pension company contributions

Federal News Network: USPS suspends contributions to pension plan to delay running out of cash USPS suspends contributions to pension plan to delay running out of cash The Baltimore Sun: Postal service pauses pension contributions to ‘conserve cash,’ keep mail moving CBS News on MSN: USPS halts contributions to pension plan after warning of "cash crisis" Associated Press News: USPS is set to suspend pension contributions, seeks 4-cent stamp price hike USPS is set to suspend pension contributions, seeks 4-cent stamp price hike Yahoo: US Postal Service warns employees of "cash crisis", suspends pension contributions The U.S. Postal Service is suspending its contributions to the Federal Employees Retirement System, a pension plan for its workers and other civil servants, as the agency struggles with mounting ... In addition to stopping pension contributions, the agency has requested to raise the cost of First-Class Mail Forever stamps by four cents from 78 cents to 82 cents.

Understanding the Context

Postmaster General David Steiner ... WCIV: USPS pauses contributions to pensions to 'conserve cash' and keep mail moving USPS pauses contributions to pensions to 'conserve cash' and keep mail moving USPS is suspending pension contributions to preserve liquidity, and officials warn the agency could run out of cash within a year without major reforms.