At this time of the year when we count our blessings, we have so much to be thankful for. We have life, family and secure retirement thanks to our Post Office careers. On behalf of the members of our Retiree Chapter, we take this opportunity to pause and reflect on our good fortune and give…
Alexandria, Va. (December 6, 2018) – In response to a sustainability report released by the Task Force on the U.S. Postal System, NARFE National President Ken Thomas issued the following statement: “NARFE appreciates the opportunity to have worked with the Postal Service Task Force to discuss the issues facing this vital national agency. Notably, the…
Objective The Postal Service participates in three retirement plans: The Civil Service Retirement System (CSRS), the Federal Employees Retirement System (FERS), and the Postal Service Retiree Health Benefits (RHB). The first two are pension plans, and the third is set up to fund RHB premiums. The Office of Personnel Management (OPM) administers these programs, including…
Project Title: Foreign Posts’ Retirement Asset Investments Start Date: Monday, September 10, 2018 Estimated Report Release Date: March 2019 Employees of the Postal Service participate in two government-wide pension plans administered by the U.S. Office of Personnel Management (OPM): the Civil Service Retirement System and Federal Employee Retirement System. The assets of these plans are…
Press Release Thursday, October 11, 2018 Social Security Announces 2.8 Percent Benefit Increase for 2019 Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 2.8 percent in 2019, the Social Security Administration announced today. The 2.8 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than…
The USPS stopped paying for postal retirees’ health benefits on a pay-as-you-go basis in 2017. The USPS is draining the Retiree Health Benefits Fund to buy vehicles instead. What happens when the RHB Fund runs out of money? USPS Set to Run Out of Postal Retiree Health Care Funding in 12 Years Related: GAO’s Report…
The most shocking revelation in the GAO’s August 2018 report on Postal Retiree Health Benefits is that the USPS has stopped making payments for retirees’ health care on a pay-as-you-go basis. This explains where the USPS is getting the money for thousands of new postal vehicles. Instead, it is drawing down the Postal Service Retiree…
Via John P. Richards, President – Pittsburgh Area Retiree Chapter of the APWU: In a stunning turn of events at the recent APWU Convention, the delegates voted in alarming numbers that retiree involvement in support by retirees for active members in opposing threats of privatization and other dangerous initiatives is not needed or wanted. This…
