Postal News Blog--The Postal Service's financial report for the first quarter of Fiscal Year 2014 shows the agency enjoyed an operating surplus of $765 million. But the agency's good news was buried in most media accounts, which said the USPS suffered a loss of $354 million loss.
"The USPS reported losses for the first quarter of 2014 for one reason - the congressional mandate that requires the Postal Service to pre-fund healthcare benefits for future retirees." said APWU President Mark Dimondstein. No other government agency or private company faces such a requirement. Read more!
"The USPS reported losses for the first quarter of 2014 for one reason - the congressional mandate that requires the Postal Service to pre-fund healthcare benefits for future retirees." said APWU President Mark Dimondstein. No other government agency or private company faces such a requirement. Read more!
