NPMHU/USPS | One Time Retirement Incentive

NPMHU/USPS | One Time Retirement Incentive

From the article: "...(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..."

Article Reference: NPMHU 317
NPMHU/USPS | One Time Retirement Incentive

Military Deposit Election Application

Military Deposit Election Application

From the article: "...A Civil Service Retirement System (CSRS) or CSRS Offset military deposit is 7% and a Federal Employment Retirement System (FERS) military deposit is 3% of the basic pay you received during the period of active duty military service plus interest. Military basic pay does not include allowances, flight pay, combat pay, etc. The military deposit percentages of basic pay are slightly higher for military service that occurred in the years 1999 through 2000 (through 2002 for Members of Congress) because there was a temporary increase in retirement deductions for those years..."

Article Reference: www.opm.gov