Over 33,000 retirement claims were processed at the Office of Personnel Management's Retirement Operations Center in January and February this year, according to the agency. The digital claims that ...

The United States Postal Service announced on Thursday that it will halt contributions to its employees’ retirement pension plan as the agency works to conserve cash and manage its dwindling finances.

A federal employee with 28 years of service and a $92,000 salary will receive a pension closer to $28,000 a year under the FERS formula, well below the 60% to 70% of pre-retirement income many workers ...

The U.S. Postal Service is suspending its contributions to the Federal Employees Retirement System, a pension plan for its workers and other civil servants, as the agency struggles with mounting ...

The U.S. Postal Service (USPS) is pulling more levers as it attempts to stave off a possible cash crisis, temporarily suspending pension contributions in a move that will free up to $2.5 billion this ...

A federal employee with 30 years of service and a $90,000 high-3 average salary receives only $27,000 annually under FERS—30% of pre-retirement income—because the formula pays just 1% per year of ...

The United States Postal Service is suspending employer pension contributions for workers beginning Friday, citing a looming cash shortfall, the agency announced Thursday. The move, which affects the ...

The U.S. Postal Service announced on Thursday that it will temporarily stop making employer contributions to the Federal Employees Retirement System (FERS) defined benefit plan. This decision was made ...

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