Sunday, January 20, 2013

The G Fund and Government shutdown

Government shutdown and the G Fund

"... So what is the status of the G Fund (not to mention the stock market itself) when politicians push us toward, then rescue us from going over the fiscal cliff? Or paying our national debt, or facing mandatory cuts because of sequestration? But first, a quick overview of the TSP. ..."


Source: www.federalnewsradio.com

Tuesday, January 15, 2013

Approximately 14% of APWU represented workforce take postal service buyout offer

26,500 postal clerks, drivers take buyout

"... The total represents 14 percent of the roughly 189,200 employees in that workforce who were eligible for the deal. It exceeds the 20,000, “plus or minus a few thousand,” USPS human resources chief Tony Vegliante said in October he was hoping would accept the offer. ..."


Source: www.federaltimes.com

Thursday, November 1, 2012

2013 Social Security COLA increase lowest since the 70's

Staying Educated on Social Security’s COLA Increase

"... government announced an increase to Social Security’s cost of living allowance, better known as COLA. This increase of 1.7 percent is ..."


Source: tellmenews.com

Friday, October 26, 2012

Postal Service buyout amounts shrinking

$hrinking buyouts: An offer you can't refuse?

"... By the time buyouts were offered to members of the mail-handler craft, they had shrunk to $15,000 — the current level — and roughly 3,000 took the money and retired. ..."


Source: www.federalnewsradio.com

Sunday, October 7, 2012

WIll newest postal retirement offer produce anticipated numbers?

USPS, postal union agree on retirement incentives

"... “Sixty percent of APWU’s workforce is eligible to retire,” Ali Ahmad, a spokesman for the House Oversight panel, said in a statement. “Until we see whether this agreement actually leads to retirements from workers who weren’t going to retire anyway, it’s premature to assess the impact it will have on USPS’s financial situation.”..."


Source: thehill.com

Monday, October 1, 2012

APWU buyout incentive approved

APWU, USPS Negotiate Retirement Incentive

"... The APWU has negotiated a retirement incentive agreement that awards eligible full-time career employees a $15,000 payment in two installments, President Cliff Guffey has announced. The first installment will be $10,000; the second will be $5,000. ..."


Source: www.apwu.org

Friday, September 21, 2012

2013 Social Security COLA?

Budget office makes 2013 COLA prediction

"... projection of a 1.3 percent cost-of-living adjustment on Dec. 1 in military and civilian retired pay and Social Security. There had been discussion earlier this year that the annual COLA could ..."


Source: www.marinecorpstimes.com

Use the Postal Service to get some cash

U.S. Postal Service Gives Customers Chance to Get Cash For Their Old Electronic Devices

"... The Postal Service is working with MaxBack, an electronics recycling company, which specializes in reducing waste that ends up in landfills by either buying back or simply recycling unwanted electronics. Visit www.usps.com/ship/recycle-through-usps.htm and follow four easy steps to find out how much your old cell phone is worth and to see if your items qualify for instant cash..."


Source: www.heraldonline.com

Wednesday, September 19, 2012

When is the best time to retire from the USPS?

Best time to retire from USPS

"... To maximize your benefits when you retire, you need to do only two things..."


Source: federaltimes.com

Tuesday, September 11, 2012

Postal Buyout: 4,100 career postmasters, 2,952 mail handlers take offer

3,000 mail handlers accept buyouts

"... The Postal Service plans to pay the $20,000 in two equal installments — this December and in December 2013. More than 3,300 managers have until Nov. 19 to decide whether to accept an early retirement offer announced last month. The offer is open to a small fraction of some 55,000 employees covered by the agency’s Executive and Administrative Schedule (EAS). Those who sign up must agree to retire by year’s end. The offer is not accompanied by a buyout. ..."


Source: www.federaltimes.com

Friday, August 10, 2012

APWU retirement incentive update

APWU retirement incentive

"... As we reported in June, the APWU has been engaged in informal conversations with management on financial incentives to encourage employees to leave the Postal Service...."


Source: www.apwu.org

Friday, July 13, 2012

Will the postal service miss Aug. 1 deadline for making a $5.5 billion payment to the Treasury for retiree health benefits.

Carper tussles with House as deadlines near on postal reform

"... Carper co-authored legislation the Senate passed in April that would return to the postal service $11 billion it overpaid to a pension fund. The legislation also aims to protect the service’s long-term financial viability while keeping services such as Saturday delivery alive for as long as possible. ..."


Source: delawareonline.com

Monday, July 2, 2012

Difference Between Deferred Retirement vs. Postponed

What's the Difference Between Postponed vs. Deferred Retirement?

"... eligible for an immediate FERS retirement? Then you need to know the difference between a postponed and a deferred retirement. They sound similar, but there are big differences. ..."


Source: www.fedsmith.com

Friday, June 29, 2012

Voluntary Early Retirement Question

VERA and cost-of-living adjustment

"... considering taking the Voluntary Early Retirement Authority that has been offered to Postal Service mail handlers for Sept. 1. I am in FERS. Is there a cost-of-living adjustment? If so, when ..."


Source: federaltimes.com

Friday, June 8, 2012

Early retirement not an option for many postal employees

Rural postmasters face ‘life-changing' decision

"... must make a wrenching personal choice: Sign up for early retirement, sweetened by a $20,000 buyout, or hang on for now and take his chances later in the struggling local economy. "I can't afford to take retirement ..."


Source: www.federaltimes.com

Friday, June 1, 2012

APWU members unhappy about no retirement buyout incentives

Conversation on Incentive for APWU employees

"... "This is utterly ridiculous that the mailhandlers union thinks more of their employees than the apwu. " ..."


Source: federalsoup.federaldaily.com

Friday, May 25, 2012

USPS Early Retirement Buyout Incentive Offered to postal Mail Handlers

Mail Handlers to be offered retirement incentive

"... The monetary incentives included in the MOU will be available (with certain restrictions) to all Mail Handlers who are currently eligible for regular retirement, voluntary early retirement, and all other employees who may wish to separate from the Postal Service. ..."


Source: npmhu317.blogspot.com

Tuesday, March 13, 2012

Buyouts not needed for Postal executives and white collar employees not covered by union contracts

Postal Service may RIF up to 2,000; buyouts, early outs also expected

"... Those affected would generally be white-collar executives, supervisors and administrators who lack union representation. The jobs involved would be among 30,000 career positions the Postal Service plans to eliminate through the downsizing by late next year. ..."


Source: www.federaltimes.com

Friday, March 9, 2012

Now is not the time to retire!

Best time to retire: Not now!

"... A growing number of federal agencies are offering early-retirement and buyouts ($25K before deductions) to meet lower budgets and avoid equally costly ..."


Source: www.federalnewsradio.com

Saturday, March 3, 2012

USPS plans massive job cuts

US Postal Service facing massive job cuts

"... the USPS announced that it will close or consolidate 223 mail processing plants beginning as early as May or June. The plan may pink-slip some 35,000 workers. According to the USPS..."


Source: www.amsterdamnews.com