Retirement liabilities continue to play a starring role in the short- and long-term financial health of the U.S. Postal Service.

The Postal Service provides pension and health insurance benefits to its retirees through the Civil Service Retirement System (CSRS) and Federal Employees Retirement System (FERS) pension programs. It also provides health benefits for retirees through the Postal Service Retiree Health Benefits Fund (RHB). But last September, the U.S. Office of Personnel Management, which administers the program, calculated that CSRS and FERS were only 85 percent funded, and the RHB only 39 percent.

Our recent audit report examined a number of options to address the funding shortfall. The infographic below illustrates the current state of the postal funds and options available to reduce the shortfall, especially the RHB.

 

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  • anon

    The FEHB Program generally gives comparable or superior benefits to Medicare Part D for drugs. As long as Congress continues to allow drug companies a monopoly with unconstrained costs in exchange for campaign contributions and massive lobbying, it will never be possible to contain RHB OR Medicare costs.... Typical new drugs yearly cost are almost half the average annual income in our state. Unfortunately, Political Parties are driven by money so this is unlikely to change short of outlawing party affiliation on voting forms or congressional term limits.

    May 07, 2020
  • anon

    Theres no carrier/COURIERs in my community. How can I become one?

    Mar 18, 2020

Recent Comments

  • 13 hours 14 min ago
    How can the Post Office get away with this nonsense "Animal Interference" when not delivering a package on promised day of delivery?Do they really think we will buy this dishonesty?
  • 14 hours 16 min ago
    The real problem with carriers constantly lying about delivery is that the customers have no recourse when they do not receive their package. You can't get your money back because tracking says...

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