PEN – 6/26/20 – News these days MAY be true or accurate or, it MAY NOT be true or accurate. What’s the deal here? Seems everyone wants some sort of buy-out or stimulus help and in efforts to secure these they provide false or inaccurate information.
For instance, this news article released in April 2020 – “Postmaster General warns that Postal Service will run out of money by end of fiscal year without aid” – that would be September 2020. Or this article – “The US Postal Service now has 5,000 employees in quarantine and only enough cash to last through September (2020).” Or, how about this one “USPS requests $75B amid pandemic to recover from ‘steep’ drop in mail volume.”
Actually, USPS has been stating that they may run out of cash for years and years – yet, they keep creeping along.
Today we learn that “USPS now estimates it will run out of cash in April 2021” – truth be known USPS has no idea when they may or may not run out of cash. To attempt to secure cash from the government based upon inaccurate information is just plain wrong…for any company or person.
Read this article posted today by Federal News Network “USPS forecasts push back timeline of when it expects to run out of cash” – “USPS now estimates it will run out of cash in April 2021, if package volumes return to pre-COVID levels. If, however, package volume stay 15% above pre-COVID levels, the agency says it would run out of cash in October 2021.” Blah blah blah – please, try to get your GUESSTIMATES more close to reality.
Rick Owens – PEN
The USPS has tried for years and has succeeded up until now, in trimming down the work force, through past buy-outs, and VERs {voluntary early retirement} over last several decades. last few VERs in my opinion have not been successful in my opinion. The USPS has limited itself in offering it to the crafts overall. Most of my co-workers who are in a similar situation as far as time in, and age wise, are hoping for a buy-out, and believe that that would be the best scenario for the USPS. The majority of employees will not retire in response to another VER, and the evidence is plain to see. In my opinion, and from discussions with fellow co-workers; we would be more than likely to retire with a financial incentive; ie…
Buy-out. It really makes sense too. It would save money for the USPS. In payroll, and in lowering work-related injuries. A number of employees are of age, have time-in and are ready to retire; but with the pandemic currently raging on, the uncertainty of the economy, a new administration, financial issues of the USPS and the country; continuing dropping mail volume. growing unemployment, etc. The time is right now for a buy-out for all eligible employees of 50,000.00. Now just because it makes sense, and is the right\proper thing to do, does not neccessarily mean the USPS will have the common sense to do it. So the taxpayers will be charged with that bill in bailing out the USPS.
And people wonder why we employees say USPS is miss-managed?!
The USPS has been a mess since I have been in 18 years. Horribly run federal entity holding on for the politicians use only. Our management and union are destroying what is left of USPS. USPS just handed out 90 million dollars for a grievance they lost to the clerk union. All of the employees that received checks from me had already quit. It must have been nice to receive a check for over 7 K not knowing it was coming. It is time to privatize. No mail volume. Just package now because of the COVID virus.