Postal News Blog--The President's budget, released today, provides for $4 billion in relief for the US Postal Service in the current fiscal year. The relief is in the form of a relaxed schedule of retiree health benefits payments. In addition, the Treasury would reimburse the USPS for $6.9 billion in overcharges for FERS retirees. This reimbursement would not, however, be immediate, but would be spread over 30 years. While the budget also refers to the USPS's need for flexibility in adapting to declining volumes, it still includes the traditional language forbidding the elimination of Saturday delivery or the closure of rural post offices. Read more!
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