VER announcement coming?

A comment posted earlier today on postalnews.com:

I know this is off-topic here…but…this morning I checked the liteblue Workforce Connection page for any news of a VER and it WAS listed there. On the left side of the page just above Quick Links (there’s a big blank spot there now) was a section titled “2012 special incentive”. It had 3 links below it: VER/incentive FAQ’s, How to apply, and Retirement videos. None of the links worked, they took you to the address change page. But it was there! I printed it out so I have proof. When I checked a while later, it was gone.

NAPUS President Discusses Early Outs and Incentives in Meeting With PMG

From the National Association of Postmasters of the US:

In yesterday’s monthly meeting with Postmaster General Patrick Donahoe, NAPUS President Bob Rapoza discussed Voluntary Early Retirements (VERs), Incentives and adding years of service as possibilities to help ease the financial burdens of the USPS. While many options are being considered as the Postal Service attempts to reduce the number of on roll employees, President Rapoza suggested that VERs, Incentives and adding years of service should be strongly considered as part of the process.

Postmaster General Donahoe is scheduled to address nearly 1,200 attendees at the NAPUS National Convention in San Juan, Puerto Rico next week. Attendees are hopeful that the PMG may provide a preview of a “major announcement” that is scheduled to be released on September 15.

In a story published in the Washington Post, the White House plans to present a USPS financial rescue plan in coming weeks. The proposed plan would be included in the Obama administrations deficit reduction package. The White House is requesting that Congress provide the USPS with a 90-day extension to pay mandatory annual retirement payments of more than $5 billion.

In a related story, the PMG told Senators that the Postal Service could lose up to $10 billion by the end of the fiscal year.

Charlie Moser

September 7, 2011

Timeline announced for VER offered to carriers and clerks in select Pacific Area locations

In a move to further right-size complement levels to better match workload, the Pacific Area is offering a voluntary early retirement (VER) to carriers and clerks working at select impacted sites and at non-impacted offices within a 50-mile radius of the impacted sites. Following is the timeline:

  • July 19-22, 2011— Annuity estimates and VER offer mailings to VER-eligible employees
  • July 25-August 26, 2011— Window period for employees to consider VER offer
  • August 26, 2011 — Decision-to-retire irrevocable date for VER
  • September 30, 2011— VER effective date. Note: If eligible, employees may choose to retire early on August 31, 2011.

Should the number of employees electing to take the VER exceed the number of impacted employees at the select sites, first consideration will be given to the impacted employees. Additional VER applications will be approved on a first-come, first-serve basis as determined by the earliest date of receipt of Acknowledgement of Irrevocability & Application for Immediate Retirement (VER).

These changes are part of the Pacific Area’s efforts to streamline operations, increase efficiencies and reduce costs in support of the USPS action plan to ensure a strong, viable organization now and in the future.

For more information, contact your district Human Resources office.

Pacific Area VER Timeline July 2011

Voluntary Early Retirement to be offered to some carriers and clerks in Pacific Area

From a Pacific Area Newsbreak posted on 21cpw.com:

In a move to further right-size complement levels to better match workload, the Pacific Area is offering a voluntary early retirement (VER) to carriers and clerks working at select impacted sites and at non-impacted offices within a 50-mile radius of the impacted sites.

VER offer sites and timelines will be announced when the information becomes available.

These changes are part of the Pacific Area efforts to streamline operations, increase efficiencies and reduce costs in support of the Postal Service’s action plan to ensure a strong, viable organization now and in the future.

For more information, contact your district Human Resources office.

Pacific Area VER Offer

Burrus: time for a “healthy” retirement incentive for clerks?

From former APWU President Bill Burrus:

June 1, 2011

To: APWU Members

Perhaps it is time for the Postal Service to consider offering a healthy incentive for APWU represented employees to retire. The wage difference between a Grade 6 Step 0 employee and a newly hired replacement is $18,000 per year ($53,102 vs. $35,182) so for every 1000 employees replaced, the Postal Service saves 18 million dollars per year. It would be in their financial interest to entice those employees eligible for retirement to retire.

The Postal Service is strapped for cash so it will not be easy to fund the cost of an incentive, but there are creative ways to defer the cost while generating savings. In the previous effort, agreement was reached to spread the incentive over two years to lessen its immediate impact on the USPS’ financial position and other innovative approaches could be explored.

The problem is that employees, who are eligible, refrain from severing their employment for a variety of personal reasons and continue to work for lack of an alternative that meets their objectives. An incentive would influence many who will otherwise continue their employment for an indeterminable period.

The consideration of offering an incentive does not include what is known as "early outs" permitting employees to retire earlier than the legal formula. The Postal Service must receive the approval of OPM to offer early outs and such permission will not be granted, if it is intended to replace the retiring employee. Early outs cannot be used to reduce payroll costs.

At a time when the Postal Service is experiencing severe financial problems brought on by the unreasonable payment for future health care costs consideration should be given to this opportunity for significant savings.

In solidarity,

Bill Burrus

via burrusjournal.org – Special Bulletins.