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…
AGENCY: Office of Personnel Management. ACTION: Interim final rule; request for comments. SUMMARY: The Office of Personnel Management (OPM) is issuing an interim final rule with comment period to establish and administer the Postal Service Health Benefits (PSHB) Program pursuant to the Postal Service Reform Act of 2022 (PSRA). Under the statute, OPM must establish…
The Postal Service Reform Act of 2022 (PSRA) is the culmination of more than a decade’s worth of congressional efforts to pass meaningful reform legislation. The PSRA contains financial reforms intended to improve the Postal Service’s financial sustainability, and operational reforms intended to increase efficiency, accountability, and transparency. The PSRA will have both short- and…
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…
April 12, 2022 The Postal Service reform legislation that President Biden signed into law on April 6 will involve changes to employees’ health and retirement benefits. USPS understands that employees have many questions, so here are a few things to know: • The law establishes the Postal Service Health Benefits (PSHB) Program, which will provide…
