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.
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.
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.
Did you know that July 1 is National Postal Worker Day? In its honor, we’re going to run a blog series during the month of July that focuses on the value the Postal Service brings to the nation. We all know the Postal Service delivers mail to almost every address six days a week. And there is...
Read More
As the reporting period for our Spring Semiannual Report to Congress (SARC) came to a close, we found ourselves amid a global health crisis unprecedented for our times.
The infographic gives you an overview of our work from October 1, 2019 through March 31, 2020: For example, 66 audit...
Read More
With three agencies that have “U.S. Postal Service” in their names, and each one having different responsibilities and jurisdictions, it’s no wonder people sometimes aren’t sure where to turn for help with lost, delayed, or damaged mail.
With the Postal Service solely responsible for mail...
Read More
Exit processing refers to procedures followed when an employee separates from the Postal Service. Separations are personnel actions that result in taking the employee off the rolls of the Postal Service. Procedures vary depending on the employee (i.e., staff or contractor) and the reason for the...
Read More
The Postal Service operates over 1,400 elevators and escalators in approximately 470 of its owned facilities. These include passenger, service, and freight elevators of various types and sizes, as well as platform lifts and dumbwaiters. Each facility with elevator or escalator equipment is...
Read More