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USPS Pauses Pension Contributions Amid Looming Cash Shortfall

USPS Pauses Pension Contributions Amid Looming Cash Shortfall Authored by Bill Pan via The Epoch Times, The U.S. Postal Service (USPS) has temporarily suspended its employer contributions to a government-wide pension plan after warning Congress that, without changes, it could run out of cash within the next year. On Thursday, USPS told the Office of Personnel Management—the federal government’s human resource division—that it would pause its biweekly employer contributions to the Federal Employees Retirement System, or FERS. The move is expected to conserve about $2.5 billion through Sept. 30, the end of the...
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