From 2007 to 2020 there was $87 billion dollars worth of losses and $188 billion in unfunded liabilities, such as future pensions and health benefits.
Regardless of your thoughts, the reality is the postal service has been in financial trouble for a while.
That has led to questions about whether the postal service can keep delivering at its current levels.On Tuesday, Congress officially passed The Postal Service Reform Act. The final Senate vote was 79-19. The House passed the same version earlier this year.Bill now heads to President Biden‘s desk for his signature
It requires mail carriers to enroll in Medicare when they become eligible. Currently, they receive costly health plans when they retire. The bill also requires that deliveries keep running on a 6-day a week schedule after the possibility of cuts emerged.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Congress Passes Bill to Shore Up Postal Service, DeliveryCongress has passed legislation that would shore up the U.S. Postal Service
Weiterlesen »
Congress passes bill to shore up Postal Service, deliveryCongress passed legislation that would shore up the U.S. Postal Service and ensure six-day-a-week mail delivery, sending the bill to President Joe Biden to sign into law.
Weiterlesen »
Senate passes bipartisan Postal Service Reform ActThe Senate voted Tuesday in favor of bipartisan legislation to overhaul the U.S. Postal Service's finances, ensuring a six-day-a-week delivery while providing the agency with more opportunities to expand business to avoid a government bailout.
Weiterlesen »
Congress passes bill to shore up Postal Service, deliveryThe long-fought postal overhaul has been years in the making and comes amid widespread complaints about mail service slowdowns. Many Americans became dependent on the Postal Service during the COVID-19 crisis, but officials have repeatedly warned that without congressional action it would run out of cash by 2024.
Weiterlesen »
Congress passes Postal Service overhaulCongress passes legislation that would shore up the U.S. Postal Service and ensure six-day-a-week mail delivery, sending the bill to President Joe Biden to sign into law.
Weiterlesen »
Congress Passes Bill To Shore Up Postal Service, DeliveryThe long-fought postal overhaul has been years in the making and comes amid widespread complaints about mail service slowdowns.
Weiterlesen »