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Friday, January 26, 2018

When is the next 'Cost of Living Adjustment' calculated?

  When is the next 'Cost of Living Adjustment' calculated?

According to Section 9.3, Cost of Living Adjustment:
A. Definitions
1. "Consumer Price Index" refers to the "National Consumer Price Index for Urban Wage Earners and Clerical Workers," published by the Bureau of Labor Statistics, United States Department of Labor (1967=100) and referred to herein as the "Index."
2. "Consumer Price Index Base" refers to the Consumer Price Index for the month of July 2014 and is referred to herein as the "Base Index."
B. Effective Dates of Adjustment:
Each eligible employee covered by this Agreement shall receive cost-of-living adjustments, upward, in accordance with the formula in 4.C, below, effective on the following dates:
- the second full pay period after the release of the January 2018 Index (More reading here)... .
Note: The BLS states the release date of the January 2018 CPI data are scheduled to be released on February 14, 2018, at 8:30 A.M. Eastern Time.
Thus, in the event CPI has risen to the level needed to garner a COLA based on the aforementioned information, the next COLA would be in March checks since the January 2018 CPI data are scheduled to be released on February 14, 2018.

Reference: NPMHU 317  

Friday, January 5, 2018

OPM Guide to Voluntary Early Retirement Regulations (PDF)

  OPM Guide to Voluntary Early Retirement Regulations (PDF)

"...The Voluntary Early Retirement Authority (VERA) provides agencies the option to offer voluntary early retirement when restructuring as well as when downsizing. The voluntary early retirement provisions are the same under the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS). The use of VERA is an option for increasing voluntary attrition in agencies that are undergoing substantial organizational change (e.g., reduction in force, reorganization, reshaping, delayering). Besides providing an incentive for employees to voluntarily retire or resign to avoid potential reduction in force actions, the agency may also offer VERA to employees in safe positions that could then provide placement opportunities for employees occupying surplus positions..."

Reference: www.opm.gov  

USPS Offers 'No Incentive' Voluntary Early Retirement

  USPS Offers 'No Incentive' Voluntary Early Retirement

"...The Postal Service is making a Voluntary Retirement Offer to eligible mail handler and clerk employees. However, much to the chagrin of workers, there are no incentives to entice employees to make a move in that direction. This has left employees questioning the move..."

Reference: The Postal Newsgroup  

Wednesday, January 3, 2018

Jacksonville USPS Distribution Center to Replace Mail Handling System

  Jacksonville USPS Distribution Center to Replace Mail Handling System

"...The Postal Service is looking to replace sixteen integrated mail handling systems at their Jacksonville National Distribution Center loading docks. The contractor who wins the bid is responsible for supply and installation of the machines..."

Reference: globenewswire.com  

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