No Furloughs at Customs and Border Protection
IRS Employees to Receive $70 Million in Bonuses
Uncharted Financial Waters at Defense
Postal Service Eyes Cuba
Should Leaders Ever Lie?
Unions: Efficiency Board Is 'Offensive,' 'Unwise'
26,500 employees accept Postal Service buyout
Postal employees sort mail in San Francisco in 2007.
Ben Margot/AP file photo
About 26,500 U.S. Postal Service employees have accepted the agency’s latest buyout offers, according to updated figures.
This amounts to about 23 percent of the more than 115,000 employees who were eligible for the separation incentive. They will each receive $15,000 in compensation.
About 20,000 of those who chose to leave the Postal Service were eligible for retirement, while about 6,000 opted for voluntary early retirement. An additional 352 employees chose to resign.
The new figures represent about 3,000 additional employees who accepted the buyout since the last update on Nov. 28. Full-time employees had until Dec. 3 to accept the offer, while part-time workers had until Jan. 4. The number is subject to change, as employees can still back out until their Feb. 28 departure date.
USPS, which lost $16 billion in fiscal 2012, intends to reduce its workforce by 150,000 by 2015.
Excellence in Government On Demand
Performance Analytics: What It Means for Your Agency
What Big Data Means for TSA & Airport Security
How DHS is Mondernzing Mobile Procurement
By using this service you agree not to post material that is obscene, harassing, defamatory, or otherwise objectionable. Although GovExec.com does not monitor comments posted to this site (and has no obligation to), it reserves the right to delete, edit, or move any material that it deems to be in violation of this rule.
