From the National Association of Postmasters of the US (NAPUS):
In yesterday’s monthly meeting with Postmaster General Patrick Donahoe, NAPUS President Bob Rapoza discussed Voluntary Early Retirements (VERs), Incentives and adding years of service as possibilities to help ease the financial burdens of the USPS. While many options are being considered as the Postal Service attempts to reduce the number of on roll employees, President Rapoza suggested that VERs, Incentives and adding years of service should be strongly considered as part of the process.
Postmaster General Donahoe is scheduled to address nearly 1,200 attendees at the NAPUS National Convention in San Juan, Puerto Rico next week. Attendees are hopeful that the PMG may provide a preview of a “major announcement” that is scheduled to be released on September 15.
In a story published in the Washington Post, the White House plans to present a USPS financial rescue plan in coming weeks. The proposed plan would be included in the Obama administrations deficit reduction package. The White House is requesting that Congress provide the USPS with a 90-day extension to pay mandatory annual retirement payments of more than $5 billion.
In a related story, the PMG told Senators that the Postal Service could lose up to $10 billion by the end of the fiscal year.
September 7, 2011