The Postal Service inspector general says the agency overpaid $75 billion into the Civil Service Retirement System from 1972 to 2009. Michael Thompson, Director of Capital Investments for the Postal Service Office of Inspector General, explains.
In a letter to the Office of Personnel Management, the head of the government’s watchdog committee said the U.S. Postal Service’s decision to halt contributions to employees’ retirement fund sets a ”dangerous precedent” for other cash-strapped agencies.
Host Mike Causey will discuss the big issues facing feds with Federal News Radio’s Francis Rose, Federal Times editor Steve Watkins and senior reporter Sean Reilly. October 19, 2011
John Hegarty, national president of the National Postal Mail Handlers Union, talks about the Postal Service’s early retirement offer.
Postmaster General Patrick Donahoe said the service can no longer afford to delivery first class mail six-days a week. He said cutting back by one day a week would save about $2 billion a year. USPS still would have a $14 billion deficit and needs help from Congress to address other fiscal challenges.
Many electronic devices contain hazardous materials that can cause environmental damage when sent to landfills. The Postal Service’s BlueEarth Recycling Program makes it convenient and safe for agencies to dispose of electronic waste.
The Postal Service’s financial problems are the subject of several bills on Capitol Hill to give them more flexibility for making benefits payments, changing their benefits structures, changing their business model and obligations and other options. Sen. Tom Carper (D-Del.), chairman of the Senate Homeland Security and Governmental Affairs Committee, talked to In Depth with Francis Rose at his office on Capitol Hill yesterday about the problems the Postal Service is facing. In our Congressional Spotlight, Francis Rose asked him what he thinks the Postal Service’s business operation looks like several years in the future.
Here’s a sobering thought: Will the federal worker of the future be a hybridized version of his or her counterpart in the U.S. Postal Service?
In accordance with an agreement with the American Postal Workers Union, the U.S. Postal Service will convert 9,000 jobs previously held by non-union employees into bargaining unit positions.
Embassy security, the Secret Service and the Postal Service are on the fix-it list for the new chairman of the House Oversight and Government Reform Committee Jason Chaffetz (R-Utah). His first move is reorganizing the subcommittees. Erik Wasson, Capitol Hill reporter for Bloomberg Government, joined Tom Temin on the Federal Drive to discuss the road ahead for Oversight and Government Reform in the 114th Congress.