Is USPS offering early out?

USPS first announced it would offer voluntary early retirement to eligible non-bargaining unit workers in early March. Employees must be at least 50 years old with 20 years of federal service, or any age with 25 years of service, to qualify for early retirement.

What happens to my retirement if I quit the post office?

You can choose to take a refund of your Federal Employees Retirement System contributions. If you have five or more years of service, you’re eligible for a deferred retirement benefit later.

Will the post office offer early retirement in 2020?

The Postal Service unilaterally announced earlier today that it is offering Voluntary Early Retirement (VERA) to eligible mail handlers throughout the United States. This VERA comes without any monetary incentive payments to retire, and simply makes early retirement available to eligible employees.

When is USPS offering voluntary early retirement ( Ver )?

USPS offering Voluntary Early Out Retirement to Postal Clerks, Mail Handlers The Postal Service will extend voluntary early retirement (VER) offers to eligible mail handlers and clerks, beginning Jan. 8. The offers will contain three retirement-effective dates from which eligible employees may choose: Jan. 31, Feb. 28 and March 31.

What happens to USPS employees who retire before June 3, 2011?

Current USPS retirees and employees who retired before June 3, 2011, will not be impacted by this announcement and there will be no negative impact on future postal employees’ retirement. While the matter is under consideration, it is our hope that the issue will be resolved as quickly as the law allows.

Are there any monetary incentives to retire early?

This VERA comes without any monetary incentive payments to retire, and simply makes early retirement available to eligible employees. More detailed information will be widely circulated to all eligible mail handlers, directly […]

What does the USPS recognition and awards program mean?

Employees of the Postal Regulatory Commission. The Recognition and Awards Program is intended to recognize employees who have achieved outstanding performance, have superior competence, or have performed some other significant accomplishment. The program is not intended to provide incentives to employees to meet predetermined goals.