The Postal Service will extend voluntary early retirement (VER) offers to eligible mail handlers and clerks, beginning Jan. 8. The offers will contain three retirement-effective dates from which eligible employees may choose: Jan. 31, Feb. 28 and March 31.
While USPS has been taking aggressive steps to cut costs and increase efficiencies, additional operational changes are necessary. The Postal Service is exercising the Voluntary Early Retirement Authority (VERA) delegated to it by the U.S. Office of Personnel Management. This VERA action is part of ongoing efforts to rightsize the Postal Service’s workforce and reposition its network through attrition to match current workloads.
Employees who accept the offers will be able to retire before they reach the standard requirements for age and years of service.
Eligible employees will receive their offer letters and annuity estimates at their addresses of record. Employees can change or update their addresses on LiteBlue.
Eligible employees who decide to accept an early-retirement offer can apply by completing and submitting the required documents by the deadline specified in their offer letters. For eligible employees who decide not to accept the offer, no response is required.
The Postal Service is not offering separation incentives to accept the early-retirement offer.
source: USPS News Link
Question to APWU about Early Out in 2016
Question: Will there be an early-out?
Answer: Management can only offer Voluntary Early Retirement (i.e. to workers who aren’t eligible for retirement) with approval of the Office of Personnel Management (OPM). OPM will only approve such a request when an agency needs to downsize, and the Postal Service has been hiring. If management wishes to incentivize eligible employees to retire by offering bonuses, the Postal Service would have to negotiate with the union. Management hasn’t expressed any interest in negotiating early-outs.