NPMHU President Issues Statement Endorsing the USPS Fairness Act

For fifteen years, the United States Postal Service has been obligated to prefund its retiree healthcare costs at 100%. This mandate resulted in the annual loss of $5 billion over a decade and has been the primary cause of financial deficits since 2013. Because of these losses, the Postal Service faced cuts in services and…

 Continue reading

PMG DeJoy advocates Medicare Integration for Retirees as part of reforms

“As the Postal Service has said for years, Congress and the Commission have long delayed much needed legislative and regulatory reforms which would have helped to address the situation. Congress must enact reform legislation that addresses our unaffordable retirement payments. Most importantly, Congress must allow the Postal Service to integrate our retiree health benefits program…

 Continue reading

APWU President’s Statement: Postal Workers in a Time of Crisis

Mark Dimondstein – March 25, 2020 Since the early days of the Postal Service, we postal workers have helped stitch the fabric of the country together. Even in times of crisis – whether natural disaster, conflict, or economic calamity – the Postal Service has always been there, steadily reaching every American home and business in…

 Continue reading

USPS OIG Report: Options to Reduce Unfunded Retirement Liabilities

Objective The Postal Service participates in three retirement plans: the Civil Service Retirement System (CSRS), the Federal Employees Retirement System (FERS), and the Postal Service Retiree Health Benefits (RHB). The first two are pension plans and the third is set up to fund the Postal Service’s share of RHB premiums. The U.S. Office of Personnel…

 Continue reading

CBO Projects USPS Will Continue Defaulting on Retiree Health Fund Payments

By Ian Smith – February 4, 2020 The Congressional Budget Office predicts that the Postal Service will continue defaulting on mandatory payments to the Postal Service Retiree Health Benefits Fund for the next decade. CBO said in a recent report that it expects the Postal Service to continue defaulting on the payments for the next…

 Continue reading

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