Direct Line Blog

Letter carrier union leader urges Congress to take on USPS retiree funds

Share this article:

The president of the National Association of Letter Carriers has urged Congress to take up a long-term fix for the US Postal Service's retiree funding issues.

Earlier this fall, Congress passed, and President Barack Obama signed, legislation that allowed the USPS to delay $4 billion in payments to a retirees' healthcare fund. The agency had been charged with spending $5.4 billion on payments to the fund this year. Earlier this month, the agency disclosed a net loss of $3.8 billion for its 2009 fiscal year.

“We appreciate the short-term relief provided by HR 22, but Congress must order the Office of Personnel Management to review the pre-funding provisions of the law to both more accurately measure the true cost of future benefits, which it now grossly exaggerated, and provide for a more reasonable and sustainable scheduling for pre-funding,” said Fred Rolando, president of the NALC, in a bulletin to members.

Share this article:

Sign up to our newsletters

Latest Jobs:


Company of the week


Concerned about growth? With over 25 years experience in the industry, the list experts at Fairfield Marketing Group possess the know-how to help immediately improve any domestic or international direct marketing effort. First-time and well-established mailers can rely on Fairfield Marketing Group's expertise to help launch campaigns into positive and profitable ventures.

Find out more here »

More in Direct Line Blog

In a World of Technological Novelty, Execution Prevails

In a World of Technological Novelty, Execution Prevails

A successful business and marketing strategy needn't rely on unique ideas so much as exceptional execution of any idea, a marketing expert says.

Is 5-Day Delivery USPS's Way of Saying It's Giving Up on Mail?

Is 5-Day Delivery USPS's Way of Saying It's ...

The head of the PRC and a noted union leader think so. They wonder why such an exclusive business isn't 24/7 instead.

Président Replaces Cheesy TV Spots with Digital

Président Replaces Cheesy TV Spots with Digital

Marketing + Cheese: What more could you want?