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Search Tags: USPS
An amendment to a Senate bill aiming to restructure the U.S. Postal Service's financial framework would institute new agency reporting requirements for retiring federal workers in anticipation of a "deluge of retirees" from USPS. Sens. Mark Warner (D-Va.) and Barbara Mikulski (D-Md.), introduced an amendment last week that requires the Office of Personnel Management to take new steps to chip away at the longstanding backlog of federal retirement claims.
Even if you never, or hardly ever, go to a Post Office there's a good chance you went there Tuesday to mail your taxes, and get an SOS from some worried postal employees, Senior Correspondent Mike Causey says.
This week the Senate is expected to take up legislation to reform the Postal Service. The bill could close post offices, end Saturday deliveries and return funds the Postal Service as pre-paid for retiree health benefits. USPS already has started considering how it would operate with a slimmed-down workforce.
The bill — introduced last summer by Rep. Darrell Issa (R-Calif.) — would eliminate Saturday mail delivery, close mail processing facilities, require postal employees to pay the same percentage in their health and life insurance premiums as federal employees do, and allow the Postal Service to use nearly $11 billion in surplus retirement contributions.
Postmaster General Patrick Donahoe testified today before a House subcommittee saying a USPS-sponsored plan would save $7 billion a year. Such a plan, Donahoe said, would offer equal or better coverage to current employees and retirees.
The Postal Service is on Capitol Hill today pitching its strategy to withdraw employees from the federal health insurance program.
The Senate will take a procedural vote today to start debating on bipartisan legislation, S.1789.
Sen. Susan Collins (R-Maine), a staunch USPS supporter, takes Postmaster General Patrick Donahoe to task for pursuing a plan to close thousands of postal facilities in order to save $7.1 billion annually.
Host Mike Causey will talk career mobility with
Carol Bonosaro, president of the Senior
Executives Service. Federal Times Senior Writers
Stephen Losey and Sean Reilly will talk about
how pending legislation in Congress will affect
your pay and benefits.
March 14, 2012
Tags: pay and benefits , Senior Executives Service , Carol Bonasaro , Federal Times , Sean Reilly , Stephen Losey , retirement , budget battle , sequestration , Budget Control Act , pay freeze , Mike Causey , Your Turn with Mike Causey , buyouts , downsizing
NARFE's David Snell and Federal Times reporters Stephen Losey and Sean Reilly join host Mike Causey to talk about the issues affecting your job and retirement.
March 7, 2012
Tags: pay and benefits , David Snell , NARFE , federal retirement , OPM , Stephen Losey , Sean Reilly , Federal Times , National Security Personnel System , downsizing , buyouts , Mike Causey , Your Turn with Mike Causey