USPS: Benefits enrollment period begins next week

Open season, the annual period when Postal Service employees can change their health benefits or enroll in a new plan, begins Monday, Nov. 9. A variety of health, vision and dental coverage is available through the following plans and programs: Federal Employees Health Benefits Program (FEHB) USPS Health Benefits Plan (USPSHBP) for non-career employees only…

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2021 FERS Cost Of Living Adjustment will be 1.3% 

HOW THE COLA IS CALCULATED The 2021 FERS retiree COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2020 over the 2019 third quarter average. However, if the CPI-W quarterly average increases 3% or more, they subtract 1%. For example, a 5% increase in the quarterly CPI-W average results…

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USPS Mandatory Stand-Up Talk: Impacts of New Leave on Retirement and TSP

“Since the introduction of the new leave types, the Office of Personnel Management has provided official guidance that leave payments under the FFCRA are not eligible for retirement and Thrift Savings Plan (TSP) deductions.” Related: USPS: OPM clarifies pandemic leave effect on retirement deductions

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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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ELM Revision: Special Circumstances Affecting Health Insurance Coverage

Effective September 12, 2019, the Postal Service™ is revising the Employee and Labor Relations Manual (ELM), sections 525.1 and 525.2, to align with updates dictated by the Office of Personnel Management (OPM). Other revisions include updating references to the Human Resources Shared Service Center (HRSSC) and the Self Plus One enrollment option. Although the Postal…

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USPS OIG Report: Disability Retirement Application Process

Objective Disability retirement is an employee benefit intended for employees who are unable to complete a normal career due to disease or injury. To be eligible for retirement disability, employees must meet prescribed statutory, regulatory, and administrative criteria. The objective of our audit was to assess the Postal Service’s effectiveness in processing disability retirement applications….

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