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USPS halts pension contributions

USPS halts contributions to pension plan after warning of "cash crisis"

The U.S. Postal Service is suspending its contributions to the Federal Employees Retirement System, a pension plan for its workers and other civil servants, as the agency struggles with mounting losse...

Federal News Network · 11h

USPS suspends contributions to pension plan to delay running out of cash

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USPS pauses contributions to pensions to 'conserve cash' and keep mail moving

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USPS temporarily stops pension payments amid cash 'crisis'

The U.S. Postal Service has temporarily suspended payments to workers' retirement plans, citing the agency's ongoing financial woes.

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Cash strapped US Postal Service suspends contributions to pension plan

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USPS to suspend pension contributions, seeks 4-cent stamp price hike

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USPS temporarily suspends pension contributions amid ‘severe financial crisis’

The USPS reported these losses, which began in 2007 as first-class mail, its most profitable product, fell to its lowest volume since the late 1960s, according to Reuters.

· 5h

USPS stops paying into retirement for workers amid ‘severe financial crisis’

· 5h

The USPS is suspending contributions to employee pensions as it warns of a 'pending liquidity crisis'

Yahoo

Postmaster general: USPS will run out of money in 12 months

Add Yahoo as a preferred source to see more of our stories on Google. Postal workers load up their trucks for delivery at the Sunset Post Office in the Hollywood section of Los Angeles on August 22, 2020. Postmaster General David Steiner said USPS revenue ...

WDBO on MSN

Out of cash in under a year: USPS postmaster asks for more revenue

The head of the U.S. Postal Service told lawmakers that it would be “out of cash in less than 12 months” unless the agency is allowed ot borrow more money and charge more for postage.

KARE 11

Postmaster general warns USPS could run out of money by next year if 'status quo' continues

WASHINGTON — The U.S. postmaster general warned members of Congress on Tuesday that funding is on track to dry up for the U.S. Postal Service by next year and deliveries could be forced to stop unless something changes. "I am not sure the American public ...