Banking on the Postal Service?

Imagine an economic collapse in which millions of people lose half of their life savings and their trust in the country’s largest financial institutions is severely shaken. To help restore trust in the financial sector, the government creates a savings system operated by its postal administration. Sound unrealistic? Maybe so, until you remember that the U.S. Post Office Department offered a government-backed savings system to Americans for more than half the twentieth century.

 

The OIG Wants to Know How You Feel about Sick Leave

Career employees earn 4 hours of sick leave for a full pay period (80 hours), or at a rate of 5 percent. Some career employees are currently taking sick leave at approximately the same rate, liquidating their leave bank. The Postal Service’s sick leave absence rate (absenteeism) was 4.3 percent in 2008. This seems high compared to the 1.1 percent rate the Bureau of Labor Statistics reports for employees in the private sector and 1.7 percent rate for employees in the federal sector. So why was the Postal Service’s rate higher?

 

Pages

Recent Poll

How important is free shipping when deciding whether to place an online order?

Recent Comments

  • 8 hours 25 min ago
    I would be thrilled to have our old Post Office reopened. I live in a rural town that has never had rural mail carriers. We always went to the post office and got our mail from the box at the post...
  • 10 hours 33 min ago
    That's great for you but the USPS won't deliver to my address 3 blocks from the actual office in town. Residential neighborhood 25 mph. Nothing but a social function till 4pm quit time....

Monthly Archive