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Dec 25, 2017
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Retiree Corner
Dec 12, 2017

For CSRS Retirees:

The 2018 CSRS retiree COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2017 over the 2016 third quarter average. 2018 CSRS COLA increase effective with January 2018 annuity payments will be 2.0%?.

CSRS COLA

CSRS COLA

1995

2.8%

2008

2.3%

1996

2.6%

2009

5.8%

1997

2.9%

2010

0%

1998

2.1%

2011

0%

1999

1.3%

2012

3.6%

2000

2.4%

2013

1.7%

2001

3.5%

2014

1.5%

2002

2.6%

2015

1.7%

2003

1.4%

2016

0%

2004

2.1%

2017

0.3%

2005

2.7%

2018

2.0%

2006

4.1%

2007

3.3%


For FERS Retirees:

The 2018 FERS retiree COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2017 over the 2016 third quarter average. However, if the CPI-W quarterly average increases 3% or more, they subtract 1%. A 5% increase in the quarterly CPI-W average results in a 4% adjustment. If the quarterly average increases from 2% to 3%, benefits increase by 2%. A CPI-W quarterly average increase of 2% or less will increase benefits by the change in the CPI-W quarterly average. The 2018 FERS COLA increase effective with January 2018 annuity payments will be 2.0%.

FERS COLA

FERS COLA

 1995

2.0%

2008

2.0%

1996

2.0%

2009

4.8%

1997

2.0%

2010

0.0%

1998

2.0%

2011

0.0%

1999

1.3%

2012

2.6%

2000

2.0%

2013

1.7%

2001

2.5%

2014

1.5%

2002

2.0%

2015

1.7%

2003

1.4%

2016

0%

2004

2.0%

2017

0.3%

2005

2.0%

2018

2%

2006

3.1%

2007

2.3%


For Social Security Recipients:

The 2018 Social Security COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2017 over the 2016 third quarter average. The 2018 Social Security COLA increase effective with January 2018 annuity payments will be 2.0%.?

Social Security

Social Security

1995

2.8%

2008

2.3%

1996

2.6%

2009

5.8%

1997

2.9%

2010

0.0%

1998

2.1%

2011

0.0%

1999

1.3%

2012

3.6%

2000

2.4%

2013

1.7%

2001

3.5%

2014

1.5%

2002

2.6%

2015

1.7%

2003

1.4%

2016

0%

2004

2.1%

2017

0.3%

2005

2.7%

2018

2%

2006

4.1%

2007

3.3%


Nov 06, 2017

THE ONLY RETIREE CHAPTER IN COLORADO

by Scott Morrow, DMAL Retiree Chapter President

It all started with a fantastic catered dinner sponsored by the Denver Metro Area Local of the American Postal Workers Union (DMAL,APWU).  The elected Director of Human Resources at the time, Phil Desautels, did much of the work behind the scenes with support from the DMAL President, John Ancona and the Executive Board.  Everyone joining in on the festivities that evening were interested in establishing a Retiree Chapter chartered by APWU.  A chairperson was nominated and elected at the dinner to start the certification and application process for a DMAL Retiree Chapter. 

You too can form a retiree chapter.  The first step is a several page instruction sheet from the APWU Director of the Retirees.  A constitution and bylaws for your chapter must be written up and presented to a meeting of retirees paying the $36 a year, for ratification.     

The APWU “rebates” about 40% of your $3 each month to the chartered chapter.  Do the math and see that there are funds to do informational mailings and to send delegates to retiree conferences. Your leadership likely will receive no compensation, as all work with every chapter on APWU’s books is voluntary.  

Under the APWU national constitution, the chapter’s mission is political action to contact and vote for local, state and federal representatives who share your concerns as retirees in America.  To help those who support our pensions, our social security, our Medicare and other health care access, our environment and our cost of living increases.  You can band together to admonish those who would make your lives harder and more uncomfortable that retirees are a force and are engaged in the political process.

After all, it is only through working together in an organized fashion that we have any chance of the golden years we worked for, prepaid and deserve.  The forces of darkness are constantly looking for ways to take from us so that they can have even more.   The good news is that there are hundreds and hundreds of millions of us and only a few hundred of them.  Of course, also in the good news category is that active retirees can move mountains in the political arena.

Meantime, until you decide to and work towards forming your own APWU chartered retiree chapter, ANY retired APWU member in Colorado paying the three bucks a month or $36 annually can join the Denver Metro Retiree Chapter (DMRC).  Up here in Leadville, my neighbor across the street who worked at the Vail Post Office is a full member of the DMRC.  Simply by providing your CSA# to the office manager at the Denver Metro Area Local (DMAL) of the APWU you can enroll as a retiree member! 

If you retired from a different local that has no chapter yet, simply write a letter to Nancy Olumekor, APWU Retirees Director, stating you wish to be designated as a DMRC member and you can join us in our work to save our benefits and pay.  We also need your help to repeal legislation like the Windfall Elimination Provision that robs some of our members of their full social security benefits.

Contacts to join the ONLY retiree chapter in Colorado:

Scott Morrow, President; 303 915 8012

(please leave a message with your name, number and retiree status)

EMAIL:  sdmorrow1@gmail.com

Rita Burns, DMAL Office Manager

303 365-1524 ext. 11 

MAIL: officemgr@denverapwu.com

Nancy Olumekor, APWU Director of Retirees

(202) 842-8584 or write her at:

1300 L Street NW
Washington DC 20005

All of us at the DMRC look forward to your membership, help and activity.  Our struggle continues every day so we really need you on board.


Sep 13, 2017

TSP - It's Your Money!

(This article first appeared in the Sept-Oct 2017 issue of thAmerican Postal Worker magazine)

By Retirees Director Nancy Olumekor

The USPS reports that each year postal employees throw away almost $200 million in retirement benefit matching funds by failing to save in their Thrift Savings Plan (TSP).

It is never too early or too late to start planning for retirement. You need to be clear about what you want your “golden years” to look like.

If you are a Federal Employee Retirement System employee, by putting just five percent of your income into your TSP, the Postal Service will match the amount you contribute with an additional five percent. That means you’ll have twice as much going into your TSP as you originally contributed. Plus, you could benefit from lower taxes on your current income. Can’t afford five percent? Every dollar makes a difference.

Investing in the TSP is easy. It is made up of five core funds that you can mix and match. Or, if you aren’t sure which funds to choose, you can invest in a Lifecycle fund that is professionally designed based on when you’ll need your money.

An employee earning $50,000 per year who contributes five percent to their TSP – about $95 per paycheck – and earns an average annual rate of return of six percent, can potentially have a TSP account worth nearly $420,000 after 30 years.

Time is your biggest ally when it comes to the growth of your TSP account, so starting early and saving consistently can make a tremendous difference.

If you need to, go smaller and deposit $20 a week, which is only approximately $1,000 out of your paycheck each year.

You can make or change TSP contributions at any time. For more information on TSP and your investment options, visit https://liteblue.usps.gov/tsp.

Consistent and early savings can be the difference between a comfortable retirement and a difficult one. It is never too early or too late to save.


Jan 07, 2015

Postal Retirement Benefits

The APWU and other federal unions have worked with Congress for many decades to ensure retirement income security for employees who spend their careers in government service.

Today, most postal employees are eligible to participate in one of two federal retirement benefit programs:

The Civil Service Retirement System (CSRS), which provides benefits for most workers hired before 1984.

The Federal Employee Retirement System (FERS), which covers all workers hired after 1984.

Though FERS pays a smaller monthly benefit than CSRS, FERS retirees also receive Social Security and Thrift Savings Plan payments.

Whichever plan you are enrolled in, your retirement benefits are administered by the U.S. Office of Personnel Management (OPM).

Regardless of how many more years you may work before retirement, it's a good idea to understand all the benefits you earn and to plan early.

For complete information about the CSRS and FERS, visit OPM's Federal Retirement Programs Web site, www.opm.gov/retire/index.asp, or visit your USPS personnel office.


Jan 06, 2015

Medicare Enrollment

General enrollment in Medicare is open from Jan. 1 through March 31, but don’t confuse the general enrollment period with your eligibility enrollment period: You are eligible to enroll in Medicare three months before you turn 65, the month of your 65th birthday, and three months after the month you turn 65.

You will be penalized if you enroll outside of your eligibility period and your options to enroll will be limited.

If you miss your eligibility window, you may sign up only during the general enrollment period at the beginning of the year, with few exceptions. And, if Social Security records reflect that you have enrolled late, you will be required to pay a penalty in addition to the monthly premium. The penalty for enrolling late is 10 percent for each year you delay enrollment in Medicare Part B.

For most USPS retirees, the premium for Medicare Part B for 2015 is $104.90. Medicare B covers medically-necessary services from doctors and other health care providers, ambulance services, outpatient care, home health care, and some preventative services. For a complete list of covered services, visit www.Medicare.gov.

Medicare Part A covers hospitalization and it’s free because you paid for it while you worked for the Postal Service. You are eligible for Medicare Part A if you are over 65, under 65 with certain disabilities, or currently receiving Social Security benefits. If you are covered by the Federal Employees Health Benefits Plan (FEHBP) you will not be penalized if you sign-up for Medicare Part A after age 65.

The questions asked most frequently about Medicare are:

How do I enroll? - You can sign up for Medicare by visiting your local Social Security office or by completing an online application at www.socialsecurity.gov. You may also call to request an appointment to enroll by phone by calling 1-800-772-1213; TTY/TDD: 1-877-486-2048.

How do I make the payment for Medicare Part B? - There is a range of options for paying Medicare premiums. You may pay by automatic bill payment through your bank account (also known as Medicare Easy Pay), by check, or the payments may be withheld from your Social Security or annuity benefit. Be clear with Social Security on the payment method you select to avoid a delay in processing your first payments.

Should I keep my Federal Employee Health Benefits Plan and enroll in Medicare Parts A and B as well? - That’s a personal decision; when weighing your options, you should consider your usage of medical services, your ability to pay, and the penalty for enrolling late in Medicare Part B. When you retain your FEHB Plan and enroll in Medicare A and B, Medicare will be your primary payer and your FEHB Plan will cover most of the difference. APWU retirees who are in the APWU Health Plan have expressed appreciation for having both Medicare and our health plan. If you have a FEHB plan other than APWU, you should contact your FEHB plan for advice.

When does Medicare take effect? The date coverage begins depends on when you enrolled. If you enrolled during your 65th birthday enrollment period, coverage starts the first day of your birth month, unless your birthday is on the first day of the month; if your birthday is on the first day of the month, the coverage starts on the prior month. If you enrolled the month after your 65th, there is a delay of one month for each month you delay in getting coverage after turning 65. For example, if you wait one month after your birth month to sign up, coverage will start two months after you sign up. Finally, if you sign up during the general enrollment period, coverage starts on July 1 of that year.

For more information about Medicare, call 1-800-772-1213 or visit www.Medicare.gov.


Jan 08, 2014
APWU

About the APWU Retirees Department

The APWU Retirees Department is the voice of retired APWU members — within the union and on Capitol Hill.

Retirees helped build the union as we fought for — and won — better wages, improved benefits, and the right to be treated with dignity and respect.

Now, the union fights for retirees as Congress makes budget and policy decisions that affect our pensions and healthcare coverage, and that impact our lives in a profound way. The Retirees Department seeks to organize retired APWU members to join in these struggles.

The department also provides members with opportunities to see old friends — and make new ones— by participating in the activities of APWU Retiree Chapters and other union events.

The APWU Retirees Department was established in 1992 by delegates to the union’s 11th Biennial National Convention. Our goal was to bring retirees back into the union family while advancing the objectives of retired and active union members. The creation of the department required the passage of an amendment to the APWU Constitution and Bylaws, approved by more than two-thirds of voting delegates.

At subsequent conventions, delegates amended the constitution to strengthen the voice of retirees in union affairs, voting to allow retirees to elect five regional Retirees National Convention Delegates; to improve funding of retiree chapters, and to allow members of the APWU Retirees Department to elect the department director, beginning with the 2007 election of national officers.

Currently, there are more than 80,000 APWU Retirees Department members, 39local Retiree chapters, and four state chapters.


Jul 07, 2011
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Jul 07, 2011
Retirement Annuity Calculation Use one of the worksheets below to develop an estimation of your retirement annuity.


Page Last Updated: Dec 12, 2017 (07:47:49)
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