USPS Suspends Pension Contributions Amid Cash Shortfall, Seeks Stamp Price Hike
The U.S. Postal Service (USPS) has temporarily suspended employer contributions to a government-wide pension plan due to a looming cash shortfall. These measures are part of broader financial and operational adjustments, which also include seeking a 4-cent increase in stamp prices.
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U.S. Postal Service seeks hike in price of first-class mail stamps to 82 cents in July
The USPS is facing a severe financial crisis and could run out of money early in 2027. The agency has proposed hiking stamp prices along with other measures.
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USPS Pauses Pension Contributions Amid Looming Cash Shortfall Authored by Bill Pan via The Epoch Times, The U.S. Postal Service (USPS) has temporarily suspended its employer contributions to a government-wide pension plan after warning Congress that, without changes, it could run out of cash within the next year. On Thursday, USPS told the Office of Personnel Management—the federal government’s human resource division—that it would pause its biweekly employer contributions to...
By Tyler Durden
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