hires, replacing it with an expanded 401(k) it believes will make it more competitive in the recruitment marketplace. Under the new plan, which will be launched at the start of […]
Senator Urge OPM Director Not to Balance Budget On Backs of Federal Workforce WASHINGTON – U.S. Sen. Mark R. Warner (D-VA) and a group of 25 Senators wrote a letter to Director of the Office of Personnel Management (OPM) Jeff Pon, urging the Trump Administration not to cut retirement benefits for the nation’s federal workforce. […]
Chief Customer and Marketing Officer James P. Cochrane will retire next month after more than 43 years of USPS service. Postmaster General Megan J. Brennan announced the retirement in a Jan. 2 memo, writing that Cochrane has had “a lasting impact” on the organization and the mailing and shipping industry. “In his recent roles as […]
10/2/2017 During the latter part of this week, the House of Representatives will vote on a budget bill (H.Con.Res. 71) that would, in part, require the Oversight and Government Reform Committee to slash postal and federal benefits by at least $32 billion over the next decade. In addition, the budget bill would move the Postal […]
National Association of Postal Supervisors (NAPS) Leg/Reg Update : 5/25/17 The Fiscal Year 2018 budget sent to Congress by President Trump earlier this week proposes legislative changes that would impose dramatic cuts in federal retirement benefits for current and future retirees and potentially erode the current size of postal employee paychecks. It also would provide […]
From Government Executive Trump Suggests USPS Cut Retirement, Health Benefits in $46B Savings Package – President Trump proposed overhauling the U.S. Postal Service in his fiscal 2018 budget released Tuesday, calling for a slew of changes that would save the agency $46 billion over 10 years. The White House suggested USPS bring its retirement benefits […]
The Washington Post’s Joe Davidson is reporting that Donald Trump’s proposed budget, due to be unveiled on Tuesday, would cut federal workers’ retirement benefits. via the Denver Post is reportingTrump’s fiscal 2018 budget would: Increase Federal Employees Retirement System contributions from workers by 1 percentage point each year until they equal the government’s contribution. Base […]
LOVES PARK, Ill. (WIFR) – A local postal worker is hanging up the mail bag after delivering letters for 50 years. Family, friends, and postal officials recognized Frank Loebach for his dedicated service on Friday. Loebach started his career back in 1966 and has seen many changes in the Rockford area including the post office […]
3/18/16 As the Office of Personnel Management (OPM) announced last year the Federal Employees’ Group Life Insurance Program (FEGLI) will have a life insurance Open Season from September 1, 2016 through September 30, 2016. Do Employees Have to Prove Insurability? No. Employees can elect coverage during this Open Season without having to prove insurability, pass […]
USPS Inspector General (OIG) David C. Williams announces retirement US Postal Service Inspector General David C. Williams announced that he is leaving the agency effective February 10. Williams was sworn in as Inspector General (IG) for the U.S. Postal Service on August 20, 2003. Here is the letter announcing his retirement: January 22, 2016 I […]