U.S. Postal Service Has Good News for Prospective Retirees
The U.S. Postal Service recently made a quiet change that will cause retirement to look sweeter for thousands of postal workers.
Pension estimates the USPS provides to employees who are considering retirement now include an amount for the FERS (Federal Employees Retirement System) supplement, reports Don Cheney, an APWU official with a long history of helping fellow union members understand their retirement benefits. The Postal Service has not announced the change.
“According to the responses I’ve received on Facebook, numerous employees are getting the new FERS annuity estimates with the supplement amount listed,” Cheney says. He provided a sample statement from one employee who would receive more than $15,000 annually - nearly equal to her regular annuity.