As an example of USPS retirement under CSRS, a postal worker with a high-3 average of around $60,000 and 20 years of service earns $1,824 a month without any deductions. That equals about $22,000 annually. A worker with the same salary and 40 years of service earns $3,837 monthly, or about $46,000 annually.
Similarly one may ask, do USPS workers get a pension?
How Much Does a Postal Service Worker Make in Retirement? The federal retirement program provides pension payments and disability coverage to eligible individuals. The amount of money a postal worker makes in retirement depends on their age and how long they worked as a postal worker or government employee.
Simply so, how many years do you have to work for USPS to retire?
If you leave with 5 or more years of service, you are eligible for a deferred retirement benefit at age 62 or later. If you leave with at least 5 years but less than 10 years of service, you’re eligible to apply for retirement at age 62.
How much does a mailman make in retirement?
How much does a Retired at US Postal Service make? The typical US Postal Service Retired salary is $52,498 per year. Retired salaries at US Postal Service can range from $27,941 – $98,700 per year.
What is the highest paying job in the post office?
| Title | 2016 | 2017 |
|---|---|---|
| EXEC VP COO | 241,870.00 | 257,220.00 |
| POSTMASTER GENERAL | 285,240.00 | 287,620.00 |
| SECY USPS BD OF GOV | 205,700.00 | 207,800.00 |
| VP AREA OPERATIONS | 205,700.00 | 207,800.00 |
Is USPS mail carrier a good job?
Serving as a mailman, also known as a mail carrier, is a great opportunity for people who like to spend time outside. Although the job is physically demanding, the pay and benefits are decent. You can start work with the United States Postal Service right out of high school as long as you pass the appropriate exams.
What is the best job at USPS?
“Rural Carrier is the best job in the post office” – Postal Employees – Federal Soup.
Do mail carriers work 6 days a week?
USPS working hours vary depending on the location and route, but most mail carriers work six days a week during regular business hours. Mailman hours can include overtime, especially during holidays.
Can I retire from the post office?
Federal and postal employees under the Civil Service Retirement System (CSRS) and Federal Employees Retirement System (FERS) are eligible for voluntary early retirement if they’re at least 50 years of age, with at least 20 years of service, or any age with at least 25 years of service.
How many hours do mail carriers work?
Part-time regulars have a set work schedule of less than 40 hours per week. Full-time postal employees work a 40-hour week over a 5-day period.
What happens to my post office pension when I die?
If a former employee dies and no survivor annuity is payable, the retirement contributions remaining to the deceased person’s credit in the Civil Service Retirement and Disability Fund, plus applicable interest, are payable. This lump sum is payable under the order of precedence.