USPS Unveils 10-Year Plan

USPS News Release – March 23, 2021 HIGHLIGHTS OF THE ‘DELIVERING FOR AMERICA’ PLAN – Aims to meet or exceed 95 percent network-wide, on-time delivery – Operates at break-even by FY2023 avoiding $160 billion in projected losses over the next 10 years Preserves affordable, six-day mail and expands seven-day package delivery Generates $24 billion in…

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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…

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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…

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