USPS Compensation
& Benefits
Compensation
In addition to highly competitive basic pay rates, most
Postal Service employees also receive 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. Night shift differential is paid at a specified
dollar rate for all hours worked between 6pm and 6am.
Sunday premium is paid at 25 percent for work scheduled
on Sunday.
Health Insurance
The Postal Service participates in the Federal Employees
Health Benefits (FEHB) Program, which provides excellent
coverage and flexibility with most of the cost paid
by the Postal Service. There are many plans available,
including both traditional insurance coverage and Health
Maintenance Organizations (HMOs). Employee premium
contributions are not subject to most taxes, making
health insurance even more affordable.
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
Career postal employees may contribute to the Thrift
Savings Plan (TSP), which is similar to 401(k) retirement
savings plans offered by private sector employers.
Employees contribute to TSP on a tax-deferred basis,
and may receive automatic and matching contributions
(up to 5 percent of pay), after a waiting period, from
the Postal Service.
Social Security and Medicare
Newly hired postal employees are covered under Social
Security and Medicare.
Life Insurance
The Postal Service offers coverage through the 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 Accounts
Career 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.
Holidays
The Postal Service observes 10 holidays each year.
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