"...A retiree may have to pay another $1,600 or more per year in Medicare premiums, according to Thissen. “A Postal Service Medicare eligible annuitant subject to this section may not continue coverage under the Postal Service Health Benefits Program unless the Postal Service Medicare eligible annuitant enrolls in Medicare part A, Medicare part B and Medicare part D,” the bill said..."
"...The USPS’ inspector general posted the requests on the FedBizOpps, asking for a supplier with “subject matter expertise” to develop a report that compares the Postal Service’s leave and paid holiday program and retirement benefits to those offered by “major private-sector companies.”..."
This Article is From: www.govexec.com
"...I am a CSRS USPS employee (age 56 with 35 years’ service) thinking about retiring at the end of the year. Do the same dates hold true for postal workers as federal employees? To maximize my benefits..."
This Article is From: federaltimes.com
"...Sen. Carper suggested that Congress give the Postal Service the means to "give more incentives for employees to retire."..."
"...About 550,000 full-time career federal government employees and U.S. Postal Service workers could hang it up and move on..."
"..."The proposals would cause the government to assume responsibility for USPS retiree benefit expenses without a corresponding increase in government oversight," he said.
Worse, "if this became common practice, the financial soundness and integrity of the trust funds would be severely compromised..."
"...If the goal of 7,500 jobs is not reached through voluntary retirements, Donahoe might look at financial incentives for retirement. "We'll just have to work through it and see," he said. ..."
"...a mail-handler forklift operator. He worked in the same position until his last day of work Tuesday. "I've never really given it a thought (about retiring earlier), to be honest with you. My old supervisor would ask me, `Chester, when are you going to retire?' and I would tell her, `It's none of your business, you know," he said laughing. ..."
Take a look at the FederalSoup forum (page 38) for the latest "early out retirement offer rumor" ...this one claims a July 2010 announcement. Additionally, the individual claims that the PMG was at their plant and spoke of it, along with other interesting information found in the post. Take a look!
Rumor
"...Postal employees on temporary total disability who are interested in applying for the $15,000 incentive should be aware of an opinion issued by the Office of Workers Compensation on Sept. 24:
According to the agency, the incentive would be offset by reduced payment of compensation under the Federal Employees’ Compensation Act (FECA). “The $15,000 amount will affect the amount of FECA (Federal Employees’ Compensation Act) compensation a claimant on total disability will be entitled to,” the Division of Federal Employees’ Compensation wrote [PDF].
However, compensation payments based ..."
"...Potter, who was named by a GOP-appointed Postal Board during the Bush administration, has proposed cuts in the workforce as the solution. He says that at least 677 post offices should be closed, most of them in major cities, and that 55,000 workers should be fired. The USPS workforce, the unions note, has already shrunk, through retirements and buyouts, to 603,000 workers, from 773,000 several years ago...."
Where does a postal employee go to retire? Some postal retirement seekers look to Florida for retirement living ...and where better to live than in a postal retirement community with nothing but other retired postal workers living next to you? No dogs allowed! The community is restricted to union letter carriers. Residents must be members in good standing with the National Association of Letter Carriers(NALC). The postal community offers a strong sense of community, a golf course is a half-hour away, twice a day a Nalcrest van transports residents to Lake Wales for a nominal fee for shopping, doctor appointments and other errands, and its 500 apartments are clustered in 66 one-story buildings spread over 153 acres around two large lagoons popular with residents who fish and boat. Another 150 acres of undeveloped land surrounds the complex. Sunny Florida breezes sweeten the air with the aroma of retirement.
The first step in preparing for a possible postal buyout is to know Your FERS Retirerment, How To Prepare For It How To Enjoy It
