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Working for the Postal Regulatory Commission
As a federal employee, there are many important decisions you have to make. What health insurance plan should you choose? Should you enroll in life insurance? If you participate in the Thrift Savings Plan how much should you contribute? Should you enroll in a Flexible Spending Account?
The decisions you have to make are even more challenging because federal employees have more choices to make than ever before. Besides standard health insurance coverage there’s also dental and vision coverage and long term care insurance available to you.
And you can enroll in a Flexible Spending Account which enables you to set aside pre-tax funds to pay for a wide range of common, out of pocket health and dependent care expenses.
The Commission’s compensation system is separate from the GS pay system administered throughout most of the Federal government. Our pay-for-performance process provides a system for employees to advance through their pay scale.
The Postal Regulatory Commission participates in the Federal Employees Health Benefits (FEHB) program which provides excellent coverage and flexibility with most of the cost paid by the Commission. There are many plans available, including both traditional insurance coverage and health maintenance organizations (HMOs). Employee premium contributions are not subject to taxes, making health insurance even more affordable.
The PRC 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 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 on a tax-deferred basis, and may receive automatic and matching contributions (up to 5 percent of pay), after a waiting period, from the PRC.
Social Security and Medicare
Newly hired employees are covered under Social Security and Medicare.
The PRC offers coverage through the Federal Employees’ Group Life Insurance (FEGLI) program. The cost of basic coverage is fully paid by the Commission, with the opportunity to purchase additional coverage through payroll deduction.
Flexible Spending Accounts
Career employees may participate in the Flexible Spending Account (FSA) program. Tax-free FSA contributions can be used to cover most out-of-pocket health and dependent care (day care) expenses. The contributions are tax-free and can be used for health-care expenses up to $5,000 or dependent care expenses up to $5,000.
Long Term Care Insurance
The Long-Term Care Insurance is available through the Long-Term Care Insurance Program (LTCIP) which provides long term care insurance for employees and eligible family members, including parents. For more information visit http://www.ltcfeds.com
Supplemental Vision and Dental Insurance
Vision and/or dental insurance beyond what is provided by Federal employee health benefits plans is available through the Federal government’s FEDVIP program.
EARNING - The PRC 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 an insurance against loss of income due to illness or accident.
ANNUAL LEAVE CARRY OVER – Postal Regulatory Commission employees can accumulate and carry over 560 hours of annual leave each year vs. other Federal agencies that have a carry over limit of 240 hours.
ANNUAL LEAVE EXCHANGE PROGRAM - This program provides eligible employees with an opportunity to receive cash in exchange for earned leave.
SICK LEAVE FOR DEPENDENT CARE - Employees may use up to 80 hours of sick leave per year to care for a family member (son, daughter, spouse or parents) with an illness or injury.
Employees receive 10 days of paid holiday each year: New Year's Day, Martin Luther King Jr. Day, Presidents Day; Memorial Day, Independence Day, Labor Day, Columbus Day, Veteran's Day, Thanksgiving Day, and Christmas Day.
Training and Development
The PRC is committed to providing support to meet the training and development needs of all employees.
PRC employees have access to an excellent fitness center located in the building. It features circuit training, free weight training, and cardiovascular equipment. Trained fitness specialists are available for personal training and fitness assessments. There are full service locker rooms.
To help employees better balance their personal demands with their professional responsibilities, staff may participate in the Commission’s Alternate Work Schedule, Flex-Time, and/or Telework programs.
The PRC offers employees a transit subsidy to be used exclusively to cover actual out-of-pocket commuting expenses up to the maximum amount allowable by law. This is currently $125 per month.
The PRC has a limited number of parking permits for the parking garage in the building.
The Commission provides an outstanding physical work environment for all staff. Our offices are located at 901 New York Avenue NW, Suite 200, Washington, DC.
The PRC is conveniently located in downtown Washington, D.C., just a few blocks from three Metro (subway) stops – Gallery Place, Metro Center, and Convention Center. The bus stops for both the East-West and North-South routes of the DC Circulator are less than a block away.