In 2022, The Postal Service Reform Act repealed the USPS’s unfair pre-funding mandate, ensuring six-day delivery and creating the Postal Service Health Benefits (PSHB) Program within the existing Federal Employees Health Benefits (FEHB) Program. These accomplishments benefit the long-term financial stability of the USPS, which in turn benefits letter carriers. This month’s Postal Record discusses…
August 14, 2023 Postmaster General Louis DeJoy traveled to Richmond, VA, last month to speak with employees about the state of the Postal Service. DeJoy met with about 650 employees in several locations, including the Richmond Main Post Office and the Richmond Processing and Distribution Center. He also swore in 10 new postmasters and spoke…
NALC – April 18, 2023 Since the enactment of the Postal Service Reform Act (PSRA) last year, NALC has been working with the Postal Service, the Office of Personnel Management (OPM), our sister postal unions, and other stakeholders on the implementation of the Postal Service Health Benefits (PSHB) Program, a new postal health insurance program…
December 30, 2023 Today the Postal Service submitted its calculations to the Postal Regulatory Commission for its density rate authority and retirement rate authority to increase rates in the coming year. These are the amounts that the Postal Service is permitted to raise rates on Market Dominant products beyond the Consumer Price Index (which, until…
November 10, 2022 The Postal Service has reported its financial results for fiscal year 2022 (Oct. 1, 2021-Sept. 30, 2022). Here are the highlights: • Revenue. Operating revenue was $78.5 billion, an increase of 1.9 percent from the previous fiscal year. First-Class Mail revenue increased 3.3 percent, and Marketing Mail revenue increased 9.7 percent. Shipping…
September 8, 2022 USPS and the Office of Personnel Management (OPM) have published online FAQs about the new Postal Service Health Benefits Program. The program, also known as PSHB, will begin in 2025 and will provide health insurance to eligible Postal Service employees, annuitants and their eligible family members. PSHB is a new program within…
August 29, 2022 USPS and the Office of Personnel Management (OPM) have published online FAQs about the new Postal Service Health Benefits Program. The program, also known as PSHB, will begin in 2025 and will provide health insurance to eligible Postal Service employees, annuitants, retirees and their eligible family members. PSHB coverage will replace Federal…
The Postal Service Reform Act passed the U.S. Senate on March 8 with bipartisan support. Now that the bill has passed both houses of Congress, it heads to the White House for President Joe Biden’s signature. The legislation eliminates the Postal Service’s outdated, burdensome retiree health benefit prefunding requirement and integrates the organization’s retiree health…
