Possibly no USPS rate increase until '06.A recent discovery that the U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. (www.usps.gav) has been paying too much into its employee retirement fund has left postal Postal can refer to:
The U.S. Office of Personnel Management's new financial analysis reveals that USPS is looking to stockpile stock·pile n. A supply stored for future use, usually carefully accrued and maintained. tr.v. stock·piled, stock·pil·ing, stock·piles To accumulate and maintain a supply of for future use. a balance of $243.6 billion in the Civil Service Retirement System fund--far more than the $172.6 billion that actuaries say the agency needs to cover the cost of future employee retirements. The CSRS CSRS Civil Service Retirement System CSRS COE (Common Operating Environment) Software Repository System CSRS Cooperative State Research Service CSRS Cervical Spine Research Society CSRS Collaborative Software Review System fund, which covers employees who joined the agency before 1983, has a current balance of $151.1 billion. Legislation, however, is still needed to change USPS's payment schedule into the employee retirement fund. |
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