(U.S. SENATE) – In 1977, when 20-year-old Jon Tester was about to take over his family’s farm outside Big Sandy, Montana, the federal government took 61 days to process federal workers’ retirement papers by hand. Thirty-seven years later, Tester is now the senior U.S. Senator for Montana, but the federal government – despite the nation’s […]
@RepCummings @GerryConnolly @RepLynch Request @usgao Study To Further Enhance Effectiveness of Fed Workforce Washington, D.C. (Mar. 27, 2014)—Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, Rep. Stephen Lynch, Ranking Member of the Subcommittee on Federal Workforce, U.S. Postal Service, and the Census, and Rep. Gerald E. Connolly, […]
GAO: Action Needed to Address Unfunded Benefit Liabilities USPS continues to be in a serious financial crisis, with insufficient revenue to cover its expenses and financial obligations as the volume of USPS’s most profitable product, First-Class Mail, continues to decline. At the end of fiscal year 2013, USPS had about $100 billion in unfunded liabilities: […]
PITTSBURGH (AP) — A retired Pittsburgh-area postal clerk is suing the U.S. Office of Personnel Management for a copy of his own work records as part of a fight over whether he’s been paid too much in pension benefits and owes the government a refund. The retiree, 57-year-old Daniel Sagi, of Shaler Township, doesn’t say […]
The Office of Personnel Management wants to expand the opportunities for eligible federal employees and their families to change their enrollment in the Federal Employee Dental and Vision Insurance Program (FEDVIP). OPM proposed making these changes to bring FEDVIP inline with the Federal Employees Health Benefits Program (FEHBP). “OPM is proposing to expand enrollment opportunities […]
The bipartisan budget agreement, approved by the House of Representatives on Thursday and expected to be considered by the Senate this coming week, will affect postal employees in at least four ways. First, it will require new (and only new) federal and postal employees to contribute more toward their retirement benefits. Current employees will not […]
Latest PMG video focuses on healthcare and legislation In his latest State of the Business video, PMG Pat Donahoe discusses healthcare and reports on two recent Senate hearings regarding the future of the Postal Service. Donahoe begins the video by declaring that USPS will resolve its healthcare issues by making sure employees and retirees receive […]
OIG Report: Using U.S. Postal Service-Specific Assumptions for Calculating the Civil Service Retirement System Liability This report presents the results of our self-initiated review of Using U.S. Postal Service-Specific Assumptions for Calculating the Civil Service Retirement System (CSRS) Liability (Project Number 13BG015FT001). Our objective was to review the assumptions used for the Postal Service’s CSRS […]
OIG Report: Using U.S. Postal Service-Specific Assumptions for Calculating the Federal Employees Retirement System Liability This report presents the results of our self-initiated review of Using U.S. Postal Service-Specific Assumptions for Calculating the Federal Employees Retirement System (FERS) Liability (Project Number 13BG015FT000). Our objective was to review the assumptions used for the Postal Service’s FERS […]
C-SPAN: Health care funding the focus of September 26, 2013 hearing on Postal Reform.