23,600 employees accept Postal Service buyouts

Paul Sakuma/AP

More than 23,000 U.S. Postal Service employees accepted buyouts as of Nov. 28 in the latest round of offers, Federal Times has reported.

Those who take the separation incentive will receive $15,000. The Postal Service extended the offer to career employees who are represented by the American Postal Workers Union and are 50 years of age and older with 20 years of service, or have 25 years of service at any age.

Nearly all 188,000 APWU-represented employees are eligible. Full-time employees had until Dec. 3 to accept the offer, while part-time employees have until Jan. 4, 2013.

The Postal Service has not confirmed the updated numbers and will make the total number of accepted offers available after the part-time employee deadline.

USPS, which lost $16 billion in fiscal 2012, intends to reduce its workforce by 150,000 by 2015. Lawmakers from both chambers of Congress are working on a bill that would help bring the agency to fiscal solvency. The Senate has passed its version of postal reform, but the full House has yet to act.

“All stakeholders continue to work hard to reach an agreement that could advance comprehensive postal reform,” said Ali Ahmad, a spokesman for House Oversight and Government Reform Committee Chairman Rep. Darrell Issa, R-Calif. “Chairman Issa continues to believe there is a good chance postal reform will advance this Congress.”

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Going Agile:Revolutionizing Federal Digital Services Delivery

    Here’s one indication that times have changed: Harriet Tubman is going to be the next face of the twenty dollar bill. Another sign of change? The way in which the federal government arrived at that decision.

    Download
  • Cyber Risk Report: Cybercrime Trends from 2016

    In our first half 2016 cyber trends report, SurfWatch Labs threat intelligence analysts noted one key theme – the interconnected nature of cybercrime – and the second half of the year saw organizations continuing to struggle with that reality. The number of potential cyber threats, the pool of already compromised information, and the ease of finding increasingly sophisticated cybercriminal tools continued to snowball throughout the year.

    Download
  • Featured Content from RSA Conference: Dissed by NIST

    Learn more about the latest draft of the U.S. National Institute of Standards and Technology guidance document on authentication and lifecycle management.

    Download
  • GBC Issue Brief: The Future of 9-1-1

    A Look Into the Next Generation of Emergency Services

    Download
  • GBC Survey Report: Securing the Perimeters

    A candid survey on cybersecurity in state and local governments

    Download
  • The New IP: Moving Government Agencies Toward the Network of The Future

    Federal IT managers are looking to modernize legacy network infrastructures that are taxed by growing demands from mobile devices, video, vast amounts of data, and more. This issue brief discusses the federal government network landscape, as well as market, financial force drivers for network modernization.

    Download
  • eBook: State & Local Cybersecurity

    CenturyLink is committed to helping state and local governments meet their cybersecurity challenges. Towards that end, CenturyLink commissioned a study from the Government Business Council that looked at the perceptions, attitudes and experiences of state and local leaders around the cybersecurity issue. The results were surprising in a number of ways. Learn more about their findings and the ways in which state and local governments can combat cybersecurity threats with this eBook.

    Download

When you download a report, your information may be shared with the underwriters of that document.