Postal Retirement Funds in Perspective: Historical Evolution and Ongoing Challenges

Retirement-related costs were 11.7 percent of operating expenses in FY 2023, a significant cost for the Postal Service. USPS has higher retirement liabilities than other agencies and must pay these costs through revenue rather than through congressional appropriations. The Postal Service has no control over levers that might decrease costs or generate higher fund balances….

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APWU: Second COLA Increase Announced – $1.18 per hour for career employees

August 10, 2022 In accordance with the 2021-2024 Collective Bar┬şgaining Agreement, career employees represented by the APWU will receive a $1.18 per hour cost-of-living adjustment (COLA), effective August 27, 2022. The increase is the result of a rise in the Consum┬şer Price Index (CPI-W). It will appear in paychecks dated September 16, 2022 (Pay Period…

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