April 04, 2005
USPS Board Votes For 5.4% Rate Hike
The Board of Governors of the U.S. Postal Service voted March 31 to file a request with the Postal Rate Commission to increase postage rates in 2006. The requested rate increase will generate funds to meet the $3.1 billion escrow requirement of the Postal Civil Service Retirement System Funding Reform Act of 2003. The filing, to be made before April 10, will increase almost all rates and fees by approximately 5.4 percent.