Jun 23, 2012

USPS Retirement Incentive Offer Update

"...The purpose of this article is to clear up any confusion in the field regarding the “irrevocability dates” relative to the May 22, 2012 Memorandum of Understanding (MOU) regarding the One-Time Retirement Incentive offer for Mail Handlers. While there are some limitations and exclusions, there are essentially three (3) categories of Mail Handlers who are eligible to participate under the terms of the MOU, and who might qualify to receive the retirement incentive payments: 1) Mail Handlers who are eligible for optional retirement (those who have satisfied the normal requirements to qualify for retirement under either CSRS or FERS); 2) Mail Handlers who have not yet satisfied the requirements for optional retirement, but who have fulfilled the Voluntary Early Retirement (VER) requirements outlined in the MOU; and 3) those Mail Handlers who have not yet satisfied the requirements for either optional or Voluntary Early Retirement, but who are nevertheless eligible to receive the incentive payments if they elect to resign their Mail Handler position..."


Read more at the National Postal Mail Handlers Union

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