APWU: Employees Should Receive Incentive Offers by Oct. 22Thursday, October 18th, 2012
The APWU has been informed by the Postal Service that letters offering incentives to APWU-represented employees who are eligible for voluntary early retirement (VER) were mailed on Oct. 10, 2012, and to employees eligible for regular retirement shortly after. Eligible employees should receive their incentive offer information no later than Monday, Oct. 22, 2012, Executive Vice President Greg Bell said.
To qualify for regular retirement, employees must have at least:
- 30 years of service and be 55 or older; or
- 20 years of service and be age 60 or older; or
- 5 years of service and be age 62 or older.
To qualify for early retirement, employees must have at least:
- 20 years of service and be 50 years of age or older, or
- 25 years of service at any age.
- For employees in the Civil Service Retirement System, the annuity is reduced 2 percent for each year workers are under age 55.
If You Didn’t Receive the Info
Employees who believe that they are eligible for regular retirement or early retirement and who have not received the retirement incentive information by Oct. 22, 2012, should contact the USPS Human Resources Shared Services Center (HRSSC) at 1-877-477-3273.
Regular (Optional) Retirement: Employees eligible for regular retirement should receive a “Special Optional Retirement Incentive Offer.”
Early Retirement: Employees’ eligible for voluntary early retirement should receive the “Acknowledgment of Irrevocability and Application for Immediate Retirement” along with their voluntary early retirement offer.
Deadline for Submission
Full-time employees except employees in Non-Traditional Full-Time (NTFT) duty assignments of less than 40 hours must indicate their intent to accept the incentive offer no later than Dec. 3, 2012.
The deadline for part-time employees and employees occupying NTFT duty assignments of less than 40 hours is Jan. 4, 2013.
Revoking the Decision
Employees who indicate they are taking regular retirement (or are resigning) may revoke their decision up to the effective date of their retirement or resignation.
Full-time employees (except for employees in NTFT assignments of less than 40 hours) who indicate they are taking the VER and who wish to revoke the decision must do so by Dec. 3, 2012.
Part-time employees and employees occupying NTFT assignments of less than 40 hours who indicate they are taking VER and who wish to revoke their decision by must do so by Jan. 4, 2013.
APWU Retirees Department
For information and assistance concerning retirement, members should contact the APWU Retirees Department. You can email questions to the APWU Retiree Q & A Center at RetireeQandA@apwu.org.