Postal Retirement Funds in Perspective: Historical Evolution and Ongoing Challenges

Posted on January 8, 2024January 9, 2024 by 21cpw

Retirement-related costs were 11.7 percent of operating expenses in FY 2023, a significant cost for the Postal Service. USPS has higher retirement liabilities than other agencies and must pay these costs through revenue rather than through congressional appropriations. The Postal Service has no control over levers that might decrease costs or generate higher fund balances….

USPS OIG Report: Foreign Posts’ Retirement Asset Investments

Posted on May 25, 2019May 25, 2019 by 21cpw

The U.S. Postal Service participates in two government-wide pension plans that are administered by the U.S. Office of Personnel Management (OPM): the Civil Service Retirement System (CSRS) and Federal Employees Retirement System (FERS). The assets of these plans are held in one trust fund, the Civil Service Retirement and Disability Fund, and are managed by…