Quick Answer: How Do I Retire From The Post Office?

When can I retire from the Postal Service?

65The standard age for retirement at the USPS is 65, and there are retirement plans placed under both Federal Employment Retirement System (FERS) and Civil Service Retirement System (CSRS) depending on whether service life began before or after 1984..

What kind of retirement do postal workers get?

Any postal worker hired after 1984 takes USPS retirement under the Federal Employment Retirement System (FERS). FERS pays less than CSRS, but postal workers are eligible for Social Security and Thrift Savings Plan (TSP) payments.

Do US Postal workers get a pension?

The U.S. Postal Service provides pension and health insurance benefits to its retirees. Postal Service employees participate in the Civil Service Retirement System (CSRS) or Federal Employees Retirement System (FERS) pension programs. … However, beginning in FY 2012, the Postal Service defaulted on the required payments.

How much do retired postal workers pay for health insurance?

The government pays 70 percent of premiums on average, although the U.S. Postal Service pays more for its employees under contracts with its unions. The overall average increase was 4 percent, but more of the cost fell on enrollees because of caps on the government share.

Is the post office a stressful job?

It can be very stressful and working for the USPS is not recommended for someone who has problems handling stress. The following is based on my experience. USPS is structured like the military, with a rigid hierarchy, but it is staffed by civilians – and nepotism is alive and well.

How do I retire from USPS?

A federal or postal worker is currently eligible to retire if they meet one of the following seven criteria: 1.) They are covered by FERS, are at least 56 years old (the minimum retirement age for FERS) and have at least 30 years of service.

Is a postman a good job?

People used to say being a postman was the best job in the world. You’re up and out, in the fresh air, meeting people; it’s a healthy job, you’re active. It gave you a good feeling; everyone used to look forward to getting their post, especially at Christmas.

Who chooses postmaster general?

The postmaster general is selected and appointed by the governors, who had been appointed by the president of the United States with the advice and consent of the U.S. Senate, on the Board of Governors of the Postal Service.

What is the highest paying job in the post office?

Highest Paying Postal JobsPostmaster General. … President and Chief Marketing and Sales Officer. … Chief Operating Officer and Executive Vice President. … Chief Financial Officer and Executive Vice President. … Chief Human Resources Officer and Executive Vice President. … Chief Information Officer and Executive Vice President.More items…•

Is mail carrier a hard job?

Being a mailman is a tough job. You will deliver in all weather with very few exceptions. If you enjoy being outside and want nothing more than to do your job and go home to enjoy your weekends, CP might work for you.

What is the best job at the post office?

“Rural Carrier is the best job in the post office” – Postal Employees – Federal Soup.

How do I calculate my postal retirement?

It is approximately calculated by taking an individual’s Social Security age 62 benefit es- timate, multiplied by the number of years of FERS coverage, divided by 40. It is payable to age 62 and then ends.

Do mail carriers make good money?

Mail carriers receive raises based on seniority, leading to higher pay over time. … At the lowest, the bottom 10 percent of mail carriers earn approximately $17.78 per hour, or $36,990 per year. At the highest, the top 10 percent of mail carriers earn approximately $30.75 per hour, or $63,970 per year.

Is Post Office a good job?

The Postal Service has been a bastion of solid middle class jobs with good benefits. According to government data, the average annual pay of the 315,000 letter carriers at the postal service is $51,390. The second most common job, the 140,000 mail sorters, get paid an average of $48,380.