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Early Retirement

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Boss BasherPerson was signed in when posted
01:14 PM ET (US)
/m52856 Did as you said. 90 days from August 2014 these programs are to begin in (some areas of) Federal employment. In theory, it does sound very Civilized, to allow people to 'transition' into retirement, while the Employing Agency benefits from their career experience in the form of Mentoring new hires. As it applies to the Post Office, IMO it would only BE applied in some White-Collar positions - finance, accounting, HR positions, possibly machine maintenance techs. I seriously doubt it would EVER be tried at the bottom of the Totem Pole. Especially when it comes to the Carrier workforce (where I "did" my 30 years), USPS does everything they can to RUIN employees, and generally imbues them with a sense of Disloyalty, Vengeance and a Prison Mentality which most Carriers just want to ESCAPE from. Of course, there are many exceptions. I feel, that in my case, my basic set of "Mores" came through intact - despite their best (or worst) efforts, USPS did not convert me into a dishonest or mean-spirited person in any way (though I admit to bitterness toward Mismanagement). But, in my observations of MANY of my co-workers through the decades, I can easily see where they would not (and SHOULD NOT) be trusted, to Mentor new hires in a continuing role, as part of their Retirement process. Most of the foregoing is OPINION, but one FACT shines through, which is incontrovertible:

USPS consistently treat Carriers in a way that does NOT develop nor enrich them as a "valuable commodity", nor does USPS do anything to enhance a Carrier's knowledge base or education level. USPS treats Carriers like nothing less than Pack Mules - and views us as nothing but an INCONVENIENCE - an Undesired expense, and a group of people that just has to be "Dealt-With", not enhanced nor enriched or encouraged in any way. So, when a Carrier has reached the end of their career (whether it's 30 or 41 years, whatever), all they want is "OUT", and all USPS wants, is for them to be "GONE". Even those of us who have a valuable store of knowledge which might help Newbies, and who would 'play it straight' in passing that knowledge along - would not be trusted to do so by USPS. USPS would 'reap what they have sown', and in the case of most Carriers, USPS creates Bitter Fruit, most of whom just want to get out, and forget the place. I don't think I'm being unfair, saying all this. Long & Short of it: Forget about "Phased Retirement", for Carriers. For the rest of USPS, I don't know.
RIKSNYPerson was signed in when posted
11:51 AM ET (US)
/m52858 Yeah, we should be able to get car insurance through our employer too, and not have to pay tax on it. That would be more fair.
Cali to ColoPerson was signed in when posted
08:56 AM ET (US)
A big part of the phased retirement is training your replacements.
Edited 09-22-2014 08:56 AM
in with the incrowdPerson was signed in when posted
07:23 AM ET (US)
Here is a terrible option,Obamacare taxing your federal healthcare insurance as additional income and then you paying more federal taxes on it.That is why your health insurance value is stated in dollars on your W2 and 1099.
RIKSNYPerson was signed in when posted
06:26 AM ET (US)

It is always good to have more flexibility, and more choices.

I doubt if the Post Office will be offering phased retirement to anyone.
hiintheskyPerson was signed in when posted
02:55 AM ET (US)
What is everyone's opinion on the Phased Retirement. Good Or bad? Google Phased Retirement.
Merlin58Person was signed in when posted
11:19 PM ET (US)
Blue Cross Blue Shield Basic is also a good option.
Boss BasherPerson was signed in when posted
10:38 PM ET (US)
/m52853 Sorry - forgive my lack of Clarity. Yes, you've got it right...any RX costs are OUTSIDE of that max out-of-pocket per year. And yes - as long as you're dealing with a PPO (which most hospitals are, with BC/BS), it's 85%, up to the $5,500 - then, that's all you pay. Heck yes - most anything in a hospital is over $5,500. I had an ER visit which was over $10,000 - and NO surgery! After having an Anyphylactic (allergic) reaction, where my throat swelled up (along with the rest of me), they walked me right back into the ER (no waiting), and gave me HUGE IV's of antihistamines to stop the reaction. The antihistamines knocked me flat...literally. I woke up 5 hours later, all my clothes and shoes still on, with a Nurse sitting there watching me. That cost BC $10,000 bucks. Eek! I think ER's charge, not only for Procedures, but also for the TIME you are in there. All in all, Blue Cross is best for me. I had too much trouble with HMOs in the 80s and 90s - and cannot go down that road again. Like I said: With BC, you can pick your own Doctor OR Specialist, NO REFERRAL, nobody standing in your way - and, that's how I want it. There are Upsides and Downsides to all Plans.
My2CentsPerson was signed in when posted
05:02 PM ET (US)
/m52852 BB - Let's see if I understood correctly. BC/BS has max out-of-pocket of $5500/yr, but RX is NOT covered or doesn't count toward max OOP? Also, for in-patient or out-patient surgery, it's either 85% or $5500/yr max OOP, am I correct? Most out-patient surgery cost more than $5500. I need to check out the PPO plans, I have to do something on FEHB.
Boss BasherPerson was signed in when posted
12:18 AM ET (US)
/m52849 My BC has a max out-of-pocket of $5500/yr, down from a high point of $7500/yr. RX's don't count. With most hospital procedures covered at 85%, it's very easy to run-up a HUGE co-pay, but it will be knocked down to the $5500, total. I have particular needs, which a plan like Kaiser would not well serve. For many people, an all-under-one-roof Plan like Kaiser is fine...it limits their co-pays, especially RXs. But, if you have to see a lot of Specialists, and want to choose them yourself, BC is better. Also: NO REFERRAL NEEDED, for hospital or Specialist visits. You choose, you go - the coverage begins, and it's always the same. PPO rules apply, but most anyone accepts BC. I have never run into a place that is NOT a PPO for BC, but I'm sure they exist. You're right, about hospitals in general. Even a short stay is years' pay or more, before tax lol. Imagine being in hospital for 5 months...EEK!!
Cali to ColoPerson was signed in when posted
08:28 PM ET (US)
Boss, My2Cents is right, I am reading from the estimate sent to me. So, spouse and I are $416, I don't know why mine is only 107. I am going to call next Friday. Half of $908. Is $454., Boss that is all my spouse would get - so $91. for that maybe correct for survivor annuity. One of my co-workers (also thinking about going at MRA under 30 years) was shocked at how little he would get. He is staying 30 years now I am sure.
HammsbonePerson was signed in when posted
08:18 PM ET (US)
No mortgage, no car payment, no debt, equals not having to deal with the P.O. Bull. Can't put a price on retiring from a bunch of brown nosing idiots.
Edited 09-19-2014 08:20 PM
My2CentsPerson was signed in when posted
07:15 PM ET (US)
/m52844 BB - FEHB premium varies by area even with the same carrier, I'm sure CALI is reading from her estimate.

Also, how much you have to pay out of pocket with BC/BS? I hope you don't get ill if you're paying like 20% or something. I just had a simple surgery done, total bill was close to $80,000. Glad I had an Kaiser HMO, paid less than $2,000 out of pocket. My health insurance cost in retirement will be $591/mo, I also elected full survivor benefit. I know I'll pass way before my wife would, I'll have to take a good care of her as much as I can.
Edited 09-19-2014 07:17 PM
DazedandConfusedPerson was signed in when posted
06:22 PM ET (US)
/m52847 i'll never make 30, where I work now, I have the run of the place, the job is interesting, and there is no pressure. I outproduce all but one guy who is a frigging wizard. I was totally burnt out with the PO at age 57 after almost 40 years. I was getting hassled by pukes who couldn't carry my jock strap. I will probably retire again from the state when I hit 70 and have to take RMD, but it is not something I have to do. I will have my CSRS, State retirement, Social Security and RMD from my 457B. I have a girlfriend who wants to move to Florida when I do retire.
i'll never make 30Person was signed in when posted
05:15 PM ET (US)
/m52386 Dazed, good move on your part. I feel the same way by wanting to leave "earlier" then the "age 62" that's out there like a dangling carrot in front of you. (I plan on age 59 w/25 years to leave, don't care about that SS supplement nor the 10% bonus) And honestly, I can't stand working for the P.O. The physical wear & tear, three surgeries in last 11 years plus the mental anguish, is not worth it when I can work another job (even for $9.00 an hour) with less body and brain strain and possibly, as Dazed is doing, work even longer. Plus, hopefully, delaying drawing on SS & Thrift Savings till later in age. Being debt free is also a plus. There's uncertainty in my plan, but at least I've got the plan in place. The health care premiums are a crutch though, for now.

Every situation of a potential retiree is different, obviously. Sure, you have to have money and getting the most you can from your pension out of a person's time spent working at the P.O is very important too, but, it isn't everything to everyone -IF- you plan it out and your finances are in order.

It's an ok job, but we work for goofballs and I've had enough. Apologies for the negativity.
Boss BasherPerson was signed in when posted
11:41 AM ET (US)
I'm 30-year CSRS, and I could not afford either. If I had been FERS - hopeless.
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