The Postal Service is reeling from the decision by the Postal Rate Commission not to increase the price to mail a letter. USPS was hoping to use the rate hike to help close the $7 billion deficit it faces this year. The service continues to face reduced volume, more people using the Internet and legal barriers to changing key parts of its business mode.
The Postal Service will offer $20,000 early retirement incentives to administrative employees, who must make a decision on whether to leave USPS by late April. RIF notices will be issued on May 25 to any affected employees who do not voluntarily retire or move to a lower grade.
Dan G. Blair will serve as the next CEO and president for the National Academy of Public Administration
Postal regulators agreed with a Postal Service plan to cut the window hours at 13,000 post offices. Operating hours will be cut to six, four or even two hours per weekday at these locations.
Nomination as a fellow at the National Academy of Public Administration is a sign you’ve made a difference to federal management and good governance. One recent inductee is Robert Taub, the acting chairman of the Postal Regulatory Commission. After 30 years of experience in public service, he tells Federal News Radio’s Eric White on Federal Drive with Tom Temin what it means to be a NAPA fellow.
The U.S. Postal Service, having faced years of financial hardship, posted a $5.6 billion net loss for fiscal 2016, despite an increase in revenue this year.
USPS improved its numbers across the board in 2016, reaching record growth in certain categories, but still lost money due to retiree health benefits prefunding requirements and April’s exigent rollback, which cost USPS about $1 billion this year.
The U.S. Postal Service reported the latest in a series of financial setbacks on Thursday, but the agency may see some big changes coming this fall.