Postal Service to halt pension payments and proposed a 4-cent increase in stamp prices
USPS Temporarily Suspends Pension Contributions Amid Financial Crisis The U.S. Postal Service announced on Thursday that it has informed federal budget officials about a temporary halt in employer contributions to Federal Employees Retirement System pensions. This move aims to ensure continuous payroll processing, supplier payments, and mail deliveries. In conjunction with this, the Postal Service […]
USPS plans to halt pension payments and aims for a 4-cent increase in stamp prices.
USPS Temporarily Suspends Pension Contributions The United States Postal Service (USPS) declared on Thursday that it will halt employer contributions to the Federal Employees Retirement System pensions for the time being. However, this will not impede payroll, supplier payments, or mail deliveries. Additionally, the Postal Service is looking to raise postage rates. This includes a […]