President Donald Trump has weighed in on the ongoing postal reform debate with a fiscal 2018 budget proposal that would save the U.S. Postal Service $47 billion over 10 years through cuts in retirement benefits and mail delivery costs.
The U.S. Postal Service’s independent regulatory body may raise the price of a postage stamp after it finishes reviewing the current rate-setting system later this fall.
While the ink on the deal hasn’t dried yet, more than 200,000 postal employees could see a series of pay raises down the road, now that one of the major postal unions has reached a provisional labor agreement with the U.S. Postal Service.
Among the hundreds of political executives that the Trump administration must nominate to fill out the ranks of federal agencies, the U.S. Postal Service is calling upon the White House to submit names for its management board.
The U.S. Postal Service is turning around its reputation — from the agency whose employees managed to coin the phrase “going postal,” to an organization that now quickly processes equal employment opportunity complaints. USPS is offering those services to other agencies.
Despite double-digit growth in its package delivery during last year’s holiday season, the U.S. Postal Service posted a $200 million net loss for the first quarter of fiscal 2017.
A long-awaited bill to reform the U.S. Postal Service’s troubled finances could have the momentum it needs to make it to President Donald Trump’s desk after four major postal unions voiced their support for the legislation at a House Oversight and Government Reform Committee hearing on Tuesday.
After years of pressuring from the Postal Service and a series of stalled bipartisan bills, the House Oversight and Government Reform Committee has made postal reform a top priority for this Congress.
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.
Like large corporations, the Postal Service by law has a board to govern and oversee its activities. At the moment it has zero confirmed members.
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.
The Office of Personnel Management says long-term care insurance members will see premiums rise by as much as 126 percent. Participants can start looking at their package options July 18.
Rep. Jason Chaffetz (R-Utah), says a bill is being drafted to address Postal Service reforms. The reforms include addressing the mandate to pre-fund health retiree benefits, as well as merging the USPS Board of Governors and the Postal Regulatory Commission.
Kristin Seaver steps in to the CIO and executive vice president roles after spending the last two-plus years working as the vice president of area operations for the Capital Metro Area.
Postmaster General Megan Brennan told the Senate Homeland Security and Governmental Affairs Committee, Congress needs to pass legislative reforms to her agency, now.