Voluntary Early Retirement
To: Local 320 Membership
The Postal Service just announced earlier today that it is offering Voluntary Early Retirement (VERA) to eligible Mail Handlers throughout the United States. This VERA comes without any monetary incentive payments to retire and simply makes early retirement available to employees.
To be eligible to retire under VERA, an employee must have completed 20 years of service and at least age 50, or have completed 25 years of service and be of any age. There will be three options to choose as a retirement date in 2018.
January 31, February 28 and March 31.
Eligible employees will get information directly from the Postal Service during the coming weeks.
President Local 320 NPMHU