USPS: Understanding Survivor Benefits

Do you know about survivor benefits and how they work? You can make one of the following survivor benefit elections to occur in the event of your death: No survivor benefits Full or partial annuity for spouse Full or partial annuity for former spouse Combination of full or partial annuity for a spouse and former…

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USPS reminds employees to update their beneficiary forms

The Postal Service wants employees to have up-to-date beneficiary forms for life insurance and other benefits. While completing a beneficiary form is not mandatory, doing so allows an employee to choose who will receive payment. If an employee does not name a beneficiary, payment will be made to the next of kin according to a…

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USPS OIG Report: Options to Reduce Unfunded Retirement Liabilities

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 the Postal Service’s share of RHB premiums. The U.S. Office of Personnel…

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USPS OIG Report: Treasury Inflation-Protected Securities

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…

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Senator Casey on cuts to federal employee retirement benefits

From: Senator Robert P. Casey, Jr. <senator@casey.senate.gov> Date: Thu, Jan 18, 2018 3:48 pm Dear Mr. Zelznick: Thank you for taking the time to contact me regarding cuts to federal employee retirement benefits. I appreciate hearing from you about this issue. On May 23, 2017, the Office of Management and Budget (OMB) released President Trump’s…

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Retirement reminder: TSP catch-up deadline approaching

The Postal Service is reminding employees that the deadline to make Thrift Savings Plan (TSP) catch-up contributions effective for the first pay period of 2017 is Jan. 4 at 4 p.m. EST. There is no open season for TSP. Employees can make or change TSP elections at any time during the year. In 2017, employees…

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APWU: Proposed Budget Bills Cut Postal, Federal Pay

Web News Article #: 063-2015 03/25/2015 – Two congressional committees are proposing to solve the nation’s financial problems in part by reducing pay for millions of postal and federal employees. Budget bills for fiscal year 2016 proposed by House and Senate committees last week would cut pay for postal and federal workers by increasing the…

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