Sunday, August 24, 2014

Protecting workers from corporate greed: The postal service does not have the ability to change benefit plans for their employees

USPS report suggests following private sector lead

"... The Federal Employees Retirement System, which nearly 90 percent of USPS employees use, requires employees hired after January 1, 2013 to contribute 3.1 percent of their salary as FERS retirement contributions due to The Middle Class Tax Relief and Job Creation Act of 2012. The Bipartisan Budget Act of 2013 required employees hired after January 1, 2014 to increase that contribution to 4.4 percent. ..."   

Reference: fedscoop.com

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