NALC Statement on USPS Q3 Financial Report for FY 2018

August 10, 2018 NALC President Fredric Rolando’s statement on the release of the U.S. Postal Service’s financial statement for the third quarter of Fiscal Year 2018, covering the months of April, May and June of 2018: The Postal Service’s quarterly financial report shows the Postal Service’s underlying business strength while also indicating the need to…

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USPS OIG Report: Marketing Mail Letters Workshare Discounts

Objective The U.S. Postal Service offers a postage rate discount to mailers for presorting, pre-barcoding, handling, or transporting of mail. These workshare discounts incentivize mailers to perform specific activities that the Postal Service would otherwise have to perform. They allow the Postal Service to increase operational efficiencies, avoid some mailing costs, stimulate mail volume growth,…

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NALC response to White House tweet on the Postal Service

January 09, 2018 Over the holidays, the president mentioned the Postal Service in the following tweet: While it is clear that the intended target was Amazon’s founder Jeff Bezos (who is also owner of The Washington Post), what is less clear is the reason for the sudden interest in the pricing of packages. It’s probably…

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Time for Postal Service to send Congress “Dear John letter”

  By Dennis Wyatt – January 2, 2018 The Twitter in Chief has a point. Big businesses seem to benefit from indirect subsidies from the United States Postal Service in the form of rates that do not cover basic costs given USPS lost $5.6 billion in 2016. President Trump last week tweeted the Postal Service…

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USPS OIG: Postal Service Retiree Funds Investment Strategies

The U.S. Postal Service participates in three retirement plans: the Civil Service Retirement System (CSRS), the Federal Employee Retirement System (FERS), and the Postal Service Retiree Health Benefits Fund (PSRHBF). The first two are pension plans, and the third is set up to prefund and provide retiree health benefits. These plans are restricted to government…

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Rescind USPS pre-fund rule

By the Editorial Board – September 11, 2017 Given Congress’ politically paralyzed lack of performance over the last decade, many members might view a 22 percent postage rate increase as a means to hold down the flow of angry letters. They should, however, recognize that boosting the cost of a stamp from 49 cents to…

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Medicare cannot afford a reckless USPS bailout

By Ross Marchand – August 8, 2017 Medicare’s breaking point is nigh, with the program’s trustees projecting that solvency will only last until 2029. For American adults that will be dependent on the program in twelve short years, the trustee’s grave prognosis is a cause for alarm. But, at a time when program expenses need…

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Clock is Ticking: Contract Expires This Week for Postal Workers (audio)

By Stephanie Carson – May 18, 2015 TALLAHASSEE, Fla. – Florida postal workers have more on their minds this morning than the heavy load of Monday mail. The American Postal Workers Union contract is set to expire this Wednesday. Deborah Smith, representative for the Manatee Area Local Chapter of the American Postal Workers Union, says…

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