USPS Suspends FERS Payments

On June 22, 2011 the Postal Service announced it would stop making payments to the Government for Postal Services’ portion of the fixed annuity for FERS Employees. The FERS retirement is made up of 3 parts: Social Security, TSP and the fixed annuity. Payments to your TSP account will still be made.

Your Retirement Pay and Benefits are Currently SAFE

The Postal Service has stopped making these payments because the savings accounts for our FERS retirement and the Health Benefits are overfunded and the Postal Service is having a cash flow problem.

For the last several years the NALC and the Postal Service has been working to try and get Congress to recognize the fact that the CSRS & FERS retirement accounts are overfunded and the Health Benefit account is appropriately funded. We have been working with Congress to get the money shift between accounts so that the Postal Service no longer has to pay into these accounts. Congress has not passed legislation to solve this problem.

H. R. 1351

H.R. 1351 is a bill in Congress to fix the Postal Service funding issue. Contact your Congressman and make sure they are a co-sponsor of H.R. 1351.

Contribute to COLCPE

COLCPE is the NALC political action fund used to help protect letter carrier pay and benefits. Your contribution to COLCPE is needed so that the NALC can continue to work with Congress to fix the Postal Service cash flow issue. Call the union hall if you need help signing up for COLCPE.

Congressman Darrell Issa just introduced legislation that if passed would give Congress the right to void our contract and take away our pay and benefits.

Become an E-Activist

Go to NALC.org and sign up as an E-Activist. NALC will send you emails on important political issues so that you can contact you Congressman and help us save the Postal Service.

The Time is Now You Must Get Involved The Job, Pay and Benefits you Save will be Your Own