NALC President’s Statement On USPS Financial Results for FY 2019

The large loss posted by the U.S. Postal Service in Fiscal Year 2019 ($8.8 billion) is largely the result of external factors, not the normal operations of the agency. More than half the loss stems from the 2006 congressional mandate that requires the Postal Service, alone among all public agencies and private companies, to pre-fund…

 Continue reading

Pennsylvania Rep. Scanlon supports USPS Fairness Act

Excerpt: October 16, 2019 “I proudly cosponsored the USPS Fairness Act to end the requirement that USPS pre-fund its retiree health benefits. The pre-fund mandate puts an unfair and undue burden on USPS, and it has prevented the agency from investing in new technologies, services, and products. As the Representative for Pennsylvania’s Fifth District, I…

 Continue reading

NALC: USPS Fairness Act reaches bipartisan majority

The USPS Fairness Act (H.R. 2382), which would repeal the retiree health benefit pre-funding requirement, passed the threshold for bipartisan majority support in the House Of Representatives with 218 co-sponsors. However, more support is needed for this bill. With new House rules, legislation that reaches 290 or more co-sponsors can be scheduled directly for a…

 Continue reading

APWU: Join the USPS Fairness Act Nationwide Phone Action

On July 23, 2019, postal workers and the communities we serve are standing up for our public Postal Service. It’s time to protect America’s most cherished institution. We are telling our elected representatives to pass the USPS Fairness Act. In 2006, Congress saddled our public Postal Service with an unfair and unsustainable burden of pre-funding…

 Continue reading

New video explains USPS finances

Chief Financial Officer Joe Corbett reviews the Postal Service’s latest in a “Dollars and Change” video released this week. During fiscal 2019’s second quarter (Jan. 1-March 31), USPS recorded revenue of $17.5 billion. Operating expenses were $19.6 billion, leaving the organization with a net loss of $2.1 billion. Several factors contributed to the net loss,…

 Continue reading

NALC: Bipartisan legislation introduced to repeal USPS pre-funding mandate

On April 28, Reps. Peter DeFazio (D-OR), Tom Reed (R-NY), Xochitl Torres Small (D-NM), and Brian Fitzpatrick (R-PA) introduced the USPS Fairness Act (H.R. 2382) which would repeal the mandate that USPS “pre-fund” decades’ worth of health benefits for its future retirees, enacted through the Postal Accountability and Enhancement Act (PAEA) of 2006. As letter…

 Continue reading

Privatization: A real threat to the USPS employee

The United States Postal Service first began moving the mail on July 26, 1775. The Service was created a year before the Thirteen Colonies proclaimed their independence in 1776 as the United States of America. The employees of the US Postal Service have been sorting and delivering the mail to the citizens of the United…

 Continue reading