Postal Service to Offer Another Round of Early Retirements

Friday, 06 Sep 2013 01:34 PM

By Courtney Coren

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The U.S. Postal Service is planning to offer thousands of management and executive level employees early retirement, a group with knowledge of the discussions is reporting.

According to the National Association of Postal Supervisors, voluntary early retirement will be offered beginning September 16, when applications for retirement along with annuity estimates will be sent to employees who qualify for the program.

According to the Washington Post, employees that decide to take the early retirement route may choose either December 31, 2013 or January 31, 2014 as the date when their retirement takes effect. If employees choose to work through January, they will receive 100 percent of their accrued sick leave. But if they cease employment at the end of December accrued sick leave will not be added to their retirement account.

The early retirement offer doesn't apply to employees who work at the Postal Service headquarters.

This is not the first time that early retirement has been offered to postal employees as a means of reduce labor costs for the financially strapped government agency. More than 25,000 front-office clerks, mail handlers, drivers, and other workers retired in 2012 in a similar program.

And from January through July of this year, another 34,000 postal workers also retired, with many of them opting for early retirement status.

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