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Retirement, Incentive News
First Installment of
Retirement Incentive Due May 24
(05/16/13) APWU President Cliff Guffey is congratulating APWU retirees and other
former employees who will soon receive the first installment of the $15,000 incentive
the APWU negotiated last year. The first payment of $10,000 (minus applicable
taxes and withholdings) will be available on May 24, 2013. The second installment
of $5,000 will be paid on May 23, 2014. “We hope our newest retirees are
enjoying their new lives,” Guffey said. “We’re sure they will
enjoy the incentive. [read
more]
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New Retirees Participate in
Union’s First-Ever Telephone Town Hall
(03/26/13) More than 950 new members of the APWU Retirees Department
participated in the union’s first-ever Telephone Town Hall conference
call on March 21, where participants learned the in-and-outs of retirement
and the benefits of remaining active in the APWU. Retirees Department
Director Judy Beard highlighted the benefits of membership, including
the programs offered by Union Plus, the Voluntary Benefits Plan, and
the Accident Benefits Association, as well as resources provided by
the APWU Retirees Department. [read
more]
Retiring APWU Members:
Thank You! Farewell!
(01/31/13) As approximately 20,000 APWU members say bittersweet goodbyes
to their co-workers and hit the clock for the last time today, we say, “Thank
you! Farewell!” There are many battles left to fight — to
protect the institution we have dedicated so much of our lives to;
to secure our health insurance and retirement benefits, and to strengthen
our nation’s middle class. So join the APWU Retirees Department
today! [read
more]
Incentive Recipients:
What’s
the Last Day?
(01/23/13) The APWU has received reports that some retiring union members are
receiving confusing and sometimes inaccurate information regarding their last
day of work. If they are scheduled to work on Thursday, Jan. 31, (Day 6 of the
Pay Period) retiring employees should report for duty. [read
more]
APWU
Reaches Out to Retiring Members
(01/17/13) As approximately 20,000 union members prepare to retire
at the end of January and February, the APWU is wishing them well and
encouraging them to stay connected to the union and their co-workers
by joining the Retirees Department. “The
APWU is committed to continuing the fight to protect the rights and benefits
of retirees,” President Cliff Guffey said. [read
more]
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25,500 Opt For Incentive Offer
(01/01/13) The Postal Service reported in December that approximately
25,500 APWU-represented employees have accepted the retirementincentive
offer. The majority are eligible for optional (regular) retirement,
with roughly 19 percent eligible for voluntary early retirement (VER),
and less than 1 percent voluntarily resigning. Because employees who are
taking regular retirement or are resigning may revoke their decision
up to the effective date of their retirement or resignation, the final
tally is subject to change. [read
more]
Incentive Revocation Date Extended
For California Motor Vehicle Employees
(11/30/12) California Postal Vehicle Service employees who have been
identified as impacted by the USPS decision to subcontract PVS operations
in the state and who have indicated their intent to accept the USPS
Voluntary Early Retirement offer now have until Jan. 31, 2013, to revoke
their decision. The extension of the deadline is the result of an agreement
between the APWU and management dated Nov. 30, 2012. [read
more]
FERS
Retirees
May Be Eligible
For Annuity Supplement
(11/28/12) Employees covered by the Federal Employees Retirement System (FERS)
who are contemplating retirement should consider that they may be eligible for
a FERS Annuity Supplement. With deadlines approaching for APWU-represented employees
to qualify for a $15,000 retirement incentive, annuity supplements could influence
the choices union members make. [read
more]
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Retirement
Counseling
(11/20/12) Employees contemplating retirement are eligible
for retirement counseling and should take advantage of the opportunity,
Executive Vice President Greg Bell is reminding union members. “The
decision to retire is among the most important you will ever make.
I encourage you to consider the decision carefully and urge you to
participate in USPS-sponsored counseling so you can make an informed
decision.” [read
more]
Retirement, Early-Outs and the Incentive
(11/01/12) Many APWU members are contemplating a momentous decision: whether
to end their careers to qualify for a $15,000 incentive. Under the terms
of a Sept. 28 agreement negotiated by the APWU, eligible employees
who opt for regular retirement, voluntary early retirement (VER) or resignation
will receive payment in two installments. The first installment of
$10,000 will be paid on May 24, 2013; the second installment of $5,000
will be paid on May 23, 2014.
A secure retirement is one of our greatest benefits, and the decision to retire is among the most important you will ever make. I urge you to consider it carefully, and to participate in USPS counseling sessions so you can make an informed decision. [read more]
Incentive
Offer Mailing Error
(10/26/12) The APWU has been informed by the Postal Service that
a problem occurred in the mailing of retirement incentive offer letters
to full-time employees who are eligible to take optional retirement,
Executive Vice President Greg Bell has reported. Due to a technical problem at the printing center, some individuals
may have received an annuity estimate intended for another individual. The
USPS believes the problem occurred in a limited area in California.
[read
more]
Employees
Should Receive
Incentive Offers by Oct. 22
(10/18/12)The APWU has been informed by the Postal Service that letters
offering incentives to APWU-represented employees who are eligible
for voluntary early retirement (VER) were mailed on Oct. 10, 2012, and
to employees eligible for regular retirement shortly after. Eligible
employees should receive their incentive offer information no later
than Monday, Oct. 22, 2012, Executive Vice President Greg Bell said.
[read
more]
Incentive
Letters
To be
Sent Beginning Oct. 10
(10/10/12)The USPS is scheduled to send letters offering incentives to APWU-represented
employees who are eligible for regular retirement or voluntary early retirement
(VER) during the week of Oct. 10. The letter and additional information will
be mailed to employees at their home address of record. Employees who do not
qualify for regular or early retirement may resign in order to receive the incentive,
provided they mail a signed original PS Form 2574, Resignation from the Postal
Service, effective Jan. 31, 2013, to the Human Resources Shared Service Center, P.O.
Box 970520, Greensboro, NC 27497-0520. [read
more]
APWU,
USPS Negotiate Retirement Incentive
Employees to Receive $15,000
in Two Installments
(10/01/12) The APWU has negotiated a retirement incentive agreement that awards
eligible full-time career employees a $15,000 payment in two installments, President
Cliff Guffey has announced. The first installment will be $10,000; the second
will be $5,000.
“Our goal was to achieve an incentive for members who are ready to
end their postal careers; to ensure that no groups of employees are excluded,
and to lessen the hardships of excessing for those who remain,” Guffey
said. “This agreement accomplishes those objectives.” [read
more]
