Postal Service Sets Productivity Records, Still Faces Deficit Because of Congressional Requirement
A new annual report from the U.S. Postal Service (USPS) showed increased worker productivity and a declining operational deficit, despite a larger amount of money lost by the organization based on a unique congressional requirement that USPS prefund retirement benefits for decades into the future. No other agency or private company in the country faces such a requirement. Congress passed the provision in 2006 and could repeal it at any time, solving most of the deficit problems the service faces.
