Update on the Postal Service’s Share of CSRS Pension Responsibility

May 7, 2018 (RARC-WP-18-009) When Postal Service employees retire under the Civil Service Retirement System (CSRS), somebody has to pay for their pensions. For people who used to work for the former Post Office Department and then later worked for the Postal Service, the federal government and the Postal Service split pension costs. Under the…

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USPS to offer Clerks and Mail Handlers voluntary early retirement

The Postal Service will extend voluntary early retirement (VER) offers to eligible mail handlers and clerks, beginning Jan. 8. The offers will contain three retirement-effective dates from which eligible employees may choose: Jan. 31, Feb. 28 and March 31. While USPS has been taking aggressive steps to cut costs and increase efficiencies, additional operational changes…

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OIG Report – Employee Benefits, Withholdings, Contributions, and Headcount Reporting to OPM

BACKGROUND At the request of the U.S. Office of Personnel Management (OPM) Office of Inspector General (OIG), we performed procedures agreed upon by the OPM’s Inspector General and the Chief Financial Officer. This attestation engagement is an annual requirement of the U.S. Office of Management and Budget. Our objectives were to assist OPM in assessing…

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APWU Health Plan Director Bill Kaczor to Retire April 15

Web News Article #: 076-2016 04/06/2016 – William “Bill” Kaczor Jr., the long-standing director of the APWU Health Plan, has announced he will retire on April 15. Kaczor has been the director of the union’s health insurance program for more than three decades, beginning in June 1985. He also served as assistant director. Throughout his…

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USPS: Online accounts help retirement planning

The Social Security Administration is encouraging federal employees to set up free online accounts to view and manage their Social Security records. The secure accounts provide estimates for future benefits and show how much you’ll need from other sources, such as a Thrift Savings Plan, to meet your retirement goals. Each account also allows you…

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USPS retirement team rated highly

The Postal Service’s retirement team is the best-rated in the federal government, new research shows.   The team has a 96 percent accuracy rate in evaluating, processing and finalizing retirement applications, according to a recent audit by the Office of Personnel Management.  The government-wide average is 89.7 percent. The Postal Service’s high score means that retiring…

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