CSRS changes

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Q: I recently heard the post office would like to break the collective bargaining contracts that had been ratified by union members and/or change the benefits as new contract talks are starting between them and the NALC. I have 30-plus years as a letter carrier plus three years in the Army and a year of sick leave. I will turn 60 in December. My plan was to work till the end of May 2014, but if they change my retirement benefits I’ll go now rather then risk losing what I know that I’ll get rather than work longer and get decreased benefits. Will there be a change in CSRS retirement benefits?

A: That’s a good question for which no one, as yet, has an answer.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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