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In 1970, Richard Nixon signed the Postal Reorganization Act of 1970 into law. This law transformed the United States Post Office Department into the modern United States Postal Service. This was in response to a growing deficit in the post-war years and a nationwide strike by postal workers. [3] [4]
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
The Post Office Department became the United States Postal Service, and the NRLCA became a union, with collective bargaining rights for wages and fringe benefits. When the 2007 contract between the NRLCA and USPS expired, rural carriers were operating without a contract for nearly two years.
The full eagle logo, used in various versions from 1970 to 1993. The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or simply the Postal Service, is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, its insular areas and associated states.
The United States Office of Personnel Management (OPM) manages the United States federal civil service by providing federal human resources policy, oversight, and support, and tends to healthcare (FEHB), life insurance (FEGLI), and retirement benefits (CSRS and FERS, but not TSP) for federal government employees, retirees, and their dependents ...
Pension administration in the United States is the act of performing various types of yearly service on an organizational retirement plan, such as a 401(k), profit sharing plan, defined benefit plan, or cash balance plan. Increasingly, employers are also implementing these plan types in combination arrangements for greater contribution ...