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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 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]
In the United States, a postal holiday is a federal holiday recognized by the United States Postal Service, ... This page was last edited on 28 December 2024, ...
Ensure your holiday gifts arrive on time with the 2024 USPS shipping guide. Find deadlines, tips and information on postal closures.
The United States Postal Service (USPS) announced Friday it might increase stamp prices in 2024 for the second year in a row, citing pressures from inflation. If approved by the Postal Regulatory ...
Fortunately, we've got answers on post office hours in 2024, along with whether or not other package and mail delivery services, like UPS and FedEx, will be running on Presidents Day. So, without ...
The NPMHU is a national organization of employees dedicated to advancing the interests of its members and their families. The primary purpose of the Union is to negotiate and enforce a National Agreement with the U.S. Postal Service, a contract that establishes wages, cost-of-living adjustments and other pay increases, working conditions, and fringe benefits for all workers within its ...
In December 2007, the President's Pay Agent reported that an average locality pay adjustment of 36.89% would be required to reach the target set by FEPCA (to close the computed pay gap between federal and non-federal pay to a disparity of 5%). By comparison, in calendar year 2007, the average locality pay adjustment actually authorized was 16.88%.