Report to the PRC: Retiree Health Benefit Fund Liability Examination

Executive Summary The Postal Regulatory Commission (PRC) retained Segal Consulting (Segal) to conduct an independent liability examination for Postal Service workers covered by the Retiree Health Benefit (RHB) Fund. PRC specifically requested that we evaluate: Whether the current assumptions were developed in accordance with generally accepted actuarial principles and methods set forth in the Actuarial…

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Legislation Introduced to Reform Postal Employees’ Benefits

By Ian Smith – February 1, 2017 Legislation has been introduced in the House to make a number of reforms to the Postal Service. The Postal Service Reform Act of 2017 (H.R. 756) would make pension funding reforms, allow for postal rate increases and even allow the Postal Service to provide non-postal services in some…

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USPS OIG White Paper – Peeling the Onion: The Real Cost of Mail

April 18, 2016 (RARC-WP-16-009) Since passage of the Postal Accountability and Enhancement Act (PAEA) in 2006, the OIG finds the Postal Service is doing better controlling its costs than sometimes is reported in the news. The Postal Service has redesigned its network of processing plants, retail locations, delivery routes, and transportation systems, as well as…

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