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

[skews13]

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

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.

And you think this is a good thing? Who are you going to get to deliver your mail, Elon Musk?

The USPS has been around since the nations founding.

It is a Constitutional mandate.

It is fully funded by postage, and no tax payer dollars.

It is financially stressed because of the billionaire cock suckers that want to privatize it, and got Congress during the Bush years to force it to fund it's pension 75 years in advance.

The same time we got Medicare Advantage.

You know any private company that does that Cletis?

What we need is a new Congress that immediately reverses that funding mandate, along with everyother privatization effort by Republicans, and allow what actually works. The government as it was intended to.

And for good measure make the billionaires start paying an effective 90% tax rate again. That should keep conservatives busy for awhile.

America needs the USPS, and it's other government services that help it's citizens.

It doesn't need billionaires. Any of them.

 

[struth]

How do you know if anyone is Jewish?

He tried, he wrote a letter and filled in a 15 page form then walked down the street to mail it but the mailbox had been taken away, poor guy, and he fought for that.

Well that's not good violating treaties, but Israel has violated the geneva convention, the ICCPR, ICESCR, the convention against torture and the convention of the rights of the child CRC - all of them signed treaties - so what's all the fuss about Iran and NPT?

No lots of people actually but youy don't even care about your own countrymen so I doubt' you care about foreigners.

1) I don’t, you were the one that claimed they weren’t. I am asking how you knew
2) how’d he walk if he didn’t have a leg? Why didn’t he just go to the one that wasn’t removed?
3) hey so as Iran. Because it’s not in our interest to have Iran have a nuclear weapon. They think we are the great satan and want to destroy our country and kill Americans
4) who? What ethnicity is being cleansed ? Of course I care, that’s why I am asking…why is so hard to say? Obviously you don’t care because you are apparently keeping it a secret

 

[drudge X]

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

What does that have to do with the topic?

 

[Cassandro]

The USPS is going the way of public libraries: Charming anachronisms, but of declining utility. Junk mail delivery is not an essential government function.

 

[JonKoch]

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.

Why do you hate the US Constitution?


The U.S. Constitution authorizes the creation of the postal system in Article I, Section 8, Clause 7, known as the Postal Clause. It grants Congress the specific, enumerated power to "establish Post Offices and post Roads". This clause empowers Congress to create, regulate, and manage the nation's postal infrastructure, ensuring its foundational role.

 

[drudge X]

And you think this is a good thing? Who are you going to get to deliver your mail, Elon Musk?

The USPS has been around since the nations founding.

It is a Constitutional mandate.

It is fully funded by postage, and no tax payer dollars.

It is financially stressed because of the billionaire cock suckers that want to privatize it, and got Congress during the Bush years to force it to fund it's pension 75 years in advance.

The same time we got Medicare Advantage.

You know any private company that does that Cletis?

What we need is a new Congress that immediately reverses that funding mandate, along with everyother privatization effort by Republicans, and allow what actually works. The government as it was intended to.

And for good measure make the billionaires start paying an effective 90% tax rate again. That should keep conservatives busy for awhile.

America needs the USPS, and it's other government services that help it's citizens.

It doesn't need billionaires. Any of them.

Snail mail is a dying business. When the old geezers died off, the new generation has no use for snail mail. Go to any major city finance district and drop a piece of mail in any blue bin. I guarantee you can hear the mail landing inside the bin. Back in the 90s and early 2000, those bins were always full and overflowing. My workplace receives maybe one or two pieces of work related mail daily. Sometimes nothing for two days out of a week. The mail received are mostly courtesy copy. The sender already sent an electronic version via email.

Between mail and cash, it's a toss up as which one goes first. USPS can survive by delivering packages but it has to compete against Amazon, FedEx, and UPS.

 

[JonKoch]

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.

As part of its massive operation, USPS is also the only provider of “universal postal service”—meaning it is required by law to deliver to every address across the country, including rural areas. And that can be very expensive

Federal law also limits its ability to close retail facilities. For example, no small post office can be closed solely for operating at a deficit.


For millions of Americans, particularly in low-density and rural communities, the mail remains essential infrastructure. It delivers prescription medications, ballots, and online purchases, and it supports local small-business activity

 

[JonKoch]

The USPS is going the way of public libraries: Charming anachronisms, but of declining utility. Junk mail delivery is not an essential government function.

For millions of Americans, particularly in low-density and rural communities, the mail remains essential infrastructure. It delivers prescription medications, ballots, and online purchases, and it supports local small-business activity

 

[JonKoch]

The USPS is going the way of public libraries: Charming anachronisms, but of declining utility. Junk mail delivery is not an essential government function.

The 2006 Postal Accountability and Enhancement Act (PAEA), signed by President George W. Bush, required the USPS to prepay retiree health benefits 75 years in advance. This mandate, which no other agency or company faces, forced the USPS to prefund benefits for employees not yet born, causing severe financial losses from 2013 onward.

 

[JonKoch]

Plus they helped the Dems cheat in 2020.

Cheeto's Guy did that?

Louis DeJoy - Wikipedia

en.wikipedia.org

 

[Cassandro]

For millions of Americans, particularly in low-density and rural communities, the mail remains essential infrastructure. It delivers prescription medications, ballots, and online purchases, and it supports local small-business activity

These can't be delivered more efficiently by UPS, FedEx or Amazon?

 

[JonKoch]

What does that have to do with the fact the USPs has been losing billions every year? Frankly they lost less in 2025 then in 2024

9.5 billion v only 9 in 2025…

The 2006 Postal Accountability and Enhancement Act (PAEA), signed by President George W. Bush, required the USPS to prepay retiree health benefits 75 years in advance. This mandate, which no other agency or company faces, forced the USPS to prefund benefits for employees not yet born, causing severe financial losses from 2013 onward.


The Mandate: The PAEA required the Postal Service to pay roughly $5 billion annually for 10 years into the Postal Service Retiree Health Benefits Fund to cover future retirement health care.


Financial Impact: These obligations were responsible for over 80% of USPS losses from 2007 through 2020.

 

[JonKoch]

These can't be delivered more efficiently by UPS, FedEx or Amazon?

Like our DOD funding to private sector NOW, which get's about half of the $1 trillion a year budget? Why do you hate good, union jobs?


Efficiently huh? lol


Yes, sorry just taking it private so we can pay people who do the work, $15 an hour, is just Corp welfare

 

[JonKoch]

These can't be delivered more efficiently by UPS, FedEx or Amazon?

• USPS: Unmatched for nationwide reach, affordability, and "last mile" delivery for residential mailboxes, say Pitney Bowes.

 

[CrusaderFrank]

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.

Need to cut the "defense" budget in half and focus it on defense and not weenie waving the world over

 

[LAUGHatLEFTISTS]

The thread is about USPS being somewhat insolvent.

Somewhat insolvent? That’s like saying Elon Musk is somewhat rich.

 

[JonKoch]

Need to cut the "defense" budget in half and focus it on defense and not weenie waving the world over

DOD budget doesn't even cover everything. VA and retirement costs adding almost $300 billion in F/Y 2026. Over $1.2+ trillion this year and Dementia Don wants another $500 billion AND $200 billion for Iran/rebuilding the bombs

 

[Cassandro]

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.

Defined benefit programs are designed to swindle taxpayers out of $billions. They allow employees to make minimal pension contributions for most of their careers and then spike their earnings (including overtime) in order to receive inflated retirement benefits.

 

[drudge X]

Defined benefit programs are designed to swindle taxpayers out of $billions. They allow employees to make minimal pension contributions for most of their careers and then spike their earnings (including overtime) in order to receive inflated retirement benefits.

Perhaps the US is the only developed country, soon developing, with government embracing this kind of theft.

 

[drudge X]

Defined benefit programs are designed to swindle taxpayers out of $billions. They allow employees to make minimal pension contributions for most of their careers and then spike their earnings (including overtime) in order to receive inflated retirement benefits.

Perhaps the US is the only developed country, soon developing, with government embracing this kind of theft.