Retirement fund adds to USPS' financial woes

North America

Friday, December 28, 2012

The Government Accountability Office has undertaken a review of the U.S. Postal Service's retirement-funding responsibilities after the organization and employees argued the requirement that the USPS pre-pay into its retirement fund was the main reason the service was facing financial ruin. The report found even though the retirement payments are placing a huge burden on the Postal Service, it should stay the course and keep paying into the retirement accounts. Altern...

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