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Shows & Panels
Search Tags: RIF
Federal benefits specialist Bob Braunstein takes you through the process of understanding your retirement annuity estimate.
September 22, 2014
The U.S. Postal Service will not be offering any new buyouts in the near future, according to Anthony Vegliante, the agency's chief human resources officer. USPS offered three different buyouts in 2012. In an exclusive interview with Federal News Radio, Vegliante said the Postal Service will drop to around 500,000 employees by the end of January due to multiple consolidation efforts at the agency.
In 2010, federal employees' pay and benefits came under attack by lawmakers faced with a gaping deficit. Federal News Radio's Senior Correspondent Mike Causey says we might be able to see the future by looking at the past.
The Postal Service's redesign continues, and employees may receive Specific RIF notices tomorrow.
The Postal Service will offer $20,000 early retirement incentives to administrative employees, who must make a decision on whether to leave USPS by late April. RIF notices will be issued on May 25 to any affected employees who do not voluntarily retire or move to a lower grade.
The Air Force will ask Congress to fast-track additional authorities to allow the service to bring its uniformed service back into the statutory boundaries, Air Force leaders said Thursday.
The first step USPS plans to make to address its financial crisis is reduce operating costs by reducing its workforce. Postmaster Patrick Donahoe gives us some details about what comes after that.
Friday is supposed to be a slow news day so we'll limit it to this: a 3 year pay freeze, 10 percent job cut, higher FEHBP premiums for retirees, lower benefits for future retirees and some other stuff. Interested? Check out Senior Correspondent Mike Causey's federal report.