Showing posts with label Voluntary Early Retirement. Show all posts
Showing posts with label Voluntary Early Retirement. Show all posts

Monday, March 23, 2009

Postal District Closings, Voluntary Early Retirement, and Reductions


On March 20, the US Postal Service announced District Closings, Voluntary Early Retirement, and Reductions. The announcement reads as follows:



USPS ANNOUNCES ADMINISTRATIVE OFFICE CLOSINGS, EARLY RETIREMENT OFFER AND
STAFFING REDUCTIONS


Today the Postal Service has announced it will close six of its 80 district offices. USPS is also
eliminating positions across the country and offering another round of voluntary early retirements.
These actions are expected to save the Postal Service more than $100 million annually.
The six offices closing — located in Florida, Massachusetts, New Hampshire, New Jersey,
Pennsylvania and Washington State — house administrative functions and will not adversely affect
customer service, mail delivery, Post Office operations or ZIP Codes. The functions of these offices will
be assumed by 10 surrounding districts.
The Postal Service’s districts are being re-aligned as follows:
�� The Boston and Connecticut districts will assume the operations of the Massachusetts District.
�� The Northern New England (formerly Maine) District will assume the operations of the New
Hampshire/Vermont District.
�� The Western Pennsylvania (formerly Pittsburgh) District will assume the operations of the Erie
District.
�� The South Florida and Suncoast districts will assume the operations of the Central Florida
District.
�� The Seattle and Salt Lake City districts will assume the operations of the Spokane District.
�� The Northern New Jersey and Southern New Jersey districts will assume the operations of the
Central Jersey District.
USPS will reduce administrative staff positions at the district level nationwide by 15 percent. In addition,
more than 1,400 mail processing supervisor and management positions at nearly 400 facilities around
the country will be eliminated, and nearly 150,000 employees nationwide are being given the...

The Mandatory Stand-Up Talk reads as follows:

Mandatory Stand-Up Talk
District Closings, Staffing Reductions and VER Announced

With the economic recession resulting in the Postal Service ending fiscal year 2008 with a loss of nearly $3 billion, we
are facing an extremely difficult financial challenge.
Streamlining operations and improving efficiency throughout the Postal Service is a constant, ongoing process. Over
the past year, we have refined this process by modifying networks, consolidating functions, adjusting delivery routes
and restructuring administrative and processing operations. Today, Postmaster General Jack Potter announced new
steps to further our efforts. These actions are expected to save the Postal Service more than $100 million annually.
First, the Postal Service is closing six district offices.
These six administrative district offices were chosen based on their proximity to other districts that could absorb the
additional workload without compromising the delivery, retail and mail processing functions of the Postal Service.
Today, more than 500 employees were notified by their area vice president and/or district manager that their district
offices were closing.
An opportunity for voluntary early retirement (VER) also is being offered.
This nationwide offer is open to nearly 150,000 employees who meet the Office of Personnel Management (OPM)
conditions, and who are at least 50 years of age with 20 years of creditable federal service, or any age with 25 years
of creditable federal service. An annuity estimate will be mailed to all VER-eligible employees starting April 6, 2009.
Another step being taken is instituting a 15% administrative staffing reduction of positions in all remaining 74
district offices.
Postal headquarters already has reduced its employee complement by approximately 15% and the area offices are in
the process of a similar staffing reduction.
At nearly 400 of our mail processing facilities around the country, more than 1,400 supervisor and
management positions are being eliminated.
Reduction in force (RIF) avoidance strategies will be in place for employees impacted by district closings and staffing
reductions.
There are no signs of an early economic recovery. Financial projections call for a continued decline in mail volume and
revenue.
Now, more than ever, we all must look for ways to do our jobs more efficiently and help to continue the service
performance and customer satisfaction improvements we have gained in recent years.
By doing so, we can help ensure that the Postal Service will continue to deliver for America now and in the future.
Additional information — and questions and answers — about all of these new changes can be found under the Hot
Topics section on Blue. VER information can be found under the Hot Topics section on LiteBlue.
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Tuesday, March 17, 2009

Early outs, again?


"...There is a strong rumor out there that there will be another VER coming soon. At this point it is just that, a rumor, but I wouldn’t be surprised if the Postal Service, in an effort to continue downsizing in response to reduced volumes, announces another VER...."    



This Article is From: www.postmasters.org

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Sunday, December 21, 2008

Post office feeling effects of slow economy


"..."There will be no layoffs. That would require an act of Congress. That's a far more complex process. The type of reductions we're talking about are natural attrition, people who were going to retire anyway, a voluntary early retirement option...."    



This Article is From: www.montanasnewsstation.com

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Monday, October 20, 2008

Postal service cutbacks could affect customers


"...postal service has lost people by attrition, instituted a hiring freeze and made it clear that 16,000 employees without six years on the job lack protection from layoffs. It also is offering voluntary early retirement to those who have reached the age of 55 with 20 years' service or anyone with 25 years on the job....."    



This Article is From: www.pennlive.com

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Saturday, July 12, 2008

Early Retirement Incentive ...other government entities


While the USPS attempts to reduce employee numbers without benefit or cash incentives, other government organizations provide a more appealing offer. In one example, the State of New Jersey offers (2008) an Early Retirement Incentive (ERI) with Paid New Jersey Health Benefits Program (SHBP) post-retirement medical benefits, additional years of service (an additional 5.45% of final average salary), and $500 per month for 24 months after retirement, paid separately from the retirement allowance. Now that's a State that appreciates their employees ...and of course the $136 million in immediate budget savings, and more savings in future years. If one singular State can reap such huge benefit, how much would the Postal Service save in a similar early retirement offer?

Of course, no one can fault the USPS for FIRST attempting to reduce numbers without benefit or monetary incentives, as it makes sense to first try to take the cheaper way out ...no matter how unsuccessful that will be. However, there will be a few that will take the Voluntary Early Retirement without incentive, and that will produce an economic benefit to the USPS. The big question is, "when will the USPS offer a VSIP to truly entice individuals to retire that were not already considering retirement?" Some speculate they will not offer a cash or benefit incentive at all, while some realize that will be the only way to reduce numbers substantially. Let's wait and see how well this non-incentive offer pans out.


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Thursday, July 10, 2008

APWU Meets with USPS, Seeks Bargaining Over Early-Outs


"...“I also reiterated our request for all pertinent information,” he said, “including the Postal Service’s request to the Office of Personnel Management requesting authority to offer early-outs, and OPM’s response.” Under the law, federal agencies, including the Postal Service, must receive approval from OPM to offer Voluntary Early Retirement (VER) opportunities to their employees...."    



This Article is From: www.apwu.org

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Monday, June 9, 2008

Early Retirements in Many Industries

While many postal workers speculate on a Voluntary Early Retirement offer, many are pondering if other industries are facing the same. Below you will find links to articles that will quench your thirst.

  • Taking a Buyout to Leave a Job You Love   Source: www.usnews.com

  • NYSE Offers Retirement to 450 US Workers, CEO Says   Source: www.bloomberg.com

  • St. Petersburg TimesTo Trim Staff   Source: www.theweeklychallenger.com

  • Continental to cut 3000 jobs, slash domestic flights   Source: www.tradingmarkets.com

  • Buyouts taken by 300 at GM Wentzville   Source: stcharlesjournal.stltoday.com



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