Thread: USPS - restructuring update

Originally Posted by konakathy

Finally some legislation that makes some sense.

http://www.politico.com/news/stories/1111/67456.html

Out of the 20 carriers in my office - eight would retire in a NY minute.

http://cepobserver.com/2011/11/senate-bill-indications-as-to-the-scale-of-early-retirements-exoected/

http://blogs.federaltimes.com/federa...in-the-senate/

you're kidding right?

http://www.politico.com/news/stories/1111/67456.html

two thing jump out at me about that article:

if 100,000 employees accept a buyout, it would save the USPS $8 billion per year.

no way, you guys get average 80k for deliverying speigels catalogs and utility bills? and i don't even like either of those things, let alone want them delivered.

of the 20 carriers in my office - eight would retire

8/20=0.4? hey, you're not one of the 40% are you? you got to be 1 in 99 to actually protest.

yep, 80k! you should have taken the test!

and no, i'm not one of the 40% - but i'll be one of the 12 left, banking in all the overtime.

did you ever think of putting your name on the victoria secret catalog list?

Yes, some carriers do make $80 a year, but that is because we are on a hiring freeze and they are working tons of overtime to get the mail out. That figure is using wages and compensation.

If the new law makes it the carries will get hit hard because USPS will do more cluster boxes and curbside delieveries to save money and make the carriers carry and deliever more mail.

Wages savings include markups for benefits don't they?

Originally Posted by konakathy

did you ever think of putting your name on the victoria secret catalog list?

I can't do that any more, on account of a court order. It's a long story, and partially explains the need for new curtains.

On a related note, I'm having a hard time finding a lawyer to help me sue Fruit-of-the-Loom, they really should put a warning label on their camo pattern boxer brief packaging.

No, your honor, I didn't think they could see me.

Originally Posted by Warrenlm

Wages savings include markups for benefits don't they?

According to this press release,
http://about.usps.com/news/national-...irees_0812.pdf

benefits are costing 33% of payroll costs. So if you have someone making $60K a year in salary by the time you count in the overtime costs, then there is an additional $19,800 for their benefits. (Insurance, health insurance, sick leave, FERS share, etc, etc, etc.) That adds up to just shy of $80 K a year for a 60K year salary employee.

Originally Posted by James48843

According to this press release,
http://about.usps.com/news/national-...irees_0812.pdf

benefits are costing 33% of payroll costs. So if you have someone making $60K a year in salary by the time you count in the overtime costs, then there is an additional $19,800 for their benefits. (Insurance, health insurance, sick leave, FERS share, etc, etc, etc.) That adds up to just shy of $80 K a year for a 60K year salary employee.

Dang! And here I am supervising 45 people in charge of nearly $20M in gov't revenue and not making that much. At least I get weekends and holidays off now. But hey, we don't do it for the money do we?

Originally Posted by Adventurer

But hey, we don't do it for the money do we?

Thats the ONLY reason I do it...

+ 10 Kevin.

I do it for the health care and give most of my money to the doctors.

Post office losses mount to $5.1 billion last year

Link

Guess this restructuring thing needs help!