NALC, USPS supports health care funding proposal moving postal retirees to Medicare

Update: According to a NALC Representative there is no agreement between NALC and USPS However, according to an article in the September edition of the Postal Record –NALC does support moving retirees to Medicare Parts A and B: Although work remains to be done on key issues, such as adjusting postage rates and service standards,there […]

Obama administration’s 2015 Budget Policy recommendations for USPS updated 4-22-14

PostalReporter.com: In the Obama 2015 Budget policy posted a few months ago there was a recommendation regarding health premiums. The recommendation would permit health providers to charge higher premiums for enrollees who smoke. Developing….. From the National Association of Postal Supervisors: President Barack Obama administration’s 2015 Budget Policy recommendations for the U.S. Postal Service updated […]

Senators Carper and Coburn Issue Statements Regarding USPS Default on Payment for Future Retirees Healthcare Benefits

Chairman Carper, Ranking Member Coburn Statements on USPS Default on Payment for Future Retirees WASHINGTON – Today, Homeland Security and Governmental Affairs Committee Chairman Tom Carper (D-Del.) and Ranking Member Tom Coburn (R-Okla.) released the following statements regarding the Postal Service’s default on its payment to the U.S. Treasury to fund its future retiree health […]

USPS defaults on $5.6 billion for future health benefits

WASHINGTON (Reuters) – The U.S. Postal Service on Monday defaulted yet again on a prepayment for the healthcare of its future retirees as its finances remain in the red and legislative reform remains elusive. The agency has blamed the payments, more than $5 billion a year as mandated by Congress to prefund the Postal Service’s […]

OIG Report Says USPS Retiree Health Care Benefits Liability Is $2.3 Billion Higher

USPS OIG  Report: Using U.S. Postal Service-Specific Assumptions for Calculating the Retiree Health Care Liability This report presents the results of our self-initiated review of Using U.S. Postal Service-Specific Assumptions for Calculating the Retiree Health Care Liability (Project Number 13BG015FT002). Our objective was to review the assumptions used for the Postal Service’s retiree health care […]