USPS OIG Report: Compensation, Benefits, and Bonus Authority in FY 2021

Background Each year the U.S. Postal Service is required to report on compensation in the annual Comprehensive Statement of Postal Operations. For calendar year (CY) 2021, the annual salary of each Postal Service employee was limited to $221,400. Two exceptions granted under the Postal Accountability and Enhancement Act of 2006 (PAEA) allow the Postal Service…

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What Happens to Your Benefits if You Die While Still Working?

By John Grobe – July 13, 2015 What happens to your benefits if you die while still working? This is a question we do not want to ponder, as we all plan on living long after we retire. When it comes to Ben Franklin’s quote, “Plan like you’ll live forever; pray like you’ll die tomorrow,”…

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USPS OIG: Leaving Traditional Benefits Behind?

Offering workplace benefits such as health and retirement programs and paid vacations is a well established way to attract and retain talented workers. But the structure of these offerings has been changing in the public and private sectors over the past 20 to 30 years for several reasons, including rising pension debts; a more mobile…

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USPS OIG: Postal Service Retirement Benefits Benchmarking

Audit Report – HR-WP-14-002 – 05/01/2014 The U.S. Postal Service continues to experience financial challenges and operated at a $5 billion deficit in fiscal year (FY) 2013. The Postal Service remains a labor-intensive organization; it incurred about $47 billion in compensation and benefits expenses in FY 2013, including about $6 billion for retirement benefits. In…

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