Statement from NALC President Fredric Rolando about the Postal Service’s financial situation May 10, 2012 — Today’s U.S. Postal Service’s announcement about the most recent fiscal quarter reinforces our view of the financial situation facing the USPS and how it can be fixed. The Postal Service reports that 96 percent of its losses – $3.05 […]
Washington, DC (Feb. 13, 2012)—In light of first quarter financial reports that the U.S. Postal Service would have generated $200 million in profits had it not been required to pre-fund its future retiree health benefits, Senator Bernie Sanders and Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, called […]
The Institute for Research on the Economics Of Taxation (IRET.org) prepared the following paper on the issue of overcharging USPS $75 Billion in Pension costs. The Postal Service Office of Inspector General (OIG) released a study in January 2010 claiming the Postal Service is entitled to $75 billion from the U.S. Treasury. The Postal OIG […]