USPS Employees Urged To Make The Most Of Their Benefits

Photo of family and health benefits statement

The Postal Service has mailed employees a personal statement of benefits that offers a comprehensive view of their overall compensation.

When you receive your statement, USPS encourages you to pay close attention to these three sections:

• How much you contribute to your Thrift Savings Plan (TSP). If you are under the Federal Employees Retirement System (FERS) and aren’t contributing at least 5 percent toward your TSP, experts say you are throwing away free money.

For 2017, both Civil Service Retirement System (CSRS) and FERS employees can contribute as much as $18,000 toward a TSP. If you are 50 years or older, you can contribute an additional $6,000 in catch-up contributions. 

• What you paid in 2016 for your health benefits. By taking time to select the right health plan, you can be confident that you have the right benefits to meet your health needs without overpaying.

The Checkbook Guide to Health Plans can help you compare health plans to find the right fit for you.  

• Your Federal Employees’ Group Life Insurance (FEGLI) coverage. Throughout the course of your career, your life insurance needs change.

Although there is no annual open season to add or increase your life insurance coverage, you can reduce or cancel FEGLI coverage at any time. Make sure your current coverage is still the right amount for you and your family.

A sample personal statement of benefits is available on LiteBlue. To learn more about the benefits available to you, visit the Benefits LiteBlue page.

2 Responses to "USPS Employees Urged To Make The Most Of Their Benefits"

  1. anon   March 6, 2017 at 7:53 pm

    The pie chart shows that the usps pre-funded your retirement benefits and your retiree health benefit plan, but the usps hasn’t paid anything toward these this year.

  2. Postal Joe   March 6, 2017 at 8:37 pm

    This message should be added to that statement of benefits….
    Currently the Postal Service is working diligently to take away those same Health benefits just discussed in this benefits statement! Soon you will be part of our new healthcare plan through the “Postal FEHB” with limited choice of plans and much higher costs! And upon retirement you will have to sign up for Medicare or forfeit your healthcare through the Postal service FEHB benefit plan. Furthermore, your Postal FEHB plan at age 65 will no longer provide any RX (drug plan)! Medicare Part D “EGWP” will now be your plan to receive any medications that you may need after a $400 deductible (per person) is received!
    The Postal Service is sorry for any inconvenience this may cause but we just could not keep our promises to the people (current or future retirees) that will or have put in 30+ years!!
    So enjoy the Healthcare plan you have now because it will soon be history!
    And, as always, Thank You for the great job you do everyday for the Postal Service!!

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