This time of year, a lot of people find themselves searching for topics that are “safe” to discuss with family members during Thanksgiving.
Federal News Network
The Postal Service has begun its search for a new postmaster general at a time when the agency just marked its 13th straight year of net financial losses. The agency on Thursday reported an $8.8 billion net loss in FY 2019, an increase of nearly $5 billion from the previous year, and urged Congress and regulators to alleviate some of its systemic business challenges.
Trump has also mused about privatizing the Postal Service, an idea long floated by various conservative think tanks, according to current and former senior administration officials, who spoke on the condition of anonymity to share private conversations.
WASHINGTON — The United States Postal Service today announced that Megan J. Brennan, Postmaster General and Chief Executive Officer, is retiring effective Jan. 31, 2020.
The Lima News
The United States Postal Service is in jeopardy. Since 2006, the postal service has been held back by a Congressionally mandated requirement to pre-fund its retirees’ healthcare benefits 70 years into the future—an obligation placed on virtually no other private or public-sector organization in America.
Email your member of Congress and ask them to cosponsor H.R. 2382, the USPS Fairness Act.
This legislation would repeal, in full, the onerous prefunding of retiree health care benefits mandate Congress put in place in 2006. The mandate requires the Postal Service to prefund its retiree health care benefits 75 years in advance, paying for retirement health care for individuals who haven’t been born yet, let alone enter the workforce. The mandate is accountable for 92 percent of the Postal Service’s net losses since 2007 and is a constant threat to the financial sustainability of the Postal Service.
The USPS Office of Inspector General (OIG) studied how the Postal Service engages with microbusinesses and issued a report with recommendations. It found microbusinesses to be generally satisfied with the Postal Service but advised it to do more to boost awareness of key products and services.
An unprecedented congressional mandate threatens the Postal Service’s ability to continue to provide good jobs and universal service. by Sarah Anderson, Scott Klinger, Brian Wakamo