Dec 11, 2012

USPS Buyouts Accepted by Thousands

"...In the face of ongoing financial struggles and an uncertain future, more than 25,000 workers at the United States Postal Service are accepting an early-retirement buyout offer, according to a spokesperson for the American Postal Workers Union.

Nearly all of the agency's employees are eligible for some form of buyout, and according to the American Postal Workers Union, there's no limit on the number of employees who can accept the offer in most divisions of the agency. For long-term full-time employees, the offer includes a $15,000 cash buyout and an early-retirement package, and eligible part-time employees will receive a pro-rated amount. Full-time employees were instructed to indicate their decision by Dec. 3 and be ready to leave by Jan. 31, while part-time employees have until January 4 to decide..."

Read more at CBS News

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