Understanding USPS VERA: What Federal Workers Need to Know
In early January, the Office of Personnel Management sent a voluntary early retirement offer to the United States Postal Service. The USPS will be able to help older employees retire earlier with better financial benefits than they previously would have received with the early retirement buyout package.
The goal of this Voluntary Early Retirement Authority (VERA) is to reduce the overall USPS workforce without having to approve a reduction in force (RIF). The USPS wants to keep as many people employed as possible and is looking for options to help people retire early so they aren’t harmed financially by the change.
Knowing what a VERA is and whether you qualify can help you decide whether you should take advantage of this USPS buyout 2018. http://myfedbenefitshelp.com/