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Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. [13] By the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession, and prepaying for employee benefits as stipulated in PAEA. [14]
The U.S. Postal Service wants to save $3 billion annually on changes that reflect its greater reliance on streamlined regional networks — while retaining local mail delivery times of one to ...
In the United States, a postal holiday is a federal holiday recognized by the United States Postal Service, during which no regular mail is delivered, however Priority Mail Express items will still be delivered as that service functions year round.
The image of White, who died in 2021, was created based on a 2010 photograph, the USPS said. The USPS said the list of new stamps released on Friday is a partial one, with additional stamps to be ...
Rural carriers cannot earn overtime pay except for short period during the Christmas season, unless they sign the RDWL to work their assigned day off for the week. [citation needed] There are cost of living adjustments and salary increases that are negotiated in each four-year contract. There are 15 step increases in a Rural Carrier pay scale.
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In an eight-month period in 2017, the union found that these unauthorized changes shorted mail carriers out of 77 regular hours and 1,864 overtime hours, collectively costing them anywhere from ...
The Postal Service Reform Act of 2022 is a federal statute intended to address "the finances and operations of the U.S. Postal Service (USPS)", [1] specifically to lift budget requirements imposed on the Service by the Postal Accountability and Enhancement Act [2] and require it to continue six-day-a-week delivery of mail. [3]