Postal Service Issues Statement on Health Benfits Payment
The Postal Service’s decision not to make two payments to fund retiree health
benefits — due Aug. 1 and Sept. 30 — will have no impact on employee pay or
operations.
In a prepared statement, USPS said it will “continue to deliver the mail, pay our
employees and suppliers and meet our other financial obligations.”
The $5.5 billion payment due Aug. 1 and the $5.6 billion payment due Sept. 30 are
required by the Postal Accountability and Enhancement Act, which became law in
2006.
The statement also said that the Postal Service is moving ahead with
implementation of its strategic plan, adding “comprehensive postal legislation is
needed in order to return the Postal Service to long-term financial stability.” USPS
says it “remains hopeful” a new law will be enacted during the current Congress.
The information above was provided by the U. S. Postal Service on July 30, 2012;
Charlie Moser
July 30, 2012