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BumRushDaShow

(170,293 posts) Thu Apr 9, 2026, 04:46 PM Thursday

USPS to suspend pension contributions, seeks 4-cent stamp price hike [View all]

Source: AP

Updated 3:44 PM EDT, April 9, 2026

The U.S. Postal Service said Thursday it has informed federal budget officials it will temporarily suspend its employer contributions to Federal Employees Retirement System annuities, allowing it to keep making payroll, paying suppliers and delivering the mail.

The Postal Service also wants to increase postage rates, including raising the price of a First-Class Mail Forever stamp from 78 cents to 82 cents. USPS filed notice Friday with regulators, who still need to approve the changes.

The step taken by the Postal Board of Governors to forgo the pension payments is meant to preserve cash and liquidity due to the Postal Service’s “ongoing, severe financial crisis,” Postal Service Chief Financial Officer Luke Grossmann said in an internal message to USPS employees. Officials have warned the USPS is on course to run out of cash by around February 2027.

Despite the suspension of employer contributions, effective Friday, current and future retirees will not be immediately impacted, Grossman said.

Read more: https://apnews.com/article/mail-usps-pensions-financial-crisis-da601e2b88f3420898757dbdb09fa518

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USPS to suspend pension contributions, seeks 4-cent stamp price hike [View all] BumRushDaShow Thursday OP

$4.25 gasoline doesn't help . James48 Thursday #1

Especially since Trump Old Crank Thursday #15

The USPS is required to pre-fund employees retirement.. summer_in_TX Friday #17

That ended 4 years ago when the Postal Service Reform Act was passed MichMan Friday #30

Thanks for the info. I missed that. summer_in_TX Friday #37

It's being systematically destroyed in preparation for privatization or elimination. CousinIT Thursday #2

Explain how it was defunded when it doesn't get any taxpayer subsidies? MichMan Thursday #11

Government not paying for a constitutional requirement Old Crank Thursday #14

You are correct; going all the way back to 1970 MichMan Thursday #16

1970. quakerboy Friday #28

Enough with the nickel and diming every year TexasBushwhacker Thursday #3

more or less quakerboy Friday #29

I get 3 letters a week and have Amazon PKG deliver once a week. Jacson6 Thursday #4

"The Internet has replaced the mail delivery service for most correspondence. IMHO." BumRushDaShow Thursday #6

Interestingly, in our rural area, Starlink is the only satellite service we could get. Dixiegrrrl Thursday #9

Postal carriers would be part time and only work one day a week? MichMan Friday #23

STOP delivering mail on Saturdays and save billions Bengus81 Thursday #5

Or just fund the USPS properly, and get rid of the trump appointees running it into the ground quakerboy Friday #21

It was reckless for congress to stop funding it in 1970 MichMan Friday #24

When I was a child the stamps were four cents. twodogsbarking Thursday #7

All under the expert hand of DeJoy! He has financial interests in privatization of the USPS dontcha know! n/t PatrickforB Thursday #8

He left last year but the damage is done. BumRushDaShow Thursday #10

DeJoy resigned a year ago n/t MichMan Thursday #12

But the damage he did remains. I do stand corrected, but the USPS is still having DeJoy issues. n/t PatrickforB Thursday #13

It wasn't just him it was the Republican as a whole as they've been conspiring for decades to kill the USPS. cstanleytech Friday #20

Well before DeJoy was appointed, the requirement summer_in_TX Friday #18

Thankfully, they pre-fund bullshit was finally repealed BumRushDaShow Friday #25

Thanks. Don't know how I missed that. summer_in_TX Friday #38

That year, we were in the middle of a horrific pandemic BumRushDaShow Yesterday #39

Frankly I think a national gas and diesel tax specifically for funding the postal service only is needed. cstanleytech Friday #19

Time to stock up on Forever stamps again Maeve Friday #22

Surprised TPTB haven't decided structuring is involved. bucolic_frolic Friday #26

This message was self-deleted by its author Dyedinthewoolliberal Friday #27

Umm... OldBaldy1701E Friday #31

It may have been bad, but passed with overwhelming support by voice vote in the house & unanimous consent in the senate MichMan Friday #32

Congress has made other mistakes that they were all in on before. OldBaldy1701E Friday #33

"It is a shame that they don't see the need to fix this one." BumRushDaShow Friday #36

No offense, but if the 'damage was done', then the repeal did not 'fix' it. OldBaldy1701E Yesterday #40

Future Democratic Congresses and administrations can BumRushDaShow Yesterday #41

You're right, it wasn't just a GOP idea and now it's been repealed, and yet D. Spaulding Friday #35

I retired from USPS two years ago; I don't think there's anyway the USPS is D. Spaulding Friday #34