The post office retirement scheme is designed to provide financial security to post office employees after they retire. As a government entity, the post office offers a comprehensive retirement plan that includes various benefits for its employees.
The scheme allows post office employees to contribute a portion of their salary towards their retirement fund. These contributions are matched by the post office, ensuring that employees have a substantial amount saved for their retirement.
Upon retirement, post office employees are eligible to receive a pension based on their years of service and average salary. The pension amount is calculated using a formula that takes into account the employee’s length of service and the best three years of their average salary. This ensures that employees are rewarded for their dedication and hard work throughout their careers.
In addition to the pension, the post office retirement scheme also offers benefits such as healthcare coverage, life insurance, and survivor benefits. These additional benefits provide employees and their families with financial protection and peace of mind.
In summary, the post office retirement scheme is a valuable program that ensures that employees are well taken care of in their retirement years. With a combination of a pension, healthcare coverage, and other benefits, post office employees can enjoy a secure and comfortable retirement.
What is the Post Office Retirement Scheme?
The Post Office Retirement Scheme is a pension plan specifically designed for employees of the post office. It is a comprehensive retirement scheme that provides financial benefits to eligible employees upon their retirement.
Benefits:
Under the Post Office Retirement Scheme, employees are entitled to various benefits, including:
- Pension: Eligible employees will receive a regular income in the form of a pension, which is calculated based on their years of service, average salary, and other factors.
- Gratuity: In addition to the pension, employees may also be entitled to a gratuity payment, which is a lump sum amount given to them upon retirement.
- Medical Benefits: The scheme provides medical benefits to retired employees, ensuring that they have access to necessary healthcare services.
- Life Insurance: The scheme also offers life insurance coverage to employees, ensuring that their families have financial protection in case of their demise.
Overall, the Post Office Retirement Scheme aims to provide financial security and support to employees after their retirement, enabling them to live a comfortable and dignified life.
Understanding the Basic Components
The post office retirement scheme is a comprehensive plan that provides various benefits to post office employees upon retirement. This scheme consists of several basic components that contribute to the overall retirement package.
1. Pension Plan
The pension plan is a key component of the post office retirement scheme. It provides a regular income to retired post office employees, helping them maintain their standard of living after leaving their job. The amount of pension received is usually based on factors such as the employee’s length of service, salary history, and contributions made to the scheme.
2. Gratuity
In addition to the pension plan, the post office retirement scheme also includes a gratuity component. Gratuity is a lump sum payment given to retired employees as a token of appreciation for their service. The amount of gratuity received is typically based on factors such as the employee’s final salary, years of service, and the retirement rules of the scheme.
These two components, the pension plan and gratuity, form the foundation of the post office retirement scheme. They provide financial security and stability to retired post office employees, ensuring a comfortable retirement.
Eligibility Requirements for the Scheme
In order to participate in the Post Office Retirement Scheme, individuals must meet certain eligibility requirements. These requirements are designed to ensure that the scheme benefits those who have dedicated their careers to service in the post office and are ready to retire.
Length of Service
One of the primary eligibility requirements for the scheme is a minimum length of service. Generally, employees must have completed a certain number of years working in a post office in order to qualify for the retirement benefits. This requirement ensures that only those who have made a significant commitment to their post office career can enjoy the scheme’s benefits.
Age Requirement
In addition to the length of service requirement, there is also an age requirement for the scheme. Participants must reach a certain age before they can retire and start receiving the scheme’s benefits. This requirement is in place to maintain the financial stability of the scheme and ensure that individuals have reached an appropriate age for retirement.
Note: The specific length of service and age requirements may vary depending on the specific regulations of each post office. It is recommended that employees consult with their human resources department or review the official scheme documentation to determine their eligibility.
Overall, the eligibility requirements for the Post Office Retirement Scheme are designed to recognize and reward the dedicated service of employees who have spent a considerable amount of time working in a post office. By meeting these requirements, individuals can enjoy the benefits and financial security that come with retirement.
The Benefits of Joining the Scheme
Joining the post office retirement scheme offers numerous advantages to employees. The scheme is specifically designed to provide financial stability and security during retirement years. By participating in the scheme, employees can ensure a comfortable and worry-free retirement.
One of the key benefits of the post office retirement scheme is a guaranteed income for life. Members of the scheme receive a regular pension payout, which is calculated based on their years of service and final salary. This provides retirees with a steady source of income to cover their living expenses and enjoy their post-work years.
Another advantage of the scheme is the opportunity for early retirement. By joining the scheme, employees can retire earlier than the standard retirement age, provided they meet certain criteria. Early retirement allows individuals to enjoy their retirement years while they are still active and healthy, enabling them to pursue personal interests and hobbies.
The post office retirement scheme also offers various forms of financial support. Members can access additional benefits such as travel subsidies, healthcare coverage, and assistance with long-term care expenses. These perks contribute to a higher quality of life during retirement and help retirees maintain their well-being.
Additionally, participating in the scheme provides peace of mind for employees and their families. Knowing that they have a secure retirement plan in place relieves financial stress and allows individuals to focus on enjoying their post-work life. The scheme provides a safety net that safeguards against unforeseen circumstances and ensures a comfortable retirement.
Overall, the post office retirement scheme is a valuable benefit for employees. It offers a guaranteed income, early retirement options, and various forms of financial support. By joining the scheme, individuals can enhance their retirement prospects, enjoy financial security, and have peace of mind for the future.
How Does the Post Office Retirement Scheme Work?
The Post Office Retirement Scheme is a program designed to provide retirement benefits for post office employees. It is a comprehensive plan that offers financial security and stability for retirees.
Employees who are eligible for the Post Office Retirement Scheme can start planning for their retirement as early as their first day of employment. The scheme is funded by contributions from both the employees and the post office, ensuring a sustainable source of income for retirees.
Upon retirement, employees can choose from various options offered by the scheme, including a lump sum payment, an annuity, or a combination of both. The scheme also provides a pension that is calculated based on the employee’s salary and years of service.
Retirees who opt for the lump sum payment can receive a one-time payment that provides them with a substantial amount of money to support their post-retirement life. This option is especially beneficial for those who have other sources of income or have plans for investment.
Alternatively, retirees can choose to receive an annuity, which is a regular payment made to them for the rest of their lives. This option provides a stable source of income and ensures that retirees can maintain their standard of living without worrying about running out of money.
The Post Office Retirement Scheme also offers a combination of the lump sum payment and annuity. This allows retirees to have some immediate cash for their immediate needs while also having a stable income stream for the long term.
Benefits of the Post Office Retirement Scheme
There are several benefits to participating in the Post Office Retirement Scheme. Firstly, it provides employees with a sense of security knowing that they will have financial support after retirement.
Secondly, the scheme offers flexibility in retirement options, allowing employees to choose what suits their financial goals and lifestyle. Whether they prefer a lump sum payment, an annuity, or a combination of both, the scheme can cater to their preferences.
Additionally, the scheme ensures that retirees receive a fair pension based on their salary and years of service. This helps in maintaining their standard of living and enjoying a comfortable retirement.
Overall, the Post Office Retirement Scheme is a well-structured program that provides employees with comprehensive retirement benefits. It ensures financial security and stability for retirees and allows them to choose retirement options that align with their needs and goals.
| Retirement Options | Description |
|---|---|
| Lump Sum Payment | A one-time payment that provides immediate cash for retirees, suitable for those with other income sources or investment plans. |
| Annuity | A regular payment made to retirees for the rest of their lives, ensuring a stable source of income. |
| Combination | A combination of the lump sum payment and annuity, offering immediate cash and long-term financial stability. |
Contributions and Contributions Matching
As part of the retirement benefit package offered by the post office, employees have the opportunity to contribute to their retirement savings. These contributions are deducted from their salaries before taxes, allowing employees to save for retirement in a tax-efficient manner.
The post office also offers contributions matching, which means that they will match a certain percentage of the employee’s contribution. This is a valuable benefit as it effectively doubles the amount that employees save for retirement.
For example, if an employee contributes 5% of their salary to their retirement savings, the post office may match that contribution with an additional 5%. This means that the employee is effectively saving 10% of their salary each year for retirement.
Contributions matching can make a significant difference in the amount of money employees have when they retire. By taking advantage of this benefit, employees can increase their retirement savings without necessarily increasing their own contribution rates.
It’s important for employees to understand the details of the contributions matching program offered by the post office. This may include the percentage of employee contributions that are matched, any limits on the matching contributions, and any vesting requirements for the matching contributions.
In conclusion, the post office retirement scheme offers a valuable benefit in the form of contributions matching. By taking advantage of this program, employees can increase their retirement savings and enjoy a more financially secure future.
Vesting and Retirement Options
Under the post office retirement scheme, employees are entitled to certain vesting and retirement options based on their years of service and age. Vesting refers to the amount of time an employee must work in order to become eligible for retirement benefits.
In the post office retirement scheme, employees typically become vested after 5 years of service. This means that if an employee leaves the office before completing 5 years of service, they will not be entitled to any retirement benefits. However, if an employee stays for the full 5 years, they will become fully vested in the scheme and be eligible for retirement benefits.
Retirement Options
Once an employee becomes eligible for retirement benefits, they have various options to choose from. The post office retirement scheme offers both defined benefit and defined contribution options.
Under the defined benefit option, employees receive a fixed amount of retirement benefits based on their years of service and final salary. This amount is predetermined and guaranteed by the scheme, providing employees with a stable source of income during retirement.
Alternatively, employees can opt for the defined contribution option, which allows them to contribute a portion of their salary towards a retirement savings account. The employer may also match these contributions up to a certain limit. The retirement benefits in this option are dependent on the amount of contributions made and the performance of the investment portfolio.
It is important for employees to carefully consider their retirement options and make informed decisions based on their personal financial goals and circumstances. Consulting with financial advisors or utilizing retirement planning tools can help employees make the best choices for their future.
In conclusion, the post office retirement scheme provides employees with vesting and retirement options to ensure they are adequately rewarded for their years of service and can enjoy a comfortable retirement.
Calculation of Retirement Benefits
The calculation of retirement benefits under the Post Office Retirement Scheme takes into account various factors, including the employee’s salary and length of service.
First, the employee’s average salary is determined. This is calculated by taking into account the employee’s salary over a specific period of time, such as the last three years before retirement.
Next, the length of the employee’s service is considered. The retirement benefits increase with the length of service. For each year of service, a certain percentage of the average salary is added to the retirement benefits.
Additionally, the scheme may consider any voluntary contributions made by the employee. These contributions can also boost the retirement benefits, depending on the terms of the scheme.
Finally, the retirement benefits may also be affected by factors such as inflation and the employee’s age at retirement. Some schemes may offer additional benefits or adjustments based on these factors.
It is important for employees to understand the calculation method used by the Post Office Retirement Scheme to determine their retirement benefits. By knowing how their benefits are calculated, employees can better plan for their future and ensure they receive the financial support they deserve in their retirement years.
Early Retirement Options
As a member of the Post Office retirement scheme, you may have the option of taking early retirement. This can provide you with several benefits, including financial security and the ability to enjoy your retirement years sooner.
Early retirement from the Post Office allows you to leave your position before the standard retirement age and start receiving your pension earlier. This can be particularly appealing if you are looking for a change of pace or if you have other interests you want to pursue in your retirement.
There are different early retirement options available within the Post Office retirement scheme. One option is the reduced pension option, where you can choose to retire early and receive a reduced pension amount. This may be a suitable choice if you are willing to accept a lower income in exchange for early retirement.
Another option is the flexible retirement option, which allows you to reduce your working hours gradually as you approach retirement. This can be a good choice if you want to transition into retirement more gradually and maintain a certain level of income as you ease into retirement.
It is important to carefully consider your options and understand the implications of early retirement before making a decision. You should review the terms and conditions of the Post Office retirement scheme and consult with a financial advisor or retirement specialist to ensure that early retirement is the right choice for your individual circumstances.
Overall, early retirement options within the Post Office retirement scheme can provide you with the flexibility and financial security you need to enjoy your retirement on your own terms. Whether you choose the reduced pension option or the flexible retirement option, taking early retirement can be a rewarding decision that allows you to pursue your passions and live life to the fullest.
Important Considerations for Scheme Members
Being a member of the post office retirement scheme comes with its own set of considerations. It’s important for scheme members to understand these factors to make the most out of the scheme’s benefits and ensure a secure retirement.
1. Stay Informed
It is crucial for scheme members to stay updated and informed about any changes or updates to the post office retirement scheme. This can help them plan for their retirement effectively and make informed decisions about their pension. Regularly checking the post office’s official website or consulting with scheme administrators can provide valuable information.
2. Planning for Retirement
Members must start planning for their retirement well in advance. This includes estimating their retirement income, understanding the various pension options available, and setting realistic retirement goals. Seeking professional financial advice can be beneficial in developing a comprehensive retirement plan.
Additionally, members should consider factors such as their health, financial commitments, and desired lifestyle during retirement to determine their retirement savings goals more accurately.
3. Reviewing Investment Strategy
Members should periodically review their investment strategy within the scheme to ensure it aligns with their long-term goals and risk tolerance. Depending on market conditions and personal circumstances, adjustments to the investment portfolio may be necessary. Seeking professional advice can help members make well-informed investment decisions.
It’s important for scheme members to be aware that investments within the post office retirement scheme carry risks, and past performance is not indicative of future results. Taking a balanced approach to investments can help mitigate potential risks.
By considering these important factors, members can maximize the benefits provided by the post office retirement scheme and secure a comfortable retirement.
Portability of Benefits
One of the key features of the Post Office Retirement Scheme is the portability of benefits. This means that if an employee leaves the post office before reaching retirement age, they are able to take their accrued benefits with them to another job or retirement scheme.
This portability allows employees to have more control over their retirement savings and ensure that they are able to continue building upon them even if they choose to leave the post office. It also provides employees with the flexibility to choose a retirement scheme that best fits their needs and goals.
The process of porting benefits involves transferring the accumulated retirement savings from the post office scheme to the new scheme or job. This transfer can typically be done through a direct transfer, where the funds are moved directly from one scheme to another without any tax implications.
However, it is important for employees to carefully review the terms and conditions of the new scheme or job to ensure that it offers similar benefits and features as the post office scheme. They should also consider any fees or charges associated with the transfer process, as well as any potential loss of benefits or rights.
| Benefits of Portability | Considerations |
|---|---|
| Flexibility to choose a retirement scheme | Review terms and conditions of new scheme or job |
| Control over retirement savings | Assess any fees or charges associated with the transfer |
| Continued growth of retirement savings | Ensure similar benefits and features as the post office scheme |
Overall, the portability of benefits offered by the Post Office Retirement Scheme provides employees with the opportunity to maintain and grow their retirement savings even if they choose to leave the post office before reaching retirement age.
Tax Implications of the Scheme
The Post Office Retirement Scheme offers various benefits to retiring employees, but it is important to understand the tax implications that come with participating in the scheme. This section will highlight some of the key tax considerations that individuals should be aware of.
Tax Exemption
One of the notable benefits of the scheme is that the lump sum received upon retirement is tax-exempt. This means that employees can receive a significant amount of money without being subject to income tax. However, it is important to note that this exemption may be subject to certain conditions and limitations set by the tax authorities.
Taxable Salary and Pension
While the lump sum received may be tax-exempt, it is important to remember that any salary or pension received from the Post Office Retirement Scheme is subject to income tax. These payments will be treated as regular income and will be taxed according to the applicable tax rate for the individual.
Individuals should consult with a tax professional to understand the specific tax implications based on their personal circumstances.
| Tax Considerations | Details |
|---|---|
| Tax-Exempt Lump Sum | Upon retirement, the lump sum received from the scheme is tax-exempt, subject to certain conditions. |
| Taxable Salary and Pension | Any salary or pension received from the scheme is subject to income tax. |
Importance of Regular Updates to Member Information
Regularly updating member information is of utmost importance in the context of the post office retirement scheme. The retirement scheme provides various benefits to members, such as financial security and a stable income after retirement. To ensure smooth and uninterrupted processing of these benefits, it is crucial for members to keep their information up to date at all times.
1. Accuracy of Benefit Calculations
By regularly updating their information, members can ensure the accuracy of benefit calculations under the post office retirement scheme. Any changes in personal details, such as marital status, number of dependents, or bank account information, need to be promptly reported to the relevant authorities. This helps in determining the correct amount of retirement benefits that a member is eligible for, ensuring they receive what they are entitled to.
2. Efficient Communication and Delivery of Benefits
Regular updates to member information also contribute to efficient communication and delivery of retirement benefits. Any changes in contact information, such as address or phone number, need to be promptly updated to ensure that important communications regarding benefits, updates, and changes to the retirement scheme are received in a timely manner. This helps to avoid any delays or disruptions in the processing and delivery of retirement benefits.
Additionally, accurate information related to bank accounts is crucial for the direct deposit of retirement benefits. By regularly updating this information, members can ensure that their benefits are directly deposited into the correct bank account, minimizing the risk of errors or delays in receiving their pension payments.
In conclusion, regular updates to member information play a vital role in the post office retirement scheme. It helps in accurately calculating retirement benefits and ensures efficient communication and delivery of these benefits. Members should make it a priority to promptly update any changes to their personal and contact information to reap the full benefits of the scheme.
Comparing the Post Office Retirement Scheme to Other Pension Plans
When it comes to planning for retirement, there are various pension plans available, each with its own set of benefits and features. The Post Office Retirement Scheme is one such option to consider, and it’s worth comparing it to other pension plans before making a decision.
Pros of the Post Office Retirement Scheme
One advantage of the Post Office Retirement Scheme is its stability and reliability. As a government-backed scheme, it offers a secure source of income during retirement. Additionally, the scheme typically provides a guaranteed income for life, regardless of market fluctuations or economic conditions.
Another benefit of the Post Office Retirement Scheme is the potential for tax advantages. Contributions made to the scheme are often tax-deductible, allowing individuals to save on their annual taxable income. This can provide significant savings over the long term, helping to build a larger retirement nest egg.
Comparing to Other Pension Plans
In comparison to other pension plans, such as employer-sponsored plans or individual retirement accounts (IRAs), the Post Office Retirement Scheme has some unique features. For example, unlike employer-sponsored plans, which may require a certain number of years of service before benefits are vested, the Post Office Retirement Scheme typically allows individuals to become eligible for retirement benefits after a shorter period.
Furthermore, compared to IRAs, the Post Office Retirement Scheme provides a more structured and guaranteed income stream after retirement. While IRAs offer more flexibility in terms of investment choices, the Post Office Retirement Scheme ensures a consistent income throughout retirement, which can provide peace of mind for individuals who prefer a predictable cash flow.
Overall, the Post Office Retirement Scheme offers stability, potential tax advantages, and a reliable source of income during retirement. However, it’s essential to consider individual financial goals, risk tolerance, and other factors when comparing it to other pension plans.
Advantages and Disadvantages
The Post Office Retirement Scheme offers a range of benefits for employees who are planning for their retirement. However, it is important to consider both the advantages and disadvantages of the scheme before making a decision.
Advantages
One of the main advantages of the Post Office Retirement Scheme is the security it provides. Employees can rely on a guaranteed income for the rest of their lives, ensuring financial stability and peace of mind. Additionally, the scheme offers various options for receiving retirement benefits, such as a lump sum payment or regular monthly payments, allowing employees to choose what suits their needs best.
Another advantage is the flexibility of the scheme. Employees have the option to contribute additional funds to their retirement account, which can help them build a larger nest egg and increase their pension payments. Furthermore, the scheme allows for early retirement, providing an opportunity for individuals to enjoy their retirement years earlier than the standard retirement age.
Disadvantages
One potential disadvantage of the Post Office Retirement Scheme is the limited access to funds. Once an employee joins the scheme, their contributions are locked in until they reach retirement age. This can be a drawback for those who may need access to their savings for unexpected expenses or emergencies.
Another disadvantage is the potential for changes to the scheme. The government has the power to modify pension schemes, including the Post Office Retirement Scheme, which could lead to changes in benefits and eligibility criteria. This uncertainty can make it difficult for employees to plan for their retirement effectively.
Lastly, the amount of retirement benefits received through the scheme may not be as high as expected. Factors such as length of service and average salary can impact the final pension amount. It is important for employees to carefully review their individual circumstances and consider other retirement savings options to ensure they have enough funds to support themselves during their golden years.
In conclusion, while the Post Office Retirement Scheme offers significant benefits such as guaranteed income and flexibility, it is important for employees to consider the potential disadvantages such as limited access to funds and the possibility of changes to the scheme. It is advised for individuals to carefully evaluate their retirement goals and financial situation before deciding to participate in the scheme.
Accessibility and Flexibility
The Post Office Retirement Scheme offers a high level of accessibility and flexibility when it comes to managing your retirement savings. Whether you are an employee at the post office or a retiree, you can easily access information and make changes to your retirement account.
One of the key benefits of the scheme is that it provides online access to your retirement account. This means that you can conveniently check your account balance, review your investment options, and make contribution changes from the comfort of your own home or office. The online portal is user-friendly and secure, ensuring that your personal and financial information is protected.
In addition to online access, the Post Office Retirement Scheme also offers flexibility in terms of contributing to your retirement savings. Whether you want to contribute a fixed amount each month or make occasional lump-sum contributions, the scheme allows you to customize your contribution strategy based on your financial goals and circumstances.
Furthermore, the scheme offers a range of investment options to choose from, giving you the flexibility to tailor your investments to your risk tolerance and investment preferences. Whether you prefer a conservative approach or are willing to take on more risk for potential higher returns, the scheme has investment options to suit your needs.
Overall, the accessibility and flexibility offered by the Post Office Retirement Scheme make it a convenient and customizable option for managing your retirement savings. With online access and the ability to customize your contributions and investments, you can take control of your retirement planning and ensure that your savings are working towards your long-term financial goals.
Salary Based Contributions vs Employer Contributions
When it comes to retirement schemes like the Post Office Retirement Scheme, there are different types of contributions that play a significant role in building a retiree’s financial security. Two primary types of contributions that are commonly seen in such schemes are salary-based contributions and employer contributions.
Salary Based Contributions
Salary-based contributions refer to the percentage of an employee’s salary that they choose to allocate towards their retirement savings. These contributions are deducted from the employee’s paycheck and are typically set up as a recurring deduction.
The benefit of salary-based contributions is that they allow employees to have control over their retirement savings by contributing a portion of their earnings towards their future. The more an employee contributes, the more they can potentially save for their retirement.
However, it’s important to note that salary-based contributions are subject to certain limitations and regulations set by the scheme. These limitations often include maximum contribution limits and rules regarding withdrawals before retirement age.
Employer Contributions
In addition to salary-based contributions, many retirement schemes, including the Post Office Retirement Scheme, offer employer contributions. Employer contributions are contributions made by the employer on behalf of the employee towards their retirement savings.
Employer contributions are typically calculated based on a certain percentage of the employee’s salary. The percentage may vary depending on the specific scheme and the employer’s policies. These contributions are added to the employee’s retirement savings without any deductions from their paycheck.
The advantage of employer contributions is that they provide an additional source of retirement savings for the employee, which can significantly boost their overall savings. This can be especially beneficial for employees who may not be able to contribute a large percentage of their salary towards their retirement.
It’s important for employees to understand the terms and conditions of their scheme regarding employer contributions, such as eligibility requirements and vesting periods. This can help them maximize the benefits they receive from their employer’s contributions.
In conclusion, both salary-based contributions and employer contributions are essential components of a retirement scheme like the Post Office Retirement Scheme. While salary-based contributions allow employees to contribute towards their retirement based on their earnings, employer contributions provide an additional source of savings that can significantly enhance a retiree’s financial security. Understanding the details of both types of contributions can help individuals make informed decisions about their retirement savings.
Q&A:
What is the Post Office Retirement Scheme?
The Post Office Retirement Scheme is a comprehensive retirement plan that is offered to employees of the Post Office. It provides various benefits and financial security for retired employees.
What are the benefits of the Post Office Retirement Scheme?
The benefits of the Post Office Retirement Scheme include a pension plan, medical insurance coverage, life insurance coverage, and various other post-retirement benefits. These benefits ensure that retired employees have a comfortable and secure retirement.
Is the Post Office Retirement Scheme available to all employees?
Yes, the Post Office Retirement Scheme is available to all permanent employees of the Post Office. Temporary or contract employees may not be eligible for the scheme.
How is the pension amount determined under the Post Office Retirement Scheme?
The pension amount under the Post Office Retirement Scheme is typically based on the employee’s years of service and their average salary. The longer the tenure and the higher the salary, the higher the pension amount.
Can retired employees continue to receive medical insurance coverage under the Post Office Retirement Scheme?
Yes, retired employees are eligible to continue receiving medical insurance coverage under the Post Office Retirement Scheme. The scheme ensures that retirees have access to healthcare services and financial support for medical expenses.
What is the Post Office Retirement Scheme?
The Post Office Retirement Scheme is a retirement plan available to employees of the post office. It offers various benefits to help protect the financial security of retired postal workers.