Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
USPS offers buyouts to 3,000-plus postmasters
Wednesday - 7/2/2014, 10:16am EDT
The selected employees have until Aug. 18 to decide whether they want to take an early retirement option. Those who accept will leave the agency Sept. 30 — the last day of fiscal 2014.
Federal Times' Andy Medici first reported the story.
According to a statement from USPS, retiring postmasters will receive a buyout of $10,000, to be paid out on Dec. 5.
Employees who choose not to retire will face a reduction in force (RIF) scheduled for Jan. 9, 2015.
Over the past three years, USPS recorded financial losses of $26 billion, the agency wrote in a letter.
In light of its financial situation, the Postal Service launched Post Plan, a two-year, multi-phased process to consolidate and adjust operating hours at post offices.
The Post Plan is "a way to keep post offices across the country open by realigning retail window hours based on customer use," the agency wrote in a statement.
Since announcing the plan in May 2012, more than 9,000 post offices have adjusted their retail hours. About 1,200 offices are now open for only two hours, and nearly 5,000 are 4-hour offices.
USPS is just one of several agencies offering early retirement to employees.
Employees who accepted an early-out offer from the Social Security Administration must be off the payroll by the end of the month.
The U.S. Geological Survey confirmed in February that it would offer early retirement through the end of fiscal 2014.
The Government Printing Office announced this week that it would offer buyouts in the first quarter of fiscal 2015.