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.
For many rural residents, mail is a lifeline, providing connections with government, commerce, and each other. The local post office offers a community a sense of identity as well as a retail hub that serves a central role, even as rural populations continue to decline. It’s not just an American...
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If you’re facing a decision – especially a big one – you want to have all the facts so you can make the best choice. It’s also true for organizations, including the U.S. Postal Service. But in one area, as our...
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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...
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The Postal Service considers mail to be delayed when it is not processed in time to meet the established delivery date. Delayed mail can adversely affect Postal Service customers and harm the organization’s brand.
The Postal Service uses contracted HCR supplier operated routes to transport mail and equipment between plants, post offices, or other designated points that receive or dispatch mail. In June 2016, the Postal Service implemented a GPS technology solution to manage their trailer fleet. The...
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