USPS: OPM clarifies pandemic leave effect on retirement deductions

The Postal Service wants employees who took leave under the Families First Coronavirus Response Act to know how it will affect their retirement deductions. The law, also known as the FFCRA, requires some employers to provide employees with emergency paid sick leave and expanded family and medical leave for child care. The leave benefit went…

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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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USPS: New TSP podcast available

If you have questions about the Thrift Savings Plan (TSP), locating answers just became a little easier. The Federal Retirement Thrift Investment Board, the agency that administers the program, recently introduced “The Real TSP,” a podcast available on YouTube. The podcast is hosted by TSP educators who provide an in-depth look at retirement investing and…

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USPS OIG Report: Foreign Posts’ Retirement Asset Investments

The U.S. Postal Service participates in two government-wide pension plans that are administered by the U.S. Office of Personnel Management (OPM): the Civil Service Retirement System (CSRS) and Federal Employees Retirement System (FERS). The assets of these plans are held in one trust fund, the Civil Service Retirement and Disability Fund, and are managed by…

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Postal Employees and Retirees See Threats to Pay and Benefits in White House Budget

03/29/2019 – The White House released its plans for the fiscal year 2020 budget this month. It once again attacks workers, calling for deep cuts to salaries, retirement and health benefits. It also echoes parts of the Postal Task Force December 2018 report that calls for the elimination of union negotiated collective bargaining rights over…

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USPS: Employees urged to review benefits statement

The Postal Service is mailing all employees a personal benefits statement that details their overall compensation package. When you receive your statement, USPS wants you to pay close attention to the following information: • What you paid in 2018 for health benefits. Many employees pay for more health insurance than they need, often giving up…

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USPS Webinar for Postal Retirees on September 6: TSP Withdrawal Changes for 2019

Thursday, September 6, 2018 1 – 2 pm EST As part of the TSP Modernization Act you will soon have many new options when withdrawing your money from TSP. Learn more about the upcoming TSP withdrawal changes for 2019 through this informative WebEx workshop. If you experience difficulty accessing WebEx, you can also dial-in to…

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