Sunday, September 25, 2011

Postal Bill Would Authorize Layoffs, Force Out Senior Employees First

Issa's 'Postal Destruction' Bill Passes House Subcommittee

"...carry out layoffs, in spite of any provisions in collective bargaining agreements that might limit them. In addition, it says that employees who are eligible for retirement must be laid off before employees who are ineligible, and dictates that retirement-eligible employees with the longest service must be separated first...."


Friday, September 23, 2011

Postal Voluntary Early Retirement Authority must be requested

Voluntary Early Retirement (VER)

"... As with any agency, the Postal Service must request VERA and receive approval from the Office of Personnel Management (OPM) before making an offer of early retirement to its employees. The approval from OPM will stipulate a period of time during which the option will remain available. ..."


Postal Service could offer buyout incentives to employees

House subcommittee pushes forward GOP plan to repair USPS

"... Rep. Elijah Cummings (D-Md.) introduced a competing measure just hours before the meeting that would let the Postal Service recover $6.9 billion that it says it has overpaid to the Federal Employees Retirement System. The Postal Service could use that money to offer buyout incentives to employees, which Cummings said was more "dignified" than the alternatives proposed. ..."


Tuesday, September 20, 2011

Postal Service may offer early retirement and buyouts

Republicans blast White House plan to revive Postal Service

"... The administration isn't calling for a reduction of workers; it instead wants the agency to offer early retirement and buyouts, possibly using the surplus FERS fund for that. The plan also doesn't allow USPS to withdraw from FERS because the move "needs greater scrutiny and additional time for analysis," an official said. ..."