When considering any kind of job, people often look at what the pay would be like. A USPS salary is definitely decent, but that’s not all you get. On top of paying a decent salary, the Postal Service also compensates overtime, night shifts, and Sunday work. And then there are the post office benefits.
Employees of the Postal Service enjoy a wide range of benefits that are mostly similar to what federal employees receive. The below is a list of USPS benefits as listed on the website of the USPS, with a summary of what they consist of.
Post office benefits
1. Post Office Health Insurance
One of the biggest benefits of working at the post office is that you get the USPS employee health insurance.
The USPS is part of the Federal Employees Health Benefits (FEHB) Program and takes care of 2/3 of the health insurance premiums for its employees and retirees. Employees can choose from a wide range of US postal service health insurance plans.
2. Social Security, Medicare and USPS Life Insurance
Newly hired postal employees are automatically covered by Social Security, Medicare, and a basic post office life insurance plan. Their families are covered by the basic life insurance as well and they also have the option to get additional life insurance through payroll deductions.
3. USPS Dental Benefits and Vision Insurance
The USPS Dental Insurance and USPS Vision Insurance are optional US post office benefits. The Postal Service offers its employees the option to get these insurances as a group insurance. They pay full price, but at a more affordable rate because premium contributions are not subject to taxes.
4. Long-Term Care Insurance
Another optional post office benefit. As regular health insurance or Medicare does not cover the costs of long-term care, postal employees have the option to sign up for a long-term care post office medical insurance.
5. Holidays and Leave
Postal employees get 10 USPS official holidays per year. Aside from that, they can generally take 13 days of (vacation and sick) leave each year during the first 3 years of their employment, 20 days per year after that and 26 days after 15 years of working for the USPS. Military service also counts as years worked.
For some job positions, the amount of leave days lies a bit lower. However, all “full-time employees earn 3 hours per pay period as insurance against loss of income due to illness or accident” (USPS.com).
Postal workers can carry over their sick leave days to the next year, which means they can save them up to take a longer period of leave or to take them all right before retiring.
6. USPS Flexible Spending Account
Postal employees who’ve been with the USPS for at least one year can participate in a Flexible Spending Account (FSA) program. This means that the USPS will deduct a portion of the employee’s payroll and put that money in the FSA. The employee can then use that money to pay for medical or other qualified expenses. The good thing about this? Money put aside in the USPS FSA is tax-free. You can only transfer $500 of FSA money each year, though. So it is expected that you spend what you have the USPS put aside.
7. Retirement and Thrift Savings Plan
The Postal Service takes part in the federal retirement program. This ensures the postal worker of a pension and disability coverage, depending on the age and years of service of the employee.
Aside from that, postal workers can contribute to the Thrift Savings Plan, which is similar to the 401(k) retirement savings plan in the private sector. Contributions are tax-deferred and matched by the USPS by 5%.
8. Commuter program
Postal workers can buy tax-free public transportation and parking tickets, up to IRS maximums.
9. Career development
Those who want to can continuously keep on learning at the Postal Service. The USPS has a National Center for Employee Development where postal workers are trained to work with post related technological tools. Aside from that, there are different training programs for those who wish to acquire a leadership role.
As you can see, there are plenty of benefits of working for the post office. Not just for you, but if you have a family, for them too. Gotten interested in working for USPS? You’ll most likely need to pass Exam 473 E before you can get started. This is the study guide we recommend.