USPS OIG: Postal Service Retirement Benefits Benchmarking

Audit Report – HR-WP-14-002 – 05/01/2014 The U.S. Postal Service continues to experience financial challenges and operated at a $5 billion deficit in fiscal year (FY) 2013. The Postal Service remains a labor-intensive organization; it incurred about $47 billion in compensation and benefits expenses in FY 2013, including about $6 billion for retirement benefits. In…

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Canada Post preparing for half as much mail, CEO says

Canada Post is preparing for a 50 per cent drop in the volume of mail and will have to reinvent itself over the next five years, says CEO Deepak Chopra. The Crown corporation, which is weathering a blast of criticism from the public for its decision to end home delivery and raise postal rates, faces…

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