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

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5 Residence Transactions and Lease Break

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58 Loss on Sale

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581 Eligibility

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

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[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

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[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.

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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.)

— Assets and Payables,
Controller, 7-15-10