|
Compensation: Competitive basic pay rates, regular salary
increases, overtime pay, night shift differential, and Sunday premium pay.
Overtime is paid at one and one-half times the applicable hourly rate for work
in excess of 8 hours per day, or 40 hours within a workweek.
Health Insurance: Federal Employees Health Benefits (FEHB)
Program, which provides excellent coverage and flexibility with most of the cost
paid by the Postal Service.
Retirement: The Postal Service participates in the federal retirement
program, which provides a defined benefit annuity at normal retirement age as
well as disability coverage.
Thrift Savings Plan: Employees may contribute to the Thrift Savings
Plan (TSP), which is similar to 401(k) retirement savings plans offered by
private sector employers.
Life Insurance: Federal Employees' Group Life Insurance (FEGLI)
Program. The cost of basic coverage is fully paid by the Postal Service, with
the option to purchase additional coverage through payroll deduction.
Flexible Spending Account: Employees may participate in
the Flexible Spending Accounts (FSA) Program after one year of service. Tax-free
FSA contributions can be used to cover most out-of-pocket health care and
dependent care (day care) expenses.
Leave: The Postal Service offers a generous leave program
to career employees that includes annual (vacation) leave and sick leave. For
the first 3 years of service, full-time employees earn 13 days of annual leave
per year, increasing to 20 days per year after 3 years of service, and to 26
days per year after 15 years of service. In addition, full- time employees earn
13 days of sick leave per year as insurance against loss of income due to
illness or accident.
Social Security: Newly hired postal employees are covered
under Social Security and Medicare.
Holiday: The Postal Service observes 10 holidays each
year.
|
