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…
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…
Thursday, September 6, 2018 1 – 2 pm EST As part of the TSP Modernization Act you will soon have many new options when withdrawing your money from TSP. Learn more about the upcoming TSP withdrawal changes for 2019 through this informative WebEx workshop. If you experience difficulty accessing WebEx, you can also dial-in to…
08/29/2018 – Time is running short for APWU retirees who are interested in applying for temporary positions as Holiday Clerk Assistants: Applications are due Sept. 24. The Peak Season Exception Periods memo signed by President Mark Dimondstein and the USPS Vice President of Labor Relations in September 2015 has been carried forward into the new…
Executive Summary The Postal Regulatory Commission (PRC) retained Segal Consulting (Segal) to conduct an independent liability examination for Postal Service workers covered by the Retiree Health Benefit (RHB) Fund. PRC specifically requested that we evaluate: Whether the current assumptions were developed in accordance with generally accepted actuarial principles and methods set forth in the Actuarial…
Returning to the Workforce as a Reemployed Annuitant If you’re interested in returning to the Postal Service you can easily apply for jobs on USPS.com. Go to the bottom portion of the webpage and select Careers. Once you find the job you are looking for, apply as instructed. To learn more about the application process…
