NALC: USPS Fairness Act reaches bipartisan majority

The USPS Fairness Act (H.R. 2382), which would repeal the retiree health benefit pre-funding requirement, passed the threshold for bipartisan majority support in the House Of Representatives with 218 co-sponsors. However, more support is needed for this bill. With new House rules, legislation that reaches 290 or more co-sponsors can be scheduled directly for a…

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Should USPS’s Retirement Funds Be Invested in a More Broadly Diversified Portfolio?

Project Title: Foreign Posts’ Retirement Asset Investments Start Date: Monday, September 10, 2018 Estimated Report Release Date: March 2019 Employees of the Postal Service participate in two government-wide pension plans administered by the U.S. Office of Personnel Management (OPM): the Civil Service Retirement System and Federal Employee Retirement System. The assets of these plans are…

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PRC Recommends the President and Congress Address Financial Condition of USPS

Press Release – November 14, 2016 Washington, DC – The Postal Regulatory Commission (Commission) today made its recommendations to the President and Congress to address the volatile financial condition of the U.S. Postal Service. The Commission is required every five years under Section 701 of the Postal Accountability and Enhancement Act of 2006 (PAEA) to…

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The U.S. Postal Service’s Financial Condition: A Primer – September 22, 2014 CRS Report

Summary Since 1971, the U.S. Postal Service (USPS) has been a self-supporting government agency that covers its operating costs with revenues generated through the sales of postage and related products and services. The USPS is experiencing significant financial challenges. After running modest profits from FY2003 through FY2006, the USPS lost $45.6 billion between FY2007 and…

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