Fiscal year (FY) 2006 was the last year the Postal Service recorded a profit, as First-Class Mail, its most profitable product, declined with the emergence and normalization of email and electronic bill payment options.
Comments on the two proposals are due 30 days from the date of publication in the Federal Register of the proposed rules.
Based upon the audit results, we did not make any recommendations. Postal Service management’s comments and our evaluation are at the end of the finding.
Background Each year the U.S. Postal Service is required to report on compensation in the annual Comprehensive Statement of Postal Operations (Comprehensive Statement). For calendar year (CY) 2022, the annual salary of each Postal Service employee was limited to $226,300. Two exceptions granted under the Postal Accountability and Enhancement Act of 2006 (PAEA) allow the … Read more
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 … Read more
November 15, 2021 We have audited the Reclassified Financial Statements of the U.S. Postal Service, which comprises the Government-wide Treasury Account Symbol Adjusted Trial Balance System (GTAS) Reconciliation Report – Reclassified Balance Sheet as of September 30, 2021, and the related GTAS Reconciliation Reports – Reclassified Statement of Net Cost and Reclassified Statement of Changes … Read more
Objective Our objective was to determine whether the Postal Service complied with applicable maximum total compensation provisions of the Postal Accountability and Enhancement Act of 2006 (PAEA) and related Postal Service policies and guidelines for calendar year (CY) 2020. For CY 2020, the annual salary of each Postal Service employee was limited to Executive Schedule … Read more
By Nicole Ogrysko – May 25, 2021 A bipartisan bill designed to bring desired financial relief to the U.S. Postal Service could have implications for the rest of the federal workforce, potentially raising health insurance costs for employees and retirees, an employee advocacy organization warns. For the first time in years, momentum is building in … Read more