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The Postal Service Reform Act of 2022 is a federal statute intended to address "the finances and operations of the U.S. Postal Service (USPS)", [1] specifically to lift budget requirements imposed on the Service by the Postal Accountability and Enhancement Act [2] and require it to continue six day a week delivery of mail. [3] The act was first ...
The bill restructures the Postal Service's balance sheet by eliminating a requirement that the agency pre-fund retirees' health care and benefits. That mandate has contributed to 14 years of red ...
PAEA was the first major overhaul of the United States Postal Service (USPS) since 1970. It reorganized the Postal Rate Commission , compelled the USPS to pay in advance for the health and retirement benefits of all of its employees for at least 50 years, [4] and stipulated that the price of postage could not increase faster than the rate of ...
National Change of Address (NCOALink) "is a secure dataset of approximately 160 million permanent change-of-address (COA) records consisting of the names and addresses of individuals, families and businesses who have filed a change-of-address with the USPS". [1] It is maintained by the United States Postal Service and access to it is licensed ...
The 2020 United States Postal Service crisis was a series of events that caused backlogs and delays in the delivery of mail by the United States Postal Service (USPS). The crisis stems primarily from changes implemented by Postmaster General Louis DeJoy shortly after taking office in June 2020. [1] [2] [3] The delays have had substantial legal ...
The Internal Revenue Service announced record-high maximum annual contributions to 401 (k) and similar retirement accounts for 2023. Workers who have a 401 (k), 403 (b), most 457 plans, and the ...
The board oversees the activities of the Postal Service, while the postmaster general actively manages its day-to-day operations. The board directs "the exercise of the power" of the Postal Service, controls its expenditures, and reviews its practices and policies. It consists of 11 members; 6 are requisite to achieve an ordinary quorum.
The Civil Service Retirement System ( CSRS) is a public pension fund organized in 1920 that has provided retirement, disability, and survivor benefits for most civilian employees in the United States federal government. Upon the creation of a new Federal Employees Retirement System (FERS) in 1987, those newly hired after that date cannot ...