The landmark Postal Service Reform Act (H.R. 3076) Congress passed this week ends the mandate that
the Postal Service pre-fund its retiree health benefit costs
and requires postal workers to enroll in Medicare Parts A and B when they turn 65.
Do postal workers have good benefits?
Postal career employees enjoy excellent benefits
, including annual and sick leave that can be accumulated, the opportunity to donate leave, basic life insurance paid for by the Postal Service with additional options at the employee's cost, pretax health benefits with most of the cost paid by the Postal Service, pretax …
How many years do you have to work at the USPS to get a pension?
To be eligible for an annuity an employee must have
at least 5 years
of creditable civilian service.
Is working for USPS a federal job?
Technically,
employees of the United States Postal Service are not federal employees
. The USPS operates as an independent, self-governing agency under the executive branch and receives no taxpayer dollars for its operations. Employees receive federal benefits, but ultimately their employer is not the U.S. government.
Do USPS employees get health insurance after retirement?
Similar to most other federal agencies,
the USPS offers health care benefits to its employees, retirees, and their dependents through the Federal Employees Health Benefits Program (FEHB)
, which is administered by the Office of Personnel Management (OPM).
Entitlement. An employee is entitled to Sunday premium pay equal to
25 percent of his or her rate of basic pay for each hour of Sunday work
. For this purpose, Sunday work consists of nonovertime work during an employee's regularly scheduled basic tour of duty (not to exceed 8 hours) that begins or ends on a Sunday.
What kind of insurance does USPS have?
The U.S. Postal Service pays the entire cost of USPS employees' Basic life insurance. USPS employees must pay 100% of the cost of Optional insurance. FEGLI is
group term insurance
. It does not have any cash or paid-up value.
Can you retire from USPS after 20 years?
Federal and postal employees under the Civil Service Retirement System (CSRS) and Federal Employees Retirement System (FERS) are eligible for voluntary early retirement if they're at least 50 years of age, with at least 20 years of service, or any age with at least 25 years of service.
What happens to my retirement if I quit the post office?
If you separate from federal service with at least 20 years of service,
the unreduced retirement is payable if your application is postponed to age 60 with the insurance benefits eligible for reinstatement
(as long as the five-year test was met prior to resignation).
Do postal workers pay Social Security?
Current postal workers and those hired after 1983 pay into the Federal Employees Retirement System (FERS) and are eligible for Social Security benefits
.
Do postal workers get a pension and Social Security?
Federal Employee Retirement System
Employees pay their share of their paychecks into the basic plan and Social Security each month, while
the postal service puts an amount equal to 1 percent of an employee's basic pay into a Thrift Savings Plan
.
What is the highest paying job in the post office?
| Title 2016 2017 | EXEC VP COO 241,870.00 257,220.00 | POSTMASTER GENERAL 285,240.00 287,620.00 | SECY USPS BD OF GOV 205,700.00 207,800.00 | VP AREA OPERATIONS 205,700.00 207,800.00 |
|---|
What is the best job at the post office?
- Route Carrier. Salary range: $32,000-$52,500 per year. …
- Postal Service Window Clerk. Salary range: $24,500-$47,000 per year. …
- Postal Inspector. Salary range: $27,000-$47,000 per year. …
- Postal Service Clerk. …
- Mailing Specialist. …
- Postal Worker. …
- Mail Carrier. …
- Rural Carrier Associate.
How much does USPS pay hourly?
| Job Title Range Average | Job Title:United States Postal Worker (Carrier) Range: $17 – $26 Average:$19 | City Carrier Assistant Range:$16 – $19 Average:$17 | Postal Service Mail Carrier Range:$16 – $26 Average:$19 | Mail Handler Range:$14 – $25 Average:$19 |
|---|
Can you retire from USPS after 10 years?
If you're at your MRA with less than 10 years of service, you're eligible for a deferred retirement at 62
, as explained above. If you're at your MRA with at least 10 years but less than 30 years of service, you're eligible for an immediate, reduced FERS retirement benefit with the age penalty applied.
Do postal workers pay Medicare tax?
Employees covered for Medicare only contribute 1.45 percent of their gross wages
with the Postal Service contributing a like amount.
Can USPS force you to work on your day off?
The Postal Service's website does not cover what to do if management asks you to come in on your day off. But, the locals of FederalSoup.com are adamant:
You are not obligated to work on your day off
. However, if you feel like a supervisor is punishing you for not working on your day off, you should contact HR.
What is the 701 rule USPS?
432.53 City Letter Carriers (7:01 Rule)
A city letter carrier who actually works more than 7 hours but less than 8 hours of a regular scheduled day and who is officially excused from the completion of the 8–hour tour is credited with 8 hours of work time for pay purposes. This is known as the 7:01 rule (see 443.212).
Does USPS get overtime?
a.
Those who are full-time and nonexempt are eligible for postal overtime when they work a sixth day
(see 432.34). b. A–E postmasters are eligible for postal overtime for actual work hours in excess of 40 paid hours in a service week.
What is the best health insurance for postal workers?
The APWU Health Plan
is one of the five largest health plans in the Federal Employees Health Benefits (FEHB) Program, and has been protecting APWU members, retirees and federal employees since 1960. The APWU offers two great health care options for postal and federal employees and their families.
What life insurance do postal workers have?
Most U.S. Postal Service employees, including part-time employees, are eligible for
Federal Employees' Group Life Insurance (FEGLI)
.
How do I set up health insurance with USPS?
- By Phone. Call 1-877-477-3273, Option 5.
- By Fax. 202-268-0359.
- Online. Visit the LiteBlue Page. Tips for enrolling online. Visit the LiteBlue page at https://liteblue.usps.gov. Have your Employee Identification Number and USPS PIN ready. Type https://ewss.usps.gov in your browser's address bar.
Can I take my post office pension at 55?
You can start taking some, or all, of your benefits as early as 55
. This is the minimum age set by the Government. If you take your benefits early, the amount you get will be reduced.
What is the penalty for retiring early under FERS?
If you retire at the MRA with at least 10, but less than 30 years of service, your benefit will be reduced by
5 percent a year for each year you are under 62
, unless you have 20 years of service and your benefit starts when you reach age 60 or later.
