MEDICARE | What happens if a PSHB employee covered by EGWP signs up for Medicare Part D?

  What happens if a PSHB employee covered by EGWP signs up for Medicare Part D?

"...If a PSHB employee covered by an Employer Group Waiver Plan (EGWP) signs up for a separate Medicare Part D plan, they are essentially double-paying for prescription drug coverage, as their EGWP through PSHB already provides that coverage; they should..."

Reference: Federal Retirement News




 

Mail Handler Update [January 2025] Featuring the 'ONE-TIME RETIREMENT INCENTIVE OFFER 2025'

  Mail Handler Update [January 2025] Featuring the 'ONE-TIME RETIREMENT INCENTIVE OFFER 2025'

"ONE-TIME RETIREMENT INCENTIVE OF $15,000.00 FOR OPTIONAL RETIREMENT OR RETIREMENT PURSUANT TO VOLUNTARY EARLY RETIREMENT (VER)...Eligible employees will be sent a hard-copy notification to their home address on record via First-Class Mail on or around January 31, 2025. ...Full Article"

Reference: www.npmhu.org




 

Birmingham postal worker convicted of supplying stolen checks to sell online

  Birmingham postal worker convicted of supplying stolen checks to sell online

"Michael Christopher Rowser, a 24-year-old former U.S. Postal Service employee, was convicted of conspiracy to receive bribes and conspiracy to commit wire fraud...The evidence showed Rowser, a mail handler at the U.S. Postal Service’s Processing & Distribution Center in Birmingham, received approximately $106,000 in bribe payments over the course of a year for his role supplying checks to “The Lucky Shop.”..."

Reference: www.al.com




 

NPMHU/USPS | One Time Retirement Incentive

  NPMHU/USPS | One Time Retirement Incentive

RE: One Time Retirement Incentive (pdf)

The NPMHU and the USPS have reached an agreement on the terms of a One Time Retirement Incentive. The parties have agreed that the Postal Service will make lump sum incentive payments totaling $15,000 (less applicable taxes and deductions) to eligible full-time career employees who choose optimal retirement or retire pursuant to a Voluntary Early Retirement (VER). Part-time career employees shall be eligible for a prorated amount based on their paid hours. Attached is the January 13, 2025, Memorandum of Understanding (MOU) which sets forth the terms of this agreement.

To be eligible to retire under a Voluntary Early Retirement (VER), there are minimum age and service requirements. The requirements are:
• At least age 50 with at least 20 years of creditable Federal service OR
• Any age with at least 25 years creditable Federal service.
• An employee must have at least 5 years of creditable civilian service to be eligible for an early voluntary retirement.

More detailed information will be widely circulated to all eligible mail handlers, directly from the Postal Service, during the coming weeks.
Although we are pleased to provide this opportunity to the membership, please be advised that the NPMHU neither encourages nor discourages anyone from taking this opportunity. Retirement is a very important and personal decision, and mail handlers should proceed very cautiously to evaluate what this offer means to them personally.

Reference: NPMHU via NPMHU 317 NOTE: APWU/USPS is Offering the Same




 

Is Medicare Part D better for postal a retiree than PSHB Part D Employer Group Waiver Plan (EGWP)?

  Is Medicare Part D better for postal a retiree than PSHB Part D Employer Group Waiver Plan (EGWP)?

"...For many retirees, Medicare Part D can be considered better than a PSHB Part D EGWP because it..."

Reference: federalretirementnews.blogspot.com




 

Military Veterans | Some vets get 12 extra months of college benefits under new VA rules

  Military Veterans | Some vets get 12 extra months of college benefits under new VA rules

"...The announcement, made by VA Secretary Denis McDonough during remarks at the Student Veterans of America national convention in Colorado...To qualify, veterans must have ..."

Reference: Military Veteran News




 

PSHB Part D Employer Group Waiver Plan (EGWP) is Confusing Postal Retirees | Part D or EGWP?

  PSHB Part D Employer Group Waiver Plan (EGWP) is Confusing Postal Retirees | Part D or EGWP?

"..."PSHB Part D EGWP" refers to the "Employer Group Waiver Plan" for Medicare Part D prescription drug coverage that is ..."

Reference: Federal NewsGroup