Incentive Letters to be Sent Beginning Oct. 10
APWU Web News Article 124-2012, Oct. 10 , 2012
The USPS is scheduled to send letters offering incentives to APWU-represented employees who are eligible for regular retirement or voluntary early retirement (VER) during the week of Oct. 10. The letter and additional information will be mailed to employees at their home address of record.
Employees who do not qualify for regular or early retirement may resign in order to receive the incentive, provided they mail a signed original PS Form 2574, Resignation from the Postal Service, effective Jan. 31, 2013, to:
Human Resources Shared Service Center
P.O. Box 970520
Greensboro, NC 27497-0520
Employees must note on the Form 2574 that their resignation is for the “Special Incentive Offer.” The form must be received by the HRSSC no later than Dec. 3, 2012.
To qualify for regular retirement, employees must have at least:
- 30 years of service and be 55 or older; or
- 20 years of service and be age 60 or older; or
- 5 years of service and be age 62 or older.
To qualify for early retirement, employees must have at least:
- 20 years of service and be 50 years of age or older, or
- 25 years of service at any age.
- For employees in the Civil Service Retirement System, the annuity is reduced 2 percent for each year workers are under age 55.
Employees who as of Sept. 28, 2012, had a scheduled resignation date before Jan. 31, 2013, may still resign on their scheduled resignation date and be eligible to receive the incentive.
Employees who had a previously scheduled resignation date after Jan. 31, 2013, must change their date to Jan. 31, 2013, in order to receive the incentive. They must contact the Human Resources Shared Service Center (HRSSC) no later than Dec. 3, 2012, and change their resignation date to Jan. 31, 2013.
For further information regarding the Incentive Offer, see APWU Incentive at a Glance [PDF]USPS LiteBlue, and Frequently Asked Questions [PDF] USPS LiteBlue
All eligible employees for retirement have to retire effective 01/31/2013. This means if you are CSRS, CSRS-Offset and FERS, you do so according to APWU’s negotiated early incentive. Normally, if you fall under CSRS and CSRS-Offset, your retirement dates would be the first three days at the beginning of the month. Your annuity would kick in the day following your retirement day. FERS retiring days are the last three days of the month. Since everyone is required to retire on 01/31/2013, when would the annuity begin for CSRS and CSRS-Offset retirees? Has anyone even thought about this?
Where are the letters? Did they send them UPS? I need out of this operation.
To Joker: you qualify for the VER and the $15000. incentive base on your age and yrs. of service. I have 10 yrs of service and I am 61 yrs. old. If any doubts contact HRSSC and they will explain everything.
When are they going to do carriers????
never
Lol
i think they do new incentives after they pay off the old ones which will be in two years! so keep on deliving dude!
I called about the discrepancy on the application saying you have to include a copy of your marriage certificate and your military DD214.
NO, YOU DO NOT.
The application is just to get you scheduled for an interview where they will discuss what more they need, then.
Can anyone verify this for me ? Maybe the person who retired at 48 ? I am 60 with 15 yrs of service . I realize I do not qualify for the VER but I believe I qualify for the incentive under MRA plus 10 with optional early retirement with a permanently reduced annuity . They are excessing out of my plant and it is a harship for people – they are driving older people out , IMO. Also , if anyone took the buyout in ’09, did you look into unemployment ? It looks like in some states , if you are forced into early retirement you may qualify for unemployment benefits .I’d love some info on this as I am SURE HR is clueless as always . Thanks !
Can anyone verify if I am understanding this correctly ? It does not say so in this post but on LiteBlue, I believe it was , it did say that those who are MRA plus 10 also qualified for the incentive but would not have the protection of the VER, that is no penalty , but would be penalized at 5% per year for every year under 62 .
At this point , I am watching those around me die and have heart attacks from stress being forced 100;s of miles away into other crafts,etc. It won’t matter if I wait another year or two under FERS to make another $1000 a year on a pension – wahoo . Life is too short . I am leaning towards the buyout but of course NO ONE will definitely answer me . Just wondered if anyone else reads it the same way and also , did anyone take the buyout in 09 ? It also looks like in some states being forced into retirement because of a significant change in duties qualifies you for unemployment . WOuld love some feedback /info – thanks.