Postal Buyout

What is the latest information on the possibility of a buyout or early retirement bonus from the postal service?

A quick search of the web offers numerous possibilities in this arena. However, all the sources verify that there is not a postal buyout offer on the table at this time. Rumors are purely speculation and wishful thinking on the part of many. It appears that the environment is ripe for such offers. Some think that the USPS feels they can reduce employment numbers adequately through attrition. Although many feel reduction through attrition will not be sufficient due to the harsh economic realities this country is now facing, therefore many postal employees are either delaying retirement or not even considering it anymore. With the economy in such bad shape and postal pay raises being so small under the latest union contracts, many feel there will have to be an early out retirement cash bonus before retirement will be considered. If you are seeking more information on this subject, a search of the web offers the following informative links:

Postal eDaily

Postal News Network

Federal Times

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Rumors of.... USPS Postal Buyout? Volunteer Early Retirement?

Plenty of rumors are floating around across the nation from postal facility to postal facility about postal early outs, USPS buyout programs and Volunteer Early Retirement (VERA). There are very few articles to be found on this subject. There is no doubt that the postal service is determined to reduce the numbers of employees substantially to justify the cost of automation as well as justifying the ridiculously low rates offered to big bulk mailers. Here are a couple of articles we have found on the subject. NOTE: None of this information has been verified, so take it with a grain of salt. The first article is from the Federal Times. This short article details the USPS' authority, or lack of authority, relative to offering a program to only CSRS and excluding FERS. The second article is from the PostalReporter.com. This article references a letter from the Los Angeles APWU detailing an upcoming Volunteer Early Retirement Authority (VERA) approved by OPM. Again, we have not verified the source. However, we speculate, if the letter is genuine, there would not be many APWU members that would take this offer, as it offers no monetary incentive. L.A., due to the size of the district, would be a great test ground to determine if the USPS would be successful without an incentive ...not going to happen for the majority since it would be costly to an employee not at Minimum Retirement Age (MRA). What do you think? If you have any paperwork that the reference can be verified, please share it with us!