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USPS halts pension plan contributions to postpone cash shortage

USPS halts pension plan contributions to postpone cash shortage

The Postal Service Suspends Pension Payments Amid Financial Woes The Postal Service is halting payments to the government-wide pension system after informing Congress that it could run out of funds within a year. This decision, announced on Thursday, involves withholding contributions to the Federal Employees Retirement System (FERS), a tactic aimed at conserving cash in […]

USPS plans to halt pension payments and aims for a 4-cent increase in stamp prices.

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 […]

USPS is said to be considering its first fuel surcharge on packages.

USPS is said to be considering its first fuel surcharge on packages.

US Postal Service Plans First-Ever Fuel Surcharge The U.S. Postal Service is gearing up to implement a fuel surcharge on package deliveries for the first time ever, a move prompted by increasing fuel expenses. According to sources familiar with the situation, the Postal Service will introduce an 8% surcharge starting in April, which is expected […]

Nonprofit claims USPS improperly handled 800 care packages intended for troops abroad

Nonprofit claims USPS improperly handled 800 care packages intended for troops abroad

USPS Misshipment of Care Packages to Troops A nonprofit organization is alleging that the U.S. Postal Service mishandled hundreds of care packages intended for American military personnel and is urging President Trump to step in. Kristen Gauvin, president of Box to Boots, expressed her hopes on “Fox & Friends First” Wednesday, stating, “I really hope […]