When in Rome, or Dublin or Bonn…

Talk of postal finances inevitably turns to the U.S. Postal Service’s retiree pension assets and obligations. With nearly $279 billion in assets, yet $41 billion below their estimated liabilities, the pension plans are a huge part of the USPS portfolio.

Our office has looked at ways to address the Postal Service’s long-term pension and health liabilities, focusing recently on ways to invest assets so they yield higher returns while minimizing risk.

 
Bogus email art

Beware of Spam Scam

In today’s world of package tracking and interconnectivity, an email from the U.S. Postal Service or even our Inspector General regarding mail delivery might seem legitimate.

That’s what the scammers want you to think. Unfortunately, some postal customers are getting bogus emails purporting to be from the Postal Service about an attempted or intercepted package delivery or online postage charges. These emails contain a link or attachment that, when opened, installs a malicious virus that can steal personal information from your personal computer.

 

Spotlight on Safety

Safety first. This mantra of parents everywhere is also a cornerstone of U.S. Postal Service internal policies and federal regulations on facility maintenance to provide a safe and healthy workplace for its employees.

Our latest audit reviewed whether management adhered to building safety, maintenance, and security standards at mail processing facilities. We found concerns, ranging from minor oversight infractions to more serious issues.

 

Stamp Out Hunger

Now in its 27th year, the National Association of Letter Carriers’ annual food drive, Stamp Out Hunger, will take place this Saturday, May 11. Letter carriers will pick up canned goods and other non-perishable food left by customers in marked bags as part of this national effort to alleviate hunger for millions of affected Americans.

 

Tackling Delivery Delays

More packages and fewer letters to more addresses each year. That’s the daily drill for U.S. Postal Service city carriers and city carrier assistants (CCA), the non-career carriers who make up a growing segment of the workforce.

As we’ve noted in past blogs, customers are feeling negative effects of this changing mail mix. Complaints of late delivery or missed deliveries have increased in some areas.

 

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Recent Poll

Do you think USPS should invest in Treasury Inflation-Protected Securities?

Yes
54% (54 votes)
No
46% (46 votes)
Total votes: 100

Recent Comments

  • 6 hours 41 min ago
    I have a package that has been at ISC New York for 8 days now, whereas a package shipped from the same place, on the same day, with similar contents was delivered on Monday. How long does it take for...
  • 7 hours 42 min ago
    Our post office lobby is disgusting. Over flowing bucket for throw away mail is on lobby floor. A patron even put the bucket in front of the door where employee could not miss it but it was thrown...

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