The United States Postal Service has been through a lot financially over the last couple of years. The recession has undoubtedly taken a toil on the mail carrier services we depend on to get Christmas packages to and from our loved ones and in many instances pay bills. However, with the ever growing popularity of paying bills online via the internet it has become difficult for the Post Office to keep up.
According to reports the U.S.P.S. has struggled for years to gain control of their own in-house finances but with no support from the U.S. government. As a result several post offices will remain open throughout the country, but hours of business will be cut for employees and post office users alike.
An online article posted by Fox News told its readers Saturday that, "the U.S. Postal Service announced late Friday it would offer thousands of mail-handlers a $15,000 incentive to retire early, the most recent attempt by the financially-strapped agency to cut costs and stay open for business. The voluntary offer was extended to roughly 45,000 full-time union employees. It is part of the agency’s larger plan to cut its workforce by 150,000 over the next three years and close hundreds of mail-procession centers."
Employees who wish to accept the terms and conditions of this particular agreement must notify their branch by July and leave in August. True that they will be receiving a $15,000 incentive to retire but they will only be receiving half of that payment this December and then the other half in December of 2013.
So let's face it, early retirement today is not like early retirement when our parents and grandparents were working. Because we all know that in reality early retirement usually means that you officially hang up your professional coat at one job and move on to the next. To read more about the U.S.P.S. and their offer to employees please go to: http://www.foxnews.com/politics/2012/05/26/postal-service-offers-buyouts-with-15k-incentive-in-latest-cost-cutting-plan/#ixzz1w1chSzlY
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