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 Serviceâs share of RHB premiums. The U.S. Office of Personnel…
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…
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 Trumpâs…
There are reports circulating that some postal employees are getting FERS annuity estimates on Liteblue that include their FERS annuity supplement amount. It is shown on page 5 of their annuity estimate as âFERS Special Supplement.â Others report that the boxes are blank. An HRSSC specialist said that by the end of November everyone should…
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…
Web News Article #: 063-2015 03/25/2015 – Two congressional committees are proposing to solve the nationâs 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…
By Peter Urban – March 5, 2015 WASHINGTON â As a freshman member of Congress, U.S. Rep. Bruce Westerman has gone largely unnoticed by the unions that represent federal employees, but that is about to change. Westerman, R-Hot Springs, is introducing legislation that would cut back on pension benefits for retirees starting in 2017. A…
By Tammy Flanagan – January 22, 2015 As you probably know, federal employees are generally covered by one of two retirement systems: the âoldâ Civil Service Retirement System or the ânewâ Federal Employees Retirement System. But FERS isnât that new any more. It includes many employees who have accumulated 30 or more years of federal…
