USPS Resumes Reductions, Including $10,000 Early Retirement Offers to Select Employees
In a plan to reduce costs and save rural post offices, the USPS continues its process to reduce hours at more than 9,000 facilities by September. Last fall the USPS avoided layoffs by offering more than 15,000 employees early retirement, according to Government Executive. Now the organization is providing a similar offer to 3,000 workers, Government Executive reported last week. Last time around workers did not receive financial compensation for retiring ahead of schedule, only early eligibility to their retirement annuity. Those who accept early retirement now will receive $10,000.
Amanda L. Cole is the editor-in-chief of NonProfit PRO. She was formerly editor-in-chief of special projects for NonProfit PRO's sister publication, Promo Marketing. Contact her at acole@napco.com.