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 ...

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 ...

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 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 ...

We have gathered the top links and information to make everything easy to find on the new PSHB plan ...

To help Postal Service employees compare health plans during this year’s open season, the organization offers access to Checkbook’s Guide to Health Plans for Federal Employees. The online guide has information about all plans available through the new Postal Service Health Benefits Program. Employees can use the comparison tool to find ...

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 ...

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, ...

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) ...

The Postal Service wants employees to know about some important changes concerning the open season benefits enrollment period that began this week. Here’s a rundown: • The new flexible spending account (FSA) program will be administered by Inspira Financial and will include health care, dependent care and limited-purpose flexible spending ...

In this new video, President Don Maston provides an update on collective bargaining between the NRLCA and USPS ...

H.R. 82, the Social Security Fairness Act, is scheduled for a vote THIS evening, November 12. Contact your representative ASAP and ask them to vote "Yes" on H.R. 82.  After an attempt to derail H.R. 82 while Congress was in recess, an agreement has been reached that will allow H.R. 82 ...

Open season, the once-a-year opportunity for Postal Service employees to make changes to their health coverage or choose a new plan, begins Monday, Nov. 11, and concludes Monday, Dec. 9. This year’s options will include the Postal Service Health Benefits Program (PSHB), a new, separate program within the Federal Employees ...

Friday morning, current and former employees of the United States Postal Service celebrated Vance for 50 years of service to the community as a substitute mail carrier. Vance, 77, has been a fixture in the community for half a century while working alongside a pleasant crew who he says never ...

Rural Carrier Pam Lavalley was delivering mail in Gilbertsville, KY, recently when she saw an older woman lying on the ground outside. The customer had been trying to walk to an outdoor freezer to get a roast to make for supper, but lost her footing. She fell onto the concrete ...

Mail carrier Connie Durbin was recognized Friday with the Postmaster General Hero Award. In July, Durbin was on her route in Lincoln County when she heard someone calling for help. She later discovered Kevin Stamper in a ditch with his riding lawnmower on top of him. Stamper said no one ...

USPS employees may participate in upcoming webinars to learn more about health, dental and vision plan options within the new Postal Service Health Benefits Program. The program — also known as PSHB — is a new, separate program within the Federal Employees Health Benefits Program and will be administered by ...