The federal government has two main retirement systems. Most employees hired since 1983 fall under the Federal Employees’ Retirement System, known as FERS. Unlike their counterparts under the old system called CSRS (Civil Service Retirement System), FERS employees do not receive any service credit for their unused sick leave upon retirement.
One small upside to losing 26 percent of mail volume and relaxing delivery service standards over the past decade is that the U.S. Postal Service should experience a significant decline in its costs as well. Except that hasn’t happened for transportation costs.
In fact, Postal Service...Read More