KOHN-The U.S. Postal Service has asked members of Congress, including Hawaii Senators Dan Inouye and Dan Akaka, to enact legislation to return the organization to financial stability.
In a letter signed jointly by Board of Governors Chairman Louis Giuliano and Postmaster General Patrick Donahoe, USPS urged Inouye and Akaka to support action to:
Eliminate current mandates requiring $5.5 billion annual retiree health benefit pre-payments;
Allow the Postal Service to access Civil Service Retirement System and Federal Employee Retiree System (FERS) surpluses; and
Give the Postal Service the authority to determine the frequency of mail delivery.
USPS is in "a dire financial predicament" according to Giuliano and Donahoe, despite ongoing aggressive cost-reduction initiatives. Over the last four fiscal years, the Postal Service has reduced its size by 110,000 career positions and saved $12 billion in costs. Read more!
In a letter signed jointly by Board of Governors Chairman Louis Giuliano and Postmaster General Patrick Donahoe, USPS urged Inouye and Akaka to support action to:
Eliminate current mandates requiring $5.5 billion annual retiree health benefit pre-payments;
Allow the Postal Service to access Civil Service Retirement System and Federal Employee Retiree System (FERS) surpluses; and
Give the Postal Service the authority to determine the frequency of mail delivery.
USPS is in "a dire financial predicament" according to Giuliano and Donahoe, despite ongoing aggressive cost-reduction initiatives. Over the last four fiscal years, the Postal Service has reduced its size by 110,000 career positions and saved $12 billion in costs. Read more!
