USPS begins cash conservation plan Temporarily suspends payments to Federal Employees Retirement System (FERS)

[1srelluc]

https://news.usps.com/2026/04/09/usps-begins-cash-conservation-plan/

The Postal Service has informed the Office of Personnel Management (OPM) of its intention to temporarily suspend its employer’s contributions for the defined benefit portion of the Federal Employees Retirement System (FERS) to conserve cash and preserve liquidity due to its ongoing, severe financial crisis.

“There will not be any immediate detrimental impact to our current or future retirees if normal FERS cost payments are temporarily withheld,” said Postal Service Chief Financial Officer Luke Grossmann. “The risk to the Postal Service and the American public from insufficient liquidity for postal operations dramatically outweighs any longer-term risk to the pension funds from not making the currently due payments. We will continue to transmit to OPM employees’ contributions to FERS and will also continue to transmit employer automatic and matching contributions and employee contributions to the Thrift Savings Plan. It must be noted that our pension systems remain much better funded than other agencies.”

The Postal Service pays about $200 million every other week to OPM for the FERS annuity. Suspension of payments, effective April 10, will free about $2.5 billion in the current fiscal year.

And make their financial problems $2.5B worse next year.

ETA: As a reminder, the USPS is buying 66,000 electric vehicles at a program cost of $145,454 per unit.

The USPS is nothing but a bloated jobs program.

 

[Churchill]

https://news.usps.com/2026/04/09/usps-begins-cash-conservation-plan/

The Postal Service has informed the Office of Personnel Management (OPM) of its intention to temporarily suspend its employer’s contributions for the defined benefit portion of the Federal Employees Retirement System (FERS) to conserve cash and preserve liquidity due to its ongoing, severe financial crisis.

“There will not be any immediate detrimental impact to our current or future retirees if normal FERS cost payments are temporarily withheld,” said Postal Service Chief Financial Officer Luke Grossmann. “The risk to the Postal Service and the American public from insufficient liquidity for postal operations dramatically outweighs any longer-term risk to the pension funds from not making the currently due payments. We will continue to transmit to OPM employees’ contributions to FERS and will also continue to transmit employer automatic and matching contributions and employee contributions to the Thrift Savings Plan. It must be noted that our pension systems remain much better funded than other agencies.”

The Postal Service pays about $200 million every other week to OPM for the FERS annuity. Suspension of payments, effective April 10, will free about $2.5 billion in the current fiscal year.

And make their financial problems $2.5B worse next year.

ETA: As a reminder, the USPS is buying 66,000 electric vehicles at a program cost of $145,454 per unit.

The USPS is nothing but a bloated jobs program.

Yes, you need to cut stuff like this in order to finance Israel's slaughter.

 

[1srelluc]

They need to drop 1st class and junk mail delivery to 3 days and only deliver packages otherwise.

Have you ever seen the inside of a USPS hub? I can't speak to others but in my main hub (Dulles) it's like combination of Bombay and Mexico City.

 

[drudge X]

Yes, you need to cut stuff like this in order to finance Israel's slaughter.

You sound dumber everyday.

 

[drudge X]

They need to drop 1st class and junk mail delivery to 3 days and only deliver packages otherwise.

Have you ever seen the inside of a USPS hub? I can't speak to others but in my main hub (Dulles) it's like combination of Bombay and Mexico City.

The USPS has been contributing to a pension with money that the USPS doesn't have. Sounds like what IL has been doing and look where it got them. Property owners are on the hook.

 

[Churchill]

You sound dumber everyday.

At least I can read the news.

Trump seeks historic $1.5 trillion for military in Congress budget request

The request for defence spending is the largest in decades and accompanies cuts to domestic programmes.

www.aljazeera.com

Now, get those taxes paid, all hands to the pump, bend the knee to Israel if you know what's good for you.

 

[drudge X]

At least I can read the news.

Trump seeks historic $1.5 trillion for military in Congress budget request

The request for defence spending is the largest in decades and accompanies cuts to domestic programmes.

www.aljazeera.com

Now, get those taxes paid, all hands to the pump, bow to Israel if you know what's good for you.

Like I said, you're too stupid to know that the USPS has been losing money even before Trump was elected.

 

[1srelluc]

My local PO is so short on carrier transport sometimes I don't get my mail till after 1800.

 

[Churchill]

Like I said, you're too stupid to know that the USPS has been losing money even before Trump was elected.

You think your military makes a profit?

 

[Churchill]

My local PO is so short on carrier transport sometimes I don't get my mail till after 1800.

Wait till trump privatizes it, you'll get it once a week or not at all, you'll have to go and collect it, no more deliveries.

 

[drudge X]

You think your military makes a profit?

Don't care but I expect the US military budget to be far bigger than East Timor.

 

[Churchill]

Don't care but I expect the US military budget to be far bigger than East Timor.

So why care if USPS makes a profit?

Jackass.

 

[ThunderKiss1965]

At least I can read the news.

Trump seeks historic $1.5 trillion for military in Congress budget request

The request for defence spending is the largest in decades and accompanies cuts to domestic programmes.

www.aljazeera.com

Now, get those taxes paid, all hands to the pump, bend the knee to Israel if you know what's good for you.

I don't agree with the amount requested, but cuts to unconstitutional "domestic" programs is a good thing.

 

[Churchill]

I don't agree with the amount requested, but cuts to unconstitutional "domestic" programs is a good thing.

It is explicitly authorized by the U.S. Constitution. Article I, Section 8, Clause 7 grants Congress the power to "establish Post Offices and post Roads".

 

[jackflash]

https://news.usps.com/2026/04/09/usps-begins-cash-conservation-plan/

The Postal Service has informed the Office of Personnel Management (OPM) of its intention to temporarily suspend its employer’s contributions for the defined benefit portion of the Federal Employees Retirement System (FERS) to conserve cash and preserve liquidity due to its ongoing, severe financial crisis.

“There will not be any immediate detrimental impact to our current or future retirees if normal FERS cost payments are temporarily withheld,” said Postal Service Chief Financial Officer Luke Grossmann. “The risk to the Postal Service and the American public from insufficient liquidity for postal operations dramatically outweighs any longer-term risk to the pension funds from not making the currently due payments. We will continue to transmit to OPM employees’ contributions to FERS and will also continue to transmit employer automatic and matching contributions and employee contributions to the Thrift Savings Plan. It must be noted that our pension systems remain much better funded than other agencies.”

The Postal Service pays about $200 million every other week to OPM for the FERS annuity. Suspension of payments, effective April 10, will free about $2.5 billion in the current fiscal year.

And make their financial problems $2.5B worse next year.

ETA: As a reminder, the USPS is buying 66,000 electric vehicles at a program cost of $145,454 per unit.

The USPS is nothing but a bloated jobs program.

Texting replaced the old time FAX machines of yester-century just like UPS replaced the USPS of old. U R correct, the USPS is nothing but a bloated jobs program that inefficiantly operate$ on tax dollar$.

 

[ThunderKiss1965]

It is explicitly authorized by the U.S. Constitution. Article I, Section 8, Clause 7 grants Congress the power to "establish Post Offices and post Roads".

I know the that dumbass the article stated cuts to domestic programs not a damn thing about the post office. So.......

 

[Churchill]

I know the that dumbass the article stated cuts to domestic programs not a damn thing about the post office. So.......

The thread is about USPS being somewhat insolvent.

 

[drudge X]

So why care if USPS makes a profit?

Jackass.

When did I say I care dumbass? I said the agency is spending money that isn't there.

 

[DGS49]

The pensioners, now and in the future, have nothing to worry about. Congress will not let them suffer in any way. This is a power play to get more money.

The USPS combines the worst aspects of government employment with the worst aspects of private sector union shops that have no competition. In that it is very much like Amtrak.

One petty thing that drives me crazy is that they cannot even get P.O. employees to wear their uniforms properly. Is that too much to ask? Apparently, yes. And yet, UPS gets their employees to do it.

 

[Churchill]

When did I say I care dumbass? I said the agency is spending money that isn't there.

So give it more money and stop bombing people thousands of miles away.