PRC Affirms USPS Overpaid $50 Billion to Retirement Fund
The Postal Regulatory Commission (PRC) released an independent actuarial report on June 30 which confirms that the Postal Service was overcharged $50-$55 billion for payments to the Civil Service Retirement System (CSRS) between 1972 and 2009.
Sen. Coburn Tries to Pull a Fast One
Conservative Sen. Tom Coburn (R-OK) tried to pull a fast one at a joint hearing sponsored by Senate and House postal subcommittees on Wednesday.
Burrus to Testify On Future of Postal Service
APWU President William Burrus will testify at a congressional hearing titled, “Having Their Say: Customer and Employee Views on the Future of the U.S. Postal Service,” on Wednesday, June 23 at 2:30 p.m.
Rank & File Bargaining Panel Meets
“This will not be a giveback contract,” APWU President Burrus told members of the union’s Rank and File Bargaining Advisory Committee at their first meeting on June 16. “Negotiations may be difficult,” he said, “but it is our job to find a way...