Readers' Comments
Total Comments: 13
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Incentive to Be Offered to Some Postal Workers to Resign or Retire
Total Comments: 13
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March 20, 2010
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It just doesnt make sense.
IRS
Tue Aug 25, 2009 11:16 PM
Post Reply
Cut these jobs, then bicker on going a 5 day work week.
duh........we still need the 5 day work week.!
LOUSY OFFER
HHS
Wed Aug 26, 2009 6:33 AM
Post Reply
DOD buyouts are set at a unreasonable top limit of $25,000. Base on the DOD employees number of years of service. Buyouts should be meaningful and keep pace with current times. Congress how about doing away with all buyouts and honor the Law where goverment and Quais goverment employees receive SEVERANCE PAY fairly based on years of service.
Or as an alternative offer postal employees (all federal employees ) an immediated credit of 5 years added to their service and a 5% bump in their retirement pay.
Re: LOUSY OFFER
Somewhere
Wed Aug 26, 2009 9:32 AM
Your ideas during this time of spending and Trillions of dollare in new debt probably won't circulate belong this blog.
Re: LOUSY OFFER
HHS
Wed Aug 26, 2009 10:45 PM
So you can understand 25 years @2% = 50 +5years= +10%=60 % x $40,000 retirement= $2,400 bump or $42,400
$42,400X.05=$2,120. Final retirement $ 44,520 Annually. so effectively I have proposed a payout of $4,520 paid over 12 months and to it will take over three years to reach the immediate $15,000 expenditure. Also the retiree has survive to collect future payments. A crast thought but it something a fiscally responsible actuary would salavate over. The PLUS up in years is to solve the issue employees with the # years. Also that woud require not penalizing folks for not meeting the age requirement.
Retire
Navy
Wed Aug 26, 2009 9:43 AM
Post Reply
They better pony up, cuz if they don't, RIF will be right around the corner--with no incentive pay.
no carriers
USPS
Wed Aug 26, 2009 11:06 AM
Post Reply
Sad that this was not offered to letter carriers.
A small incentive to be sure, but all postal workers should get the same offer.
Retiring incentive
Postal Service
Wed Aug 26, 2009 11:19 AM
Post Reply
I made several calls to fellow eligable employees.
Notta'. Ain't happening~
10K at 28-35% taxation, after "misc deductions" as they put it; one would see maybe 2800. The second amount of 5K; maybe 1500.00
The USPS has a way of alot'g lump sums away, as we all know.
Any eligable employee isn't being bumped, worried, or stress'g the changes at the USPS because of senority.
We are just coasting at great healthcare bennies, senority bennies, and 32-50. overtime bennies
. Nope, we ain't bite'n!
Re: Retiring incentive
DoD
Thu Aug 27, 2009 4:58 AM
Don't take it
DOD
Wed Aug 26, 2009 8:53 PM
Post Reply
Most Federal employees want to work forever (or until 30 years plus). Taking incentive pay, unless you have only 5 years of deferred retirement to claim at age 62, just makes you unemployable by another Federal agency for the next 5 years unless you pay back the entire amount, including taxes deducted, before you get the new job. Forget that. Just start looking for another job now, maybe parttime, while you are waiting for the hammer to fall.
DON'T TAKE IT UNLESS
usps
Thu Aug 27, 2009 8:20 PM
Post Reply
I say unless you are ready to retire don't take it unless you have other savings and investments including TSP. I took an personal early out about 3 years ago as with FERS you really only get 1% a year instead of 2% under CSRS. I was tired of night work and weekends and supervisors were a pain. I would of never guessed the Postal Service would of ever got this bad this quick with job cutting, lower volumes of mail, and wanting to close locations and close small offices. I got out 10 years earlier than elgible and figured if I needed to work, I would rather make less or get a job that uses my college degree. I am proud that I haven't had to work for wages and haven't withdrawn from TSP and have accomplished lots of personal goals since then.