on Jan 2nd, 2012 in OIG | 5 comments
It’s been a year of major changes in the postal world. Looking over the headlines, the staff at the Office of Inspector General has pulled together the list below of the top 10 postal stories for 2011. Take a moment, read them over, and vote for your top story of the year. If you think we missed one, let us know! 10.Another Year, Another Loss – Even with a deferral of the retiree health payment, the Postal Service loses $5.1 billion in 2011, although $3.7 billion is changes to workers’ compensation expenses. 9.To Exigent or Not to Exigent – After federal appeals court remands the exigency case back to the Postal Regulatory Commission (PRC), the Postal Service is still undecided on whether it will pursue higher than CPI rates. 8.Pension Funding in the Black – OPM projects a $13.1 billion surplus in the Postal Service’s FERS and CSRS pension accounts for 2011. 7.DVDs by Mail Not Dead Yet – Netflix is forced to backpedal after customers rail against the company’s plan to unbundle DVDs by mail. 6.GAO Just Says No Overpayment – The Government Accountability Office (GAO) weighs in on the debate about the Postal Service’s $75 billion CSRS overpayment, stating there was no evidence of accounting errors and returning the funds is ultimately a policy choice that impacts the federal budget. 5.Digital Media to the Rescue – Ironically, blogs such as Dead Tree Edition, Courier, Express, and Postal Observer, and Save the Post Office are driving the debate in the area of hard copy postal issues. 4.Is Overnight Over? – The Postal Service proposes changing delivery service standards, including eliminating overnight delivery for First-Class Mail, to capture savings from network consolidation. 3.Plethora of Bills, Paucity of Law – An unprecedented interest in postal reform yields an abundance of legislative proposals, yet still no new law. 2.Cut, Cut, Cut – The Postal Service announces a provocative plan to break labor contracts, withdraw from federal health and retirement plans, and seek workforce reductions of 220,000 through layoffs and attrition. 1.Something’s Got to Give Round 1 – The Postal Service’s aggressive plans to close about 250 processing plants and more than 3,600 post offices hits strong opposition leading to a temporary moratorium on closings until May 15, 2012. This blog is hosted by the OIG’s Risk Analysis Research Center.