Wednesday, June 22, 2011

USPS will stop paying into pension fund. Deductions to continue.

Bloomberg has the story here. "The U.S. Postal Service, facing insolvency unless it gets approval to delay a $5.5 billion payment for worker health benefits, will suspend contributions to an employee retirement account to save $800 million this year." Mr. Postman, don't go hating on my parcels.


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