Voluntary retirement incentive
USPS also has announced a Voluntary Early Retirement (VER) and Special Incentive Offer for the nation’s 21,000 Postmasters. The offer consists of a one-time, $20,000 cash incentive, payable in two installments. Postmasters who want to leave under the VER — as well as Postmasters who have reached their minimum retirement age and service requirements, and those who wish to voluntarily resign — are eligible for this special cash incentive.
PCES Postmasters are not included in this offer.
Postmasters will have until June 22, 2012 to accept the offer and must agree to leave the Postal Service effective July 31, 2012. Postmasters accepting the offer will receive two payments — $10,000 on Dec. 21, 2012, and $10,000 on Dec. 20, 2013, less withholdings and taxes. Part-time Postmasters will receive pro-rated payments on the same dates.
All eligible Postmasters will receive a retirement kit and a retirement annuity payment estimate from the Postal Service next week.
Details of this Special Incentive Offer and general VER guidelines will be posted as Frequently Asked Questions on Workforce Connection, available on LiteBlue.
Source: USPS
i just don’t understand why dec 21 ? when we retire july 31 we will not see a paycheck for 6 weeks. if we were not going to get the money nov 1 or before why not give it to us in jan as to avoid a higher tax bracket. this year we will be making a full salary for 7 months and when added the 10 grand it causes us to pay a higher tax rate than if we waited until we were completely retired for a year. it just seems funny that the po would hold that money for 5 months and not extend it 11 days longer if they were going to hold the money that long. we cant even use it for Christmas. i believe this was a ploy to reduce the amount anywhere from 1000 to 3000 dollars 10 days after we recieve it.
When are they going to offer VER for carriers PLEASE I WANT TO GO !!!
Congratulations Rachel…How about some incentive for the workers?
Yippeee….I am retiring!! Love my job, love the post office…but I think I may love retirement more 🙂