Would You Accept $15,000 to Retire Early?

Reader Comments

Back to blog

And HELL NO for $15,000!!! Other Federal agencies are being offered $25,000 to leave...we deserve the same!!!

camaslily of OR 2:57PM March 29, 2010

With better communication from the Postal Service, more postal employees would take the early-retirement deal. See "What the Postal Service Left Out of the Early-Retirement Deal" (http://deadtreeedition.blogspot.com/2009_08_01_archive.html) and "The Postal Service's Early-Retirement Snafu" (http://deadtreeedition.blogspot.com/2009/08/postal-services-early-retirement-snafu.html).

D. Eadward Tree of HI 8:33PM September 11, 2009

What if you are number 30001 to take offer; you get nothing. The only form Human Resources wants per phone con is not my fed retirement form; they only want my statement of irrevocability so that on 25 Sep 09 I am retired. Period. I don't trust them and I have reason not to. I believe this is a scam to get rid of 100,000 personnel at a cost of 30,000. Good deal by management standards; Bad Deal for anyone who accepts this nonsense. I make 7500 in 3 months of working. I'll stay Thankyou so much for your considerate handling of this so called early opportunity to jump off the cliff.

Bill S. of IN 9:57PM September 10, 2009

If I were given $15,000 to retire early, I would add it to my investment. Since I am making 2% per week on average (doubling my money every year so far) that $15,000 would earn me an additional $300 a week, or $24,900 a year! Visit www.2percentcashcow.com to learn more.

Robert of WV 8:00PM September 02, 2009

It makes sense for those on the cusp of retirement that plan on retiring very shortly anyway. Not all make a huge salary and the 15K could be a bonus for a select few who were waiting to get something before making the plunge. Course, it does not make sense for those willing to work several more years and also taking the chance a bigger buyout option may be presented.

dan anderson of GA 1:01PM September 01, 2009

Don't know what planet you live on, but there's something called e-mail, Internet, texting, etc, etc, etc. In short, people don't need the Post Office much anymore and the Post Office has more workers than it needs. It needs to do what every other business does - FIRE THEM!!

Oh, I forgot. The super-efficient, subsidized and run-by-Congress Post Office can't fire anyone. Did you know that Congress passed a law forcing the Post Office to deliver mail 6 days-a-week, regardless if they can afford it or need to? ;) Yeah, that's the model I'd like for health care.

But back to original question, 15K is piddly, considering how overpaid these people are to move paper around. 150K would make more sense, or adding a year to their pension calculation.

JimmyDaGeek of MD 8:51AM August 28, 2009

It is a slap in the face of the American postal workers. The root of the postal services financial problems lie with the mismanagement by management for the past 10-15 years. They have been spending and wasting money like there is no tomorrow. It had to come to a crashing halt. That time is now. It is only appropriate that the work section who created this mess be the first to take the hit. We are overburdened with management. They should be the first to go. Let them take that "generous" incentive.

Rhonda Finkbeiner of OH 9:16PM August 27, 2009

If the Obama Administration can bail out the automotive industry and the banks then he can bail out the Postal Service.15k is a slap in the face to those employees who have been working for 20-30 years.The incentive to retire should be a whole lot more than that.The problem with the post office is we have all these people on the pay-roll making good money and they are not doing their job.No private sector would put up with this problem.

Gabriella of NY 8:25PM August 27, 2009

Yes. If the cash buyouts don't work, they'll resort to just laying people off without any cash incentive, so i would take the money and find a new career.

the writing's on the wall.

fern of CT 1:45PM August 27, 2009

Yes. The last time the Post Office made this offer was 24 years ago. They are going to start excessing and laying off employees. If it ISN'T an early out for you, take the offer. If it IS an early out for you, it's not enough money.

DB of NC 4:16AM August 27, 2009

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Back to blog

Planning to Retire

Senior editor Emily Brandon tells you how to get ready financially for retirement and to make your golden years the best they can be.

advertisement

Our retirement readiness calculator will provide a rough idea of how long your retirement savings and income will last.


advertisement