USPS Continues Cash Conservation Initiatives
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In addition, officer and executive compensation, as it relates to the Postal Service’s pay-for-performance program, will be frozen until further notice.
The USPS is asking Congress to enact legislation that would allegedly return the Postal Service to financial stability. These measures include eliminating the current mandates requiring retiree health benefit pre-payments; returning Civil Service Retirement System and FERS overpayments to the Postal Service; and giving the Postal Service authority to determine the frequency of mail delivery.
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