Handbook F-15-A Revision: Calculating Loss on Sale

Effective July 15, 2010, Handbook F-15-A, Relocation Policy Nonbargaining (EAS) Employees, is revised to add changes for relocation benefits for qualifying active nonbargaining (EAS) employees and postal career execu­tive service (PCES) managers.

Handbook F-15-A, Relocation Policy — Nonbargaining (EAS) Employees

* * * * * 

5 Residence Transactions and Lease Break

* * * * * 

58 Loss on Sale

* * * * * 

581 Eligibility

* * * * * 

To be considered for loss on sale reimbursement, the loss must meet all of the following conditions:

* * * * * 

[Add new fourth bullet to read as follows:]

n There was no failure to accept a legitimate offer from an outside buyer, to reduce the sales price in accor­dance with real estate agent recommendations, or to accept the offer made to you from the Postal Ser­vice’s Relocation Management Firm, as this may ren­der you ineligible for the loss on sale benefit.

582 Requesting Consideration for Reimbursement

582.1 Calculating Loss on Sale

* * * * * 

[Revise table and final sentence to read as follows:]

 

Loss on Sale ($)

Reimbursement @ (%)

From $1 to $20,000

90%

From $20,001 to $40,000

75%

From $40,001 to $60,000

50%

From $60,001 to $75,000

25%

From $75,001 to $100,000

10%

The maximum equity loss reimbursement payment is lim­ited to $49,250.

* * * * * 

We will incorporate these revisions into the next updated version of Handbook F-15-A available on the Postal Service™ PolicyNet website:

n Go to http://blue.usps.gov.

n Under “Essential Links” in the left-hand column, click PolicyNet.

(The direct URL for the Postal Service PolicyNet website is http://blue.usps.gov/cpim.)