Finance

Forever Stamp Stock Revaluation for Rural Carrier Fixed Credits

Effective May 11, 2009, the Postal Service’s™ new rate for a 1-ounce First-Class Mail® single-piece item is 44 cents. All Post Offices™ and postal retail units must increase the value of each Forever Stamp™ booklet in rural carrier fixed credits to reflect the price increase effective on May 11, 2009.

Rural Carrier Fixed Credit

Prior to May 11, exchange any Forever Stamp booklets in a rural carrier fixed credit with a combination of new denominated 44-cent stamp booklets (The Simpsons stamp booklets) and 2-cent, 44-cent, or any other denom­ination stamps to make up the difference. All Forever Stamp booklets need to be in the unit reserve stamp stock or the retail floor stock for revaluation.

IRT and eMOVES Offices

The unit reserve custodian will exchange the rural car­rier’s Forever Stamp booklets with a combination of new denominated 44-cent stamp booklets (The Simpsons stamp booklets) and 2-cent, 44-cent, or any other denom­ination stamps to make up the difference. Ensure the Forever Stamp booklets are added to the unit reserve stamp stock to be revalued on May 11, 2009.

POS ONE Offices

The POS ONE system will automatically revalue all Forever Stamp booklets on hand, therefore all Forever Stamp booklets must be in the retail floor stock prior to May 11, 2009. A retail associate working from the retail floor stock will exchange the rural carrier’s Forever Stamp booklets following the Exchanging Stamp Products workflow:

n Press [Stamps and Merchandise] or [Stamps].

n Select <Exchange>.

n Enter the quantity (Forever Stamp booklets). Press [Quantity].

n Scan/enter the item number of the Forever Stamp booklet being exchanged, and then select <Exchange by Item Number>.

n Select <Saleable>.

n Select <Continue>.

Note: When completing the exchange, this item must be equal to the value of the item being exchanged.

n Scan/enter the item number of the denominated 44–cent stamp booklets (The Simpsons stamp booklets) to be issued, and then select <Sell by Item Number>.

n Press [Quantity].

n Scan/enter the item number of the 2-cent, 44-cent, or any other denomination to make up the difference in stamps to be issued, and then select <Sell by Item Number>.

n Press [Quantity].

Note: The amount required to satisfy the exchange is dis­played as a negative total at the bottom of the notebook area. The amount total of loose stamps sold is displayed in the message.

n Once the value of the items sold is equal to the items being exchanged, press [Payment or End of Visit].

Note: After the revalue of all Forever Stamps on May 11, rural carriers may revert to Forever Stamps by exchanging the denominated 44-cent stamps for the new-rate 44-cent revalued Forever Stamps. Ensure items exchanged are of equal value.

Rural Carrier Owned Stock

No action needed.