Tag Archives: retiree benefits

Postal Service Changing Overtime, Increasing Buyouts

The U.S. Postal Service will enter another round of buyouts and reduce the number of overtime hours as it prepares to eliminate Saturday first-class mail delivery, Federal News Radio reports. Jason Miller writes the agency has eliminated 306,000 jobs during the last 13 years and this shift in schedule will …

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Spending Bill Delays Postal Service Payment to Retiree Fund

The recently passed spending package, funding the government until September, has helped prevent the U.S. Postal Services from defaulting on its multi-billion retiree health care benefits. The Postal Service now has until August to pre-fund the retirement packages to its employees, according to the Washington Post. “We are pleased that …

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