USPS pension plan
Definition
The retirement benefits program provided by the United States Postal Service (USPS), primarily through the Federal Employees Retirement System (FERS) for employees hired after 1983 or the Civil Service Retirement System (CSRS) for earlier hires. It offers a defined benefit pension annuity, supplemented by Social Security and the Thrift Savings Plan (TSP) under FERS.
Examples
After 35 years dodging feral dogs and Black Friday chaos, Carla finally cashed in her USPS pension plan for a life of leisure.
The USPS pension plan is like that reliable old mail truck: it might creak under unfunded liabilities, but it still delivers for retirees.
Bob dreamed of trading his mailbag for marlin fishing, courtesy of his generous USPS pension plan after three decades on the route.
While sorting through scandals and surpluses, postal vets know the USPS pension plan is their golden parachute from the daily grind.
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