APWU President’s Statement: Postal Workers in a Time of Crisis

Mark Dimondstein – March 25, 2020 Since the early days of the Postal Service, we postal workers have helped stitch the fabric of the country together. Even in times of crisis – whether natural disaster, conflict, or economic calamity – the Postal Service has always been there, steadily reaching every American home and business in…

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USPS OIG Report: Options to Reduce Unfunded Retirement Liabilities

Objective The Postal Service participates in three retirement plans: the Civil Service Retirement System (CSRS), the Federal Employees Retirement System (FERS), and the Postal Service Retiree Health Benefits (RHB). The first two are pension plans and the third is set up to fund the Postal Service’s share of RHB premiums. The U.S. Office of Personnel…

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USPS PMG discusses financial health, other topics

February 27, 2020 Postmaster General Megan J. Brennan discusses the Postal Service’s financial outlook in a new “Business Focus” video released this week. To restore its financial health, Brennan says the organization is pursuing opportunities to increase revenue and drive efficiency. Other requirements include a flexible pricing system from the Postal Regulatory Commission and legislation…

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USPS CFO reviews first-quarter financial results

Chief Financial Officer Joe Corbett reviews the Postal Service’s latest financial results in a “Dollars and Change” video released this week. During fiscal year 2020’s first quarter (Oct. 1-Dec. 31, 2019), USPS recorded total revenue of $19.4 billion and total operating expenses of $20.1 billion, leaving the organization with a net loss of $748 million….

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NALC President Rolando: Our plan for the 2020 election

I’m not going to say that the upcoming election is the most important of our lives, because for letter carriers every election is important. But I will say that it is the most important election since 1968 when it comes to the future of the Postal Service. Back then, a debate was raging over whether…

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USPS: First-quarter financial results reported for FY 2020

The Postal Service has reported its financial results for fiscal year 2020’s first quarter (Oct. 1-Dec. 31, 2019). Here are some highlights: • Revenue. Total revenue was $19.4 billion, down 1.8 percent from the same period one year earlier. First-Class Mail revenue declined 2.5 percent, while Marketing Mail revenue fell 5.4 percent. Shipping and packages…

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CBO Projects USPS Will Continue Defaulting on Retiree Health Fund Payments

By Ian Smith – February 4, 2020 The Congressional Budget Office predicts that the Postal Service will continue defaulting on mandatory payments to the Postal Service Retiree Health Benefits Fund for the next decade. CBO said in a recent report that it expects the Postal Service to continue defaulting on the payments for the next…

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PRC Releases FY 2019 Annual Report to the President and Congress

Washington, DC – January 21, 2020 – The Postal Regulatory Commission (Commission) today released its Fiscal Year 2019 Annual Report to the President and Congress. The report provides a summary of the main activities undertaken by the Commission throughout the year. Each year, the Commission is required to address in its report information concerning the…

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