POSTAL EMPLOYEE BENEFITS

Postal employees receive the same general benefits provided to federal employees for the most part. However, USPS employees pay considerably less for their health care bi-weekly premiums than the competitive Civil Service does.

Vacation & Sick Leave

All employees receive: 10 paid holidays, 13 days of vacation for the first three years, twenty days of vacation with three to fifteen years service and after fifteen years twenty-six days. Additionally, 13 sick days are accrued each year regardless of length of service. Military time counts toward benefits. If you have three years of military service, you begin with four weeks paid vacation and three years toward retirement.

Health Benefits & Life Insurance

Medical health plans and the Federal Employees’ Group Life Insurance (FEGLI) programs are available to all employees. The medical plan is an employee-employer contribution system and includes HMO and Blue Cross and Blue Shield programs. There are hundreds of plans to choose from. The FEGLI program offers low cost term life insurance for the employee and basic coverage for the family. FEGLI offers up to five times the employee’s salary in death benefits.

One of the primary benefits of Postal Service employment is the satisfaction you experience from working in a challenging and rewarding position. Positions are available with the level of responsibility and authority that you desire.

Retirement

The Postal Service retirement system was significantly changed for individuals hired after January 1, 1984. Social Security is withheld and a new employee contribution system is fashioned after a 401k defined contribution plan. You can elect to contribute into a THRIFT savings 401k plan. The government will match your contribution up to 5 percent. This is effectively a 5 percent pay increase. Your contributions are tax deferred and reduce your taxable income by the amount contributed. The retirement benefit is determined by the amount that has accumulated during the employee’s career. This includes the interest earned and capital gains realized from the retirement fund.
There are many withdrawal options including lump sum and various fixed term annuities. The contribution plan payout is in addition to the social security benefits that you will be eligible for at retirement. Postal workers pay considerably less for their health benefits than competitive federal civil service employees due to their negotiated union contracts.

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