Postmaster General: Payroll will not be interrupted despite cash shortfall

USPS FACES YEAR-END CASH SHORTFALL
SERVICES, PAYROLL WILL NOT BE INTERRUPTED
 
Without legislative relief to reduce its obligation to pay $5.4 billion to $5.8 billion annually to prefund retiree health benefits, the Postal Service this fiscal year faces a possible Sept. 30 cash shortfall of up to $700 million. But that shortfall, according to PMG Jack Potter, will not diminish the levels of customer service or threaten the agency’s ability to meet payroll.
 
https://liteblue.usps.gov/news/link/2009/nl_0806.htm#ts
 

2 thoughts on “Postmaster General: Payroll will not be interrupted despite cash shortfall

  1. I’m sure potter has some money stashed away for his and all of his friends bonuses

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