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USPS offers mail handlers buyouts and early outs

The U.S. Postal Service is offering a voluntary early retirement opportunity and a voluntary separation incentive to mail handlers represented by the National Postal Mail Handlers Union.

The U.S. Postal Service is offering a voluntary early retirement opportunity and a voluntary separation incentive to mail handlers represented by the National Postal Mail Handlers Union.

Under the incentive offer announced last week, most career mail handlers covered by the USPS-NPMHU national agreement — about 45,000 employees — are eligible for a $15,000 incentive payment. The offer would pay out $7,500 on Dec. 21, 2012, and $7,500 on or about Dec. 20, 2013. Part-time career employees also are eligible for the incentive on a prorated basis.

Employees who are eligible for the voluntary early retirement offer will receive an offer letter and annuity estimate this week, according to USPS.

Eligible employees must accept the offers by July 2, and resign or retire by Aug. 31.

Earlier this month, USPS announced a plan to phase-in consolidation of its mail processing facilities — targeting up to 140 mail processing facilities in a first phase through February 2013, and 89 facilities in a second phase scheduled to begin in 2014.

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