Amazon delivery tweaks among USPS’ peak season preparations

The U.S. Postal Service will change how it handles Amazon packages during the upcoming holidays to prevent overload at its processing hubs, Deputy Postmaster General Douglas Tulino said during the agency’s board of governors meeting Thursday. To improve efficiency, Postal Service operations at the ZIP code level will handle Amazon deliveries independently during peak, rather … Read more

US Postal Service Warns It Must Continue Cost Cuts or Risk Bailout

WASHINGTON (Reuters) -The U.S. Postal Service said on Thursday it must continue to cut costs and boost revenue or risks requiring a government bailout to help the organization avoid financial collapse. USPS reported on Thursday a net loss of $9.5 billion for its fiscal year ending Sept. 30, a $3-billion bigger loss than last year, … Read more

U.S. Postal Service Recommends New Competitive Prices for 2025

Postal Service continues to offer a great value for shipping with our reliable service to the American people. Pricing actions part of balanced approach under “Delivering for America,” the Postal Service’s 10-year plan for achieving financial sustainability and service excellence. Rate changes will support the $40 billion of investments in people, technology, and infrastructure and … Read more

U.S. Senator Josh Hawley Urges USPS Nominees to Protect Rural Mail Delivery

November 15, 2024 – On Thursday in a Senate Homeland Security and Governmental Affairs Committee (HSGAC) nominations hearing for the United States Postal Service (USPS) Board of Governors, U.S. Senator Josh Hawley (R-Mo.) questioned Val Demings, William Zollars, and Gordon Hartogensis on their commitment to combatting rural mail delivery issues. Senator Hawley confronted the nominees about the Postal … Read more

Here’s a sneak peek at next year’s stamps

The Postal Service has announced many of the stamps it will release in 2025: • Allen Toussaint, the 48th entry in the Black Heritage series will honor the virtuoso pianist, singer, songwriter, composer, arranger and producer; • American Vistas, two presorted standard stamps depicting stylized, minimalist scenes of mountains and a beach for use on business mail; … Read more

U.S. Postal Service Reports Fiscal Year 2024 Results

Reduced controllable loss by $434 million Operating revenue increase of $1.4 billion to $79.5 billion due to strategic price increases and continued growth in our Shipping and Packages category Transportation expense reductions of $1.3 billion, reflecting continued progress of network optimization Release of Delivering for America 2.0 – Fulfilling the Promise highlighting our key achievements over the past three … Read more

2025 TSP Contribution Limits

The Internal Revenue Service (IRS) has announced the contribution limits for 2025: Limit Name 2025 Limit 2024 Limit Elective Deferral Limit (IRC § 402(g)) $23,500 $23,000 Catch-up Contribution Limit (participants ages 50-59, and age 64 and over) (IRC § 414(v)) $7,500 $7,500 Catch-up Contribution Limit (participants ages 60, 61, 62, 63) (IRC § 414(v)) $11,250 … Read more

UPDATE: H.R. 82, The Social Security Fairness Act Passes House

UPDATE: On Tuesday, November 12, the House passed the Social Security Fairness Act (H.R. 82), legislation that would repeal the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), under a suspension of the rules by a 327-75 final vote (suspension of the rules requires a 2/3 majority vote) .  Thank you to our … Read more