USPS Salary

 

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Compensation

Not only does the Postal Service offer highly competitive basic pay rates, it ispostman also known that United States Postal Service  provides regular salary increases, overtime pay, night shift pay rate, and Sunday premium pay. Overtime hours are paid at one and one-half times the applicable hourly rate after an excess of 8 working hours per day, or 40 hours through a workweek. Night shift pay rate is at a specified dollar rate for all hours that were worked between 6pm and 6am. Sunday Premium is paid at 25 higher if you are scheduled to work on Sunday.

Postal Service Mail Sorters, Processors, and Processing Machine Operators Mean hourly wage is $23.09

Resource: http://www.bls.gov/oes/current/oes435053.htm

Postal Service Mail Carriers Mean hourly wage is $24.47

Resource: http://www.bls.gov/oes/current/oes435052.htm

Find more wages per job catagory here http://data.bls.gov/search/query/results?cx=013738036195919377644%3A6ih0hfrgl50&q=usps+wages

Health Insurance

The Postal Service is part of the Federal Employees Health Benefits (FEHB) Program. This program provides excellent coverage, as well as great flexibility where most of the cost is paid by the Postal Service. They have a variety of plans available, which include both traditional insurance coverage and Health Maintenance Organizations (HMOs). Also employee premium contributions are free to most taxes, which in return make health insurance a lot more affordable.

Retirement

The Postal Service is part of the federal retirement program. This program offers employees a defined benefit annuity when they reach a normal retirement age. The program also offers disability coverage.

Thrift Savings Plan

Career postal employees can choose to contribute to the Thrift Savings Plan (TSP). This plan is very similar to the regular 401(k) retirement savings plan, which is offered by private sector employers. These contributions to the TSP are on tax-deferred basis; also it is possible to receive automatic and matching contributions from the Postal Service up to 5 percent of pay.

Social Security and Medicare

Entry Level hired postal employees get Social Security and Medicare coverage.

Life Insurance

The Postal Service offers life insurance coverage through the Federal Employees’ Group Life Insurance (FEGLI) Program. This program is paid in full by the Postal Service, however all employees get the option of acquiring additional coverage through payroll deduction.

Flexible Spending Accounts

Career employees get to be included in and given access to the Flexible Spending Accounts (FSA) Program after their first year of service. Tax-free FSA contributions can cover most out-of-pocket health care and child care expenses, such as day care.

Leave

The Postal Service offers a very appealing leave program to career employees. This program includes annual vacation leave and sick leave. During the first 5 years of service, full-time employees receive 10 days of annual leave per year, and will increase to 15 days per year after 5 years of service, and 20 days per year after 15 years of service. Full- time employees earn 3 hours per pay period that will be used as insurance against loss of income in the case of illness or accident.

Holidays

The Postal Service observes 10 holidays per year.
Resource:
http://about.usps.com/careers/compensation-benefits.htm

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