U.S. Postal Service offering early re...

U.S. Postal Service offering early retirement to 150,000 workers

There are 42 comments on the www.latimes.com story from Mar 21, 2009, titled U.S. Postal Service offering early retirement to 150,000 workers . In it, www.latimes.com reports that:

Battered by the economic downturn, the U.S. Postal Service is offering early retirement to 150,000 workers, cutting management and closing offices, the agency said Friday. The Postal Service lost $2.8 billion last year and is facing even larger losses this year despite rate increases -- including a 2-cent hike to 44 cents for a first-class stamp -- scheduled to take effect May 11..

Join the discussion below, or Read more at www.latimes.com.

Rogue Government

United States

#22 Mar 22, 2009
Mac-7 wrote:
<quoted text>
You make it sound so reasonable and routine.
But it's still going to be a bigger rip-off of the taxpayers than the AIG bonuses.
It is what it is...You can't change what happened before 1984, that is why they changed things after 1984...Postal workers hired after 1984 are not considered "civil servants" and do not have a government pension, they have an investment plan much like a 401K...They are better off giving them the early retirement, it will save them a boat load of money...The postal union is powerful, like I said in previous posts, it is next to impossible for someone to get fired, as far as lay offs go they would lay people off that have less much less seniority, not the people that have been there for 10-30 years...

“Did U plug the damn hole yet?”

Since: Jan 08

Richardson, TX

#23 Mar 22, 2009
Rogue Government wrote:
<quoted text>
It is what it is...You can't change what happened before 1984, that is why they changed things after 1984...Postal workers hired after 1984 are not considered "civil servants" and do not have a government pension, they have an investment plan much like a 401K...They are better off giving them the early retirement, it will save them a boat load of money...The postal union is powerful, like I said in previous posts, it is next to impossible for someone to get fired, as far as lay offs go they would lay people off that have less much less seniority, not the people that have been there for 10-30 years...
Is it saving money when the Post Office could lay off the younger workers hired after 1984 and make the pre-1984 employees stay on and keep working?

The Post Office is trying to pull a fast one on us again.
Rogue Government

United States

#24 Mar 22, 2009
Mac-7 wrote:
<quoted text>
Is it saving money when the Post Office could lay off the younger workers hired after 1984 and make the pre-1984 employees stay on and keep working?
The Post Office is trying to pull a fast one on us again.
Even if they did layoff "younger workers", which is doubtful (the union isn't going to allow it), it would be a drop in the proverbial bucket as they say...The P.O. is caught between a rock and a hard place and they know it...A postal employee hired before 1984 would still have to have 30 years in to take the early retirement, most only have about 5 (or less) years to go anyway before they can collect their pension (you have to be 55 and have at least 30 years in to collect it)...They crunched the #'s and it is cheaper to give them the early retirement than keep them working for another 5 years...If you're going to blame anyone, blame the union...Many companies now are are offering buyouts, it cheaper to get rid of them than keep them...
Rogue Government

United States

#25 Mar 22, 2009
To add to my previous post above...I know a person at the post office I go to, he is 50 and has his 30 years in already, he would be one of the employees that would be offered the buyout...If they didn't offer the buyout, he would work another 5 years and retire, only his pension would be larger because he'd have 5 years of raises under his belt, not to mention he would be getting paid for another 5 years at a very high rate of pay...But if he took the buyout he would retire at the age of 50 at whatever the percentage is of his current rate of pay for his pension...In the end its cheaper to buy these people out...

Since: Apr 08

Mission Viejo, CA

#26 Mar 22, 2009
Here is the formula:
1.50%* "High 3" * 5 Years
1.75%* "High 3" * 5 Years
2.00%* "High 3" * Years of Service over 10 years
= CSRS Pension

Note: High 3 means the average of the final three year of salaries

( http://nalc2184.org/files/Transfer_FERS.pdf )
po fool lol

Pittsburgh, PA

#27 Mar 22, 2009
Rogue Government wrote:
I know quite a few postal employees...Anyone hired before 1984 is considered a "civil servant" which costs the P.O. big money to keep around, they are entitled to a government pension, but they are also making BIG money....Anyone hired after 1984 is not considered a civil servant, they do not get a pension, their money is invested in what is known as "thrift", which is essentially a 401K...Most if not all P.O. employees hired before 1984 would indeed take the buy out because if they are under 55 years of age would still get the same retirement if they waited until 55 to retire...They would be foolish not to take it...It would be very hard to lay anyone off anyone at the P.O. because they are union, it's hard to even fire anyone...
i work ther an was hired 1986 and i do get a pension know your facts before you comment
Rogue Government

United States

#28 Mar 22, 2009
po fool lol wrote:
<quoted text>i work ther an was hired 1986 and i do get a pension know your facts before you comment
If you work for them, then you are dumber than a bag of hammers if you think you have a pension...

http://www.opm.gov/retire/pre/fers/index.asp
Kate

Spokane, WA

#29 Mar 23, 2009
They are looking out for #1. Themsselves. Makes real sense to me.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#30 Mar 23, 2009
They are looking for someone to rewrite the USPS service manuals; but Nietzsche and Kafka are both long dead.

I'd be happy if they'd just bring back my neighborhood mailbox.
More economic crime, brought to you by the lying neo-conservatives.

“Did U plug the damn hole yet?”

Since: Jan 08

Richardson, TX

#31 Mar 23, 2009
Rogue Government wrote:
<quoted text>
Even if they did layoff "younger workers", which is doubtful (the union isn't going to allow it), it would be a drop in the proverbial bucket as they say...The P.O. is caught between a rock and a hard place and they know it...A postal employee hired before 1984 would still have to have 30 years in to take the early retirement, most only have about 5 (or less) years to go anyway before they can collect their pension (you have to be 55 and have at least 30 years in to collect it)...They crunched the #'s and it is cheaper to give them the early retirement than keep them working for another 5 years...If you're going to blame anyone, blame the union...Many companies now are are offering buyouts, it cheaper to get rid of them than keep them...
"Even if they did layoff "younger workers", which is doubtful (the union isn't going to allow it), it would be a drop in the proverbial bucket as they say."

I'll take that drop of savings.

As it stands now the P.O. is saving the jobs of 150,000 younger workers who should be laid off to go find another job.

After all, it isn't as if they aren't going to raise the postal rates next year anyway.
Kate

Spokane, WA

#32 Mar 23, 2009
The rates on your boxes will increase for maintainance reasons. Either that or take early retirement if you can. Severance packages Im sure are available.
Chilled Out

Norvelt, PA

#33 Mar 23, 2009
discocrisco wrote:
Personally, outsourcing government function to private contractor's has been shown to be inefficent and a waste of taxpayer's dollars.
( http://tinyurl.com/djrmh4 )
You must not miss taking your meds! Now go take a prozac.
Rogue Government

United States

#34 Mar 23, 2009
Mac-7 wrote:
<quoted text>
"Even if they did layoff "younger workers", which is doubtful (the union isn't going to allow it), it would be a drop in the proverbial bucket as they say."
I'll take that drop of savings.
As it stands now the P.O. is saving the jobs of 150,000 younger workers who should be laid off to go find another job.
After all, it isn't as if they aren't going to raise the postal rates next year anyway.
So by your logic...Keep the workers on the verge of retirement, that are making 10 times more money than the "younger workers" even though the workers on the verge of retirement will also make a boat load more upon retirement...You might want to take a course in basic business because your plan would be more costly and you would literally pay billions more in the end...BTW, postal rates are going up next month...Enjoy the savings...
E Cheney

Longview, TX

#35 Apr 7, 2009
It may be hard for the un-informed to believe. But Postal workers put up with a lot of crap from the bosses and the customers. Postal workers are penalized for being sick, even though they draw sick leave just like other companaies. Also they recieve very little money from the government. They are basically a independent company that the government has taken over. You democrats should understand that. It is called socialism. The carriers deliver mail to parts of town that you will not go to. They earn thier money and thier retirement. The clerks stand for 8 to 12 hours a day on concrete floors. Notice I said stand. Why don't you try it. NO, I am not a postal worker. I wouldn't work for what they get paid. The problem with the postal service is the Postmasters and supervisors who run the show. They draw the big bucks and work very little. Then thier is the union bibg dogs who also get the big bucks and suck up to Obama. The workers deserve thier retirement. If they want them to retire early then pay them a full retirement with full benefits.
dry run

Fort White, FL

#36 Apr 8, 2009
Postal workers are paid when they are sick, unless they have abused their sick leave and have none to cover their absence. All postal workers get reprimanded for not being regular in attendance: how would the mail get out?

The carriers deliver to every household in the USA; they are "the last mile" as UPS, Fedex, and the like drop shipments for the USPS to deliver. Rural carriers are paid evaluated time versus city carriers being paid per hour. The clerk craft at this point in time is dwindling due to the low volumes of mail. Rural carriers took another hit from the recent count. City carriers think they are exempt from any lost wages, as their day is coming...

Pms, managers, and supervisors are not drawing big bucks when you compare their salaries to the city carrier and clerk employees, and even similiar management positions in the private sector. The big bucks are at headquarters: L'Enfant Plaza. Pm Potter should work for $1 this year.

Everyone deserves to retire with full benefits, right?
Chilled Out

United States

#37 Apr 8, 2009
dry run wrote:
Postal workers are paid when they are sick, unless they have abused their sick leave and have none to cover their absence. All postal workers get reprimanded for not being regular in attendance: how would the mail get out?
The carriers deliver to every household in the USA; they are "the last mile" as UPS, Fedex, and the like drop shipments for the USPS to deliver. Rural carriers are paid evaluated time versus city carriers being paid per hour. The clerk

craft at this point in time is dwindling due to

the low volumes of mail. Rural carriers took

another hit from the recent count. City carriers think they are exempt from any lost wages, as their day is coming...
Pms, managers, and supervisors are not drawing big bucks when you compare their salaries to the city carrier and clerk employees, and even similiar management positions in the private sector. The big bucks are at headquarters: L'Enfant Plaza. Pm Potter should work for $1 this year.
Everyone deserves to retire with full benefits, right?
ALL government employees are LEACHES!

“Did U plug the damn hole yet?”

Since: Jan 08

Richardson, TX

#38 Apr 9, 2009
Rogue Government wrote:
<quoted text>
So by your logic...Keep the workers on the verge of retirement, that are making 10 times more money than the "younger workers" even though the workers on the verge of retirement will also make a boat load more upon retirement...You might want to take a course in basic business because your plan would be more costly and you would literally pay billions more in the end...BTW, postal rates are going up next month...Enjoy the savings...
They aren't making 10 times more.

Retirement means you are paying them for the rest of their life to do nothing.

And then you have to pay the younger workers to do the retirees jobs.

Better to fire the younger workers and make the older workers stay and earn their generous retirement benefits.
Chilled Out

United States

#40 Apr 12, 2009
Here's a great idea to get the PO in the black!
Everyone go to the PO and give the lame overpaid moron who is collecting a check for being a retard
a picture of yourself to be put on a stamp. Everyone will then want to buy a sheet of stamps with their picture on it and the stamps won't be used therefore not cancelled, PURE PROFIT!!
postal carrier

Seattle, WA

#41 Aug 19, 2009
I wonder how many of the comments are really aware of the problems facing Americas business model ?? Overpaid managers !!! Especially in government !! The PO has so many extra overpaid, under worked, and unnecessary managers they'd sink any business. Impossible to get rid of and incredibly under trained and under educated workers usually related to someone, a minority candidate, or a promotion to avoid a lawsuit elsewhere.( If noticing stupid and intelligent minorities makes me a bigot than Cosby & I are the same.)
postal carrier

Seattle, WA

#42 Aug 19, 2009
I particularly like the tale of our recent manager who was promoted to get him out of a station-it was part of the settlement of a sexual discrimination lawsuit. Why does the union allow managers to hide their shameful past ? Are we training Catholic priests ? HAHAHAHA

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