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Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. [13] By the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession, and prepaying for employee benefits as stipulated in PAEA. [14]
A Leave and Earnings Statement, generally referred to as an LES, is a document given on a monthly basis to members of the United States military which documents their pay and leave status on a monthly basis.
The NPMHU is a national organization of employees dedicated to advancing the interests of its members and their families. The primary purpose of the Union is to negotiate and enforce a National Agreement with the U.S. Postal Service, a contract that establishes wages, cost-of-living adjustments and other pay increases, working conditions, and fringe benefits for all workers within its ...
Since July 2022, federal employees have the option of investing in mutual funds that have holdings in sanctioned Chinese companies. [ 14 ] In November 2023, the Federal Retirement Thrift Investment Board switched the index for its international fund to one that excludes investments in companies in Hong Kong and mainland China .
Earnings record: You should see a year-by-year earnings record on your statement that details how much income you earned each year you worked. Double-check that the information looks accurate.
Approximately 93% of the working population in the United States are employees earning a salary or wage. [1] Typically, cash compensation consists of a wage or salary, and may include commissions or bonuses. Benefits consist of retirement plans, health insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc.
A former U.S. Postal Service employee is headed to prison after federal prosecutors said she sold a USPS key for $2,500 — resulting in hundreds of pieces of mail stolen in Alabama.
A postal worker is one who works for a post office, such as a mail carrier. In the U.S. , postal workers are represented by the National Association of Letter Carriers, AFL–CIO , National Postal Mail Handlers Union – NPMHU, the National Association of Rural Letter Carriers and the American Postal Workers Union , part of the AFL–CIO.