pension funds

USPS temporarily suspends payments to Federal Employees Retirement System (FERS)

by

Beginning April 10, the Postal Service will temporarily suspend employer contributions to the Federal Employees Retirement System.

April 9, 2026 The Postal Service has informed the Office of Personnel Management (OPM) of its intention to temporarily suspend its employer’s contributions for the defined benefit portion of the Federal Employees Retirement System (FERS) to conserve cash and preserve liquidity due to its ongoing, severe financial crisis. “There will not be any immediate detrimental … Read more

NALC President’s Statement On USPS Financial Results for FY 2019

by

The large loss posted by the U.S. Postal Service in Fiscal Year 2019 ($8.8 billion) is largely the result of external factors, not the normal operations of the agency. More than half the loss stems from the 2006 congressional mandate that requires the Postal Service, alone among all public agencies and private companies, to pre-fund … Read more