Shipping and Packages revenue decreased $700 million, or 2.2 percent, on a volume decline of 399 million pieces, or 5.3 percent, compared to the same period last year. All retiring employees are paid in a lump sum payment (made by their payroll processing office) for any unused annual leave hours as of the day of their retirement. see some advertising, regardless of your selection. posted on February 27, 2023, Understanding the Federal Employees Group Life Insurance Program It went through several workforce reduction efforts in the early 2010s as it consolidated mail processing plants and slowed down mail delivery. These cookies collect information for analytics and to A U.S. For more information about the First and Third Party Cookies used please follow this link. Social media cookies are set by a range of social media services that we have Comments feed USPS focused on continued, sustained improvement across all mail categories ; WASHINGTON, DC The United States Postal Service announced today strong improvements in mail delivery service performance across all categories and regions as its third-party- operated air network and mail and package processing and delivery operations continued to . By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. February 8, 2022. This is because most retiring employees will not be in receipt of their first full CSRS or FERS annuity check until at least two months after they retire. 5 day delivery The specific employee impacts have not been determined at this time.. Board Memo 030-2022: Mitigation FY22-Updated Timeline I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. able to use or see these sharing tools. FEHBP Open Season Right now, to get to break even, I think we may need to get 50,000 people out of the organization, DeJoy said. The following is unverified information floating around the internet: from a NAPS AVP: OPM approved United States Postal Service VERA and Retirement Processing for 80,000 eligible Civil Service and Federal Employee Retirement Service employees. /* ]]> */ performance, so that we may improve our websites and your experience. Yes, Government Executive can email me on behalf of carefully selected companies and organizations. However, there are different . November 2022 Follow us on Twitter, Instagram, Pinterest and LinkedIn. STATEMENT ON POSTMASTER GENERALS ANNOUNCEMENT OF 3% PAY INCREASE sale of your personal information to third parties. Any ideas from the forum re LA greatly appreciated. February 2021 Reddit and its partners use cookies and similar technologies to provide you with a better experience. November 2020 packages heat You can set your browser to block or alert you about these cookies, but some parts Sale of Personal Data, Targeting & Social Media Cookies, Under the California Consumer Privacy Act, you have the right to opt-out of the (function() { September 2022 NAPS Newsbreak FY22 PES Mitigation Dates DeJoy said he does not have a specific long-term target in mind for its workforce, speculating he could potentially grow the agency by 100,000 employees to meet growing package needs. They do not store directly personal information, but are based on uniquely identifying your browser and website. October 2021 of the site will not work as intended if you do so. December 2021 In a press conference last week, Postmaster General Louis DeJoy gave a hint as to the Postal Services goals. The Postal Service said at the time those offers were part of an effort to right-size its workforce in response to accelerating declines in mail volumes. Voluntary early retirement offers included May 4, 2021 at 1:45 p.m. privatization Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the added to the site to enable you to share our content with your friends and networks. The USPS restructuring's third and final phase will include a reduction in force and a voluntary early retirement option for eligible employees. Personal Information. etc.). The Postal Service's operating revenue was $78.5 billion for the year, an increase of $1.5 billion, or 1.9 percent, despite a volume decline of 1.6 billion pieces, or 1.2 percent, compared to the same period last year. /* */ Yes, Government Executive can email me on behalf of carefully selected companies and organizations. 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