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

[leftwinger]

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.

Ups Amazon or FEDEX or I pick it up once a year maybe TAX paper in out. I think I could live without daily dump into recycle bin Junk mail you crazy commeee clown

 

[Harry Dresden]

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.

you have no idea of the problems that would cause...

 

[Harry Dresden]

So removing 29,000 mailboxes doesn't impact pensioners?

no it doesnt.....why would it?....

 

[Independent thinker]

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.

The postal service has become one of the biggest scams and frauds in this country. We have a huge organization whose main purpose is to deliver the junk mail that no one wants and the government just charges it all off to the national debt.

 

[Harry Dresden]

They are needed, people relied upon them, I guess you didn't watch the report, I guess you don't care about your own country.

It wasn't prior to 1970, you changed it once, change it back again. Just nationalize it and be done.

The boxes are needed, that's what that little youtube news report is about, why do you care more about giving Israel billions than you care about maintainin your own country? Which Americans materially benefit from the billions spent doing the dirty work the Israelis can't do for themselves?

Why not move to Israel? clearly you care more about its needs than your own country. Screw the old retired veteran who used to walk down the high street and post mail to his grand children on the way for his breakfast, yes screw him, instead let's send truckloads of American tax dollars to a bunch of stone age cavemen so they can murder and slaughter and destroy everything in sight.

boxes are removed if they are constantly vandalized,which many are,and many are not being used,they get removed too...

 

[1srelluc]

you have no idea of the problems that would cause...

OK....Please to explain.

 

[Harry Dresden]

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.

the PO delivers many of their packages the so called last mile...

 

[Harry Dresden]

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

no small post office can be closed solely for operating at a deficit.....not true when i was working many small ones were shut down....

 

[Harry Dresden]

Cheeto's Guy did that?

Louis DeJoy - Wikipedia

en.wikipedia.org

deloy didnt do anything that other PMG's tried to do...basically cut OT....

 

[Harry Dresden]

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.

the post office doesnt take tax dollars...and what you are talking about i have never seen that...

 

[1srelluc]

the PO delivers many of their packages the so called last mile...

I read were Amazon is rethinking their contract (I think it's like 6 billion) with the USPS. My PO is no longer delivering Amazon packages. Amazon has it's own delivery trucks tooling about town now.

 

[Harry Dresden]

The postal service has become one of the biggest scams and frauds in this country. We have a huge organization whose main purpose is to deliver the junk mail that no one wants and the government just charges it all off to the national debt.

they deliver many things that people want....if you seen how much first class mail some firms receive daily you might have a different attitude...

 

[Harry Dresden]

OK....Please to explain.

by doing what you want the OT would be pretty high....mail is always moving forward and it stops at the carriers case....if they can only deliver 3 days a week there would be a lot of mail to deliver...1st class is mandated by federal law to keep moving and most junk mail is dated when they want it delivered........and when Christmas gets here along with election mail?....bottom line your plan wont work....

 

[Harry Dresden]

I read were Amazon is rethinking their contract (I think it's like 6 billion) with the USPS. My PO is no longer delivering Amazon packages. Amazon has it's own delivery trucks tooling about town now.

were i live we have a neighborhood on line communication were we can tell everyone whats happening....misdeliveries by Amazon is a big deal here....i had my neighbors packages 3 dam days in a row...

 

[1srelluc]

by doing what you want the OT would be pretty high....mail is always moving forward and it stops at the carriers case....if they can only deliver 3 days a week there would be a lot of mail to deliver...1st class is mandated by federal law to keep moving and most junk mail is dated when they want it delivered........and when Christmas gets here along with election mail?....bottom line your plan wont work....

It just points out how inflexible the USPS really is, likely due to it's union.

 

[JonKoch]

no small post office can be closed solely for operating at a deficit.....not true when i was working many small ones were shut down....

Reading comprehension issues?

no small post office can be closed solely for operating at a deficit

 

[Harry Dresden]

It just points out how inflexible the USPS really is, likely due to it's union.

has nothing to do with the union its all about federal laws and congress sticking their noses in its operation.......the union does not run the PO....

 

[Harry Dresden]

Reading comprehension issues?

no small post office can be closed solely for operating at a deficit

and im telling you thats bullshit...in the years i worked there many small ones were closed and that office would be combined with another office nearby....i was in such a unit....we were combined with another zip....

 

[JonKoch]

deloy didnt do anything that other PMG's tried to do...basically cut OT....

Changes made by Postmaster General DeJoy before 2020 election harmed US Postal Service, judge rules​

In mid-2020, the USPS cut back on the number of mail sorting machines it used, and also hindered the ability of workers to make extra postal trips that would result in them being paid for overtime. The changes – which Democratic politicians heavily criticized at the time because they dovetailed with then-President Donald Trump’s vocal opposition to mail-in balloting during the election – hurt on-time mail delivery.



DeJoy had made the changes without consulting the regulatory agency that oversees the post office first, Judge Emmet Sullivan wrote in his 65-page opinion Thursday.



“The evidence demonstrates that [the states and localities] suffered harm by impeding their ability to combat the spread COVID-19, impeding their ability to provide safe alternatives to in-person voting,” and by imposing costs and administrative burdens on state and local governments, Sullivan found.

https://www.cnn.com/2022/10/06/politics/louis-dejoy-post-office#:~:text=Changes%20made%20by%20Postmaster%20General%20DeJoy%20before%202020%20election%20harmed,them%20being%20paid%20for%20overtime.

Key Ethical Concerns and Conflicts of Interest

• XPO Logistics Ties: DeJoy was a former executive and major shareholder of XPO Logistics, a logistics firm that does business with the USPS. Documents show USPS paid XPO over $286 million since 2013, with contracts continuing after his appointment.

• Failed Immediate Divestment: Upon taking the role, DeJoy did not immediately sell his stake in XPO Logistics. He held at least $30 million in XPO stock, which continued to secure business with the agency

 

[JonKoch]

and im telling you thats bullshit...in the years i worked there many small ones were closed and that office would be combined with another office nearby....i was in such a unit....we were combined with another zip....

no small post office can be closed solely for operating at a deficit


solely , solely , solely