Tag Archives: employees

Postal Service IG: Agency Overfunded FERS Program by $11B

A Postal Service inspector general analysis has recommended the Office of Personnel Management calculate the USPS’ obligations to the federal employees retirement system differently next time, Federal Times reports. According to Sean Reilly’s report, OPM calculated FERS funding under the assumption that the governmentwide salary growth was 4.11 percent between …

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Postal Service to Enter Buyout Round Through December

The U.S. Postal Service is offering 3,300 employees, mainly managers and administrative staff, early retirements with a separation date of Dec. 31, the agency announced Monday. The agency also announced it is moving forward with plans to implement a consolidated forwarding system and re-aligning network distribution centers for area offices. …

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