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Showing blog posts tagged with Sally Davidow

Postal Service Sets Productivity Records, Still Faces Deficit Because of Congressional Requirement

Photo courtesy Wisconsin AFL-CIO

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.

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