USPS workers may be faced with upcoming layoffs
By Daniella Genovese article
United States Postal Service (USPS) trucks are parked at a postal facility on August 15, 2019 in Chicago, Illinois. (Photo by Scott Olson/Getty Images)
The National Association of Postal Supervisors, which represents 27,000 active and retired USPS workers, was informed that reductions in force, or layoffs, may be forthcoming depending on how the next phase of the agency s structure and staffing plan takes shape next month, Government Executive reported.
The USPS announced in early March it was offering voluntary early retirement to eligible non-union administrative employees as it worked to restructure the organization after a tumultuous year.
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The case for leaving your money in the Thrift Savings Plan after retirement.
Retirement Counseling and Training www.retirefederal.com
The Thrift Savings Plan, without question, has become a very popular and trusted place for federal employees to save for their retirement. The numbers speak for themselves:
Plan assets climbed to $710 billion in December 2020 and the total number of participants reached 6.2 million.
There are 3.6 million Federal Employees Retirement System participants, with an average account balance at the end of 2020 of $164,000.
There are 287,000 Civil Service Retirement System participants, with an average account balance at the end of 2020 of $175,000.
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