The Demo Site

NALC News reports that eligible letter carriers (carriers who are 50 with at least 20years of service or any age with at least 25 years of service)who wish to voluntarily retire have an extended deadline. Effective dates: May 31, June 30 or July 31.

The following excerpt was taken from the NALC website: "Those covered by CSRS must accept a permanent reduction in their annuities of 2 percent for each year they are under age 55 on the effective date of their early retirement. There is no reduction for eligible carriers covered by FERS, but those carriers would not receive the special supplemental annuity benefits payable to annuitants under age 62 until they reach their minimum retirement age (age 55-57, depending on the employee’s year of birth). The Postal Service’s VER offer does not provide any financial incentives (lump-sums, special severance payments, etc.) to choose early retirement."

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May 26, 2009