All employees who accept the offer must separate from the agency by the end of March. Eligible workers can also choose to retire by the end of January or February. Employees began receiving the offers Monday, and USPS will continue to send them out throughout the week.
Employees must have 20 years of experience and be at least 50 years old, or have 25 years of service and be any age, to qualify under the Voluntary Early Retirement Authority. The Postal Service has received permission from the Office of Personnel Management to offer the incentives. USPS said it has no plans to offer buyouts in conjunction with the VERA incentives.