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Postal Service

Beware Federal Employees: Mandatory Medicare First Step to Eliminating FEHB Coverage for Retirees?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithMay 19, 2021 1:12 PM Categories Federal Employee Retirement, Federal Employee Pay News Leave a comment
Sheet of paper on a clipboard labeled 'medicare enrollment form' with a stethoscope and pen

Postal reform legislation may impact the rest of the federal workforce by changing Medicare eligibility and increasing FEHB costs.

Maloney Proposes Paid Parental Leave for USPS Employees

FedSmith.com author Ian SmithBy Ian SmithMay 13, 2021 11:35 AM Categories Federal Employee Pay News Leave a comment

Recently introduced legislation would expand paid parental leave to USPS employees.

Postal Service Loses Far Less Money in Q2 2021 Than in Previous Year

FedSmith.com author Ian SmithBy Ian SmithMay 7, 2021 2:21 PM Categories Agency News Leave a comment
Front of the United States Post Office building in Huntsville, AL

Although it reported a net loss in the second quarter of 2021, the Postal Service’s quarterly financial results improved significantly over last year.

Postal Service Mail Carrier Removed for On-Duty Drug Transaction

FedSmith.com author Susan McGuire SmithBy Susan McGuire SmithApril 7, 2021 9:04 AM Categories Court Cases Leave a comment
Marijuana leaf draped over the face of a $100 bill depicting cash money for drug trafficking

Postal employees removed after buying drugs from a co-worker all challenged their removals, but only some were successful mitigating the penalty. Which strategy fared the best?

Contractor Indicted for Stealing Over $1 Million from the Postal Service

FedSmith.com author Ian SmithBy Ian SmithMarch 29, 2021 6:09 AM Categories Court Cases Leave a comment

A federal contractor has been indicted for allegedly stealing over $1 million from the Postal Service via a 3+ year scheme.

Formal Guidance Expected Soon on Emergency Paid Leave Benefit

FedSmith.com author Ian SmithBy Ian SmithMarch 19, 2021 3:27 PM Categories Federal Employee Pay News Leave a comment
Close up of the face of a $100 bill with Benjamin Franklin pictured wearing a surgical face mask; a pocket watch sits on top of the $100 bill to the right of Franklin's photo

A Postal Service memo says that OPM will be issuing guidance soon on the new COVID-19 emergency leave benefit for federal employees.

USPS Reports Net Income of $318 Million in Q1

FedSmith.com author Ian SmithBy Ian SmithFebruary 9, 2021 11:16 AM Categories Agency News Leave a comment
Post Office mail truck (USPS) parked on a neighborhood street

The Postal Service has reported a net quarterly profit for the first time in quite a while, but the good news may not last.

Another Attempt Being Made to End USPS Pre-Funding Mandate

FedSmith.com author Ian SmithBy Ian SmithUpdated: February 4, 2021 11:36 AM Categories Agency News Leave a comment

Another effort is being made in Congress to end the pre-funding mandate for USPS retiree health benefits.

COVID-19 Weighs on Postal Service’s FY 2020 Finances

FedSmith.com author Ian SmithBy Ian SmithNovember 13, 2020 3:40 PM Categories Agency News Leave a comment
Blue Postal Service (USPS) mailbox on a city sidewalk

The Postal Service reported a net loss of over $9 billion in FY 2020 amid economic challenges from the COVID-19 pandemic.

Postal Service Not Implementing Payroll Tax Deferral

FedSmith.com author Ian SmithBy Ian SmithSeptember 22, 2020 4:57 PM Categories Federal Employee Pay News Leave a comment
Burlap bag labeled 'payroll' with coins around it and a calculator sitting next to it

The Postal Service announced that it has elected not to implement the payroll tax deferral for its employees.

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March 17, 2023

Fund Last % YTD
G Fund $17.3749 +0.01% +0.81%
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L 2065 $12.5229 -1.11% +2.14%
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