Senator Collins: USPS Slow In Taking Advantage of Tools In Postal Reform Act

SENATOR COLLINS’ STATEMENT ON PLAN TO REDUCE POSTAL DELIVERY SERVICE   March 2, 2010 WASHINGTON, D.C. – The U.S. Postal Service today announced that it will propose cutting Saturday mail delivery as a way to trim its large budget shortfalls. It also proposes to reduce overtime and to cut its workforce by about 30,000. Senator […]

Sen. Carper: Postal Service Needs Freedom To Make Necessary Smart Business Decisions

WASHINGTON – Sen. Tom Carper (D-Del.), chairman of the Senate subcommittee with oversight authority over the U.S. Postal Service, issued the following statement in support of the Postal Service’s proposals to reduce costs and streamline operations while protecting universal service: “As Postmaster General Potter pointed out today, the Postal Service will need to make significant, […]

USPS Lost $592 Million for January 2010

The US Postal Service filed its January 2010 (unaudited) preliminary financial report today with the Postal Regulatory Commission. USPS reported a net income/ loss of $592 million. The total Fiscal Year to year loss is $887 million ($255 million for lost for November and $179 Million gain the month of December) . Mail volume was […]

Union Rejects USPS Call For Five-Day Delivery, New Business Model

APWU News APWU President William Burrus condemned USPS proposals to reduce mail delivery to five days per week, saying, “It would be the beginning of the demise of the Postal Service.” The USPS outlined the five-day delivery plan and other proposals at a conference March 2. “The assertion that the Postal Service must initiate major […]

PRC Initiates Review of USPS Pension Liability

PRC Press Release Washington, DC – The Postal Regulatory Commission yesterday issued a Notice establishing Docket SS2010-1 to conduct a review of the Civil Service Retirement System (CSRS) pension liability of the United States Postal Service. “This is an important study which will provide information regarding the financial health and viability of the Postal Service, […]

Letter carriers union opposes cutback in mail service; urges Congress to give USPS ‘financial breathing room’

ORLANDO, FL—The president of the 300,000-member National Association of Letter Carriers (NALC) today opposed the proposal by Postmaster General John E. Potter to eliminate Saturday delivery to American homes and businesses, and urged Congress instead to take steps that would provide “financial breathing room” while a better plan can be developed. NALC President Fredric V. […]

Postal Service Outlines 10-Year Plan to Address Declining Revenue, Volume

Seeks Flexibility on Operations, Delivery; Possible 2011 Price Increase WASHINGTON –Facing unprecedented volume declines and a projected, cumulative $238 billion shortfall during the next decade, Postmaster General John E. Potter today outlined an aggressive plan of cost cutting, increased productivity, and an array of legislative and regulatory changes necessary to maintain a viable United States […]

Postal Service to Add Self-Service Retirement Feature to LiteBlue

From PostalReporter reader: The Postal Service will add a new feature (eRetire) to LiteBlue which will provide employees the option of using self-service to begin the retirement process. It is anticipated that this option will become available in late March or early April 2010. eRetire is a web-based system which allows employees to: View an […]

Court:NALC Retirement Trust Fund Was Improperly Amended

Halline Overby, an annuitant in a retirement trust fund operated by National Association of Letter Carriers (NALC), and his wife Paulette Overby brought suit in district court seeking a declaration that a purported amendment to the trust plan which would have rendered Paulette Overby ineligible to receive benefits under the plan as a surviving spouse […]