Similar to prior years since 2012, USPS did not make mandated end-of-year payments to prefund retiree health benefits. In addition, USPS did not make payments on liabilities to the Federal Employeesâ Retirement System and the Civil Service Retirement System. The Postal Service will continue to deliver the mail and will pay employees and suppliers, but…
Background The Postal Accountability and Enhancement Act of 2006 (PAEA) amended 39 U.S.C. by revising the limits on salary and total compensation paid to U.S. Postal Service employees. For calendar year (CY) 2016, basic annual salary for each employee was limited to $205,700. Under a bonus or reward program approved by the U.S. Postal Service…
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…
By Sean Bradley – April 10, 2017 In an effort to learn more about the issues surrounding the U.S. Postal Service, Congressman John Moolenaar (R-4th District) spent Monday on a ride-along with a postal worker in Edmore. âItâs an opportunity to see first-hand the aspects of rural mail carrying,â Moolenaar said. He rode along with…
I am truly surprised with the level of apathy over H.R. 756, Postal Service Reform Act of 2017. With twenty-one months left in the 115th Congress this bill is a threat for quite a while unless voted down. Those who support it within union circles are incredibly quiet which is highly disturbing. The membership of…
Background The Postal Reorganization Act of 1970 requires annual audits of the U.S. Postal Serviceâs financial statements. In addition, the Postal Accountability and Enhancement Act of 2006 requires the Postal Service to comply with Section 404 of the Sarbanes- Oxley Act (SOX). This section requires the Postal Service to report the scope and adequacy of…
Via Thomas Benson, President â APWU Lake Geauga Area Local #1204 March 5th 2017 In HR 756 it is evident that the employees of the USPS will be greatly affected by the changes the Bill proposes. Most importantly FORCED MEDICARE INTERGRATION as well as a change in delivery for both business as well residential. The…
Lets tell what EGWP really is. EGWP is a group Medicare Part D prescription drug plan option that is offered to retirees who have been promised prescription drug coverage as part of their Other Post-Employment Benefits (OPEB). Benefit solutions partners contract with the Centers for Medicaid and Medicare Services (CMS) to serve as a Medicare…
