Effective January 4, 2018, the Postal Service™ is revising the Employee and Labor Relations Manual (ELM), sections 532, 538.3, 566.252, 586.252, and 592.1, to remove outdated references to “Cost of Living Allowances” from definitions of basic pay. Employee and Labor Relations Manual (ELM) * * * * * 5 Employee Benefits * * * *…
For CSRS Retirees: The 2018 CSRS retiree COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2017 over the 2016 third quarter average. 2018 CSRS COLA increase effective with January 2018 annuity payments will be 2.0%. For FERS Retirees: The 2018 FERS retiree COLA is based on the third…
The U.S. Postal Service participates in three retirement plans: the Civil Service Retirement System (CSRS), the Federal Employee Retirement System (FERS), and the Postal Service Retiree Health Benefits Fund (PSRHBF). The first two are pension plans, and the third is set up to prefund and provide retiree health benefits. These plans are restricted to government…
June 2017 Are you tired of trying to contact an Office of Personnel Management (OPM) representative for assistance with your benefits only to keep getting a busy signal? Or once you finally get through to customer service, you are placed on hold? The good news is you can avoid the wait! If you are receiving…
Postal Service Reform Act of 2017 TITLE I–POSTAL SERVICE BENEFITS REFORM This bill requires the Office of Personnel Management (OPM) to establish a Postal Service Health Benefits Program within the Federal Employees Health Benefits Program to offer health benefits plans for U.S. Postal Service (USPS) employees, annuitant retirees, and their families at rates that reflect…
Background The U.S. Postal Service provides pension and health insurance benefits to its retirees. Postal Service employees participate in the Civil Service Retirement System (CSRS) or Federal Employees Retirement System (FERS) pension programs. The Office of Personnel Management (OPM) administers these programs, including projecting future CSRS and FERS assets and liabilities for the federal government…
Eric Katz – December 23, 2016 The U.S. Postal Service could finally have its payments into the federal employee pension account calculated using assumptions from its workforce specifically, rather than the federal workforce as a whole, which has long been a sticking point at the mailing agency. USPS leadership has for years argued its payments…
For CSRS Retirees: The 2017 CSRS retiree COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2016 over the 2014 third quarter average. Because there was no payout on the 2015 3rd quarter average, the base remained the 3rd quarter average for 2014. The 2017 CSRS COLA effective December…
