U.S. post suspends retirement payments to save cash

cheryl

I started this.
Staff member
U.S. post suspends retirement payments to save cash - Reuters

The U.S. Postal Service said it will suspend contributions to an employee retirement program as the mail agency seeks to avoid running out of cash.

The Postal Service -- which posted a $2.2 billion net loss in the second quarter and said it might be unable to pay its debts by September -- said on Wednesday that halting payments to the Federal Employees Retirement System would free up $800 million for the fiscal year.
 
Top