The Obama administration released its 2013 budget proposals today. Here is what the budget included for the Postal Service: Provide Postal Service Financial Relief and Undertake Reform. The Administration recognizes the enormous value of the U.S. Postal Service (USPS) to the Nation’s commerce and communications, as well as the urgent need for reform to ensure […]
Over the weekend, Congress approved an omnibus spending bill to keep the government operating through September that included a provision to again move the deadline for the Postal Service’s 2011 future retiree health benefits pre-funding payment for another eight months, to August. The spending measure also included language to keep the Postal Service delivering mail […]
According to USPS: Compensation and benefits costs represent approximately 65% to 71% of total operating costs. However, when workers’ compensation and retiree health benefits, including the legally mandated prefunding of the retiree health benefits, are added, total personnel costs increase to approximately 77% to 80%. Although many significant steps have been taken to decrease compensation […]