Postal Service may RIF up to 2,000; buyouts, early outs also expected - FederalTimes.com

Postal Service may RIF up to 2,000; buyouts, early outs also expected - FederalTimes.comSo far, USPS officials have acknowledged they are considering a voluntary early retirement program. But Louis Atkins, president of the National Association of Postal Supervisors, said Friday that he expected the agency to offer buyouts and early retirements within the next month to bargaining unit and white-collar employees.

In general, Atkins said, the offers will be restricted to employees working in processing plants, post offices or other positions. He had no details on the scope of the buyout package, but said that eligibility for early retirement would be limited to employees of any age with a minimum of 25 years service or are at least age 50 with 20 years service. In each category, employees would see a 2 percent reduction in their expected pensions for each year they are under age 55 or 30 years of experience, Atkins said. see more at PostalReporter.com