Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- Government Perspectives on Mobility and the Cloud
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mitigating Insider Threats in Virtual & Cloud Environments
- Modern Mission Critical Series
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Reimagining the Next Generation of Government
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Is there a solution in sight for the Postal Service's debt woes?
Tuesday - 8/24/2010, 10:08am EDT
The postal service continues to pay more than its fair share of retieree health payments," and there's no present legislation to resolve that surplus.
The surplus was the result of the difference between the actual payouts and the overall liability that is estimated for the entire federal government, Nelson explained.
The agency is dealing with a two-pronged problem: the first is to mitigate the debt that it has despite accruing such a surplus, and the second is to change policy to stop future overfunding.
The postal service OIG's recommendation, Nelson said is for USPS to work with Congress to rectify the current surplus until it is spent, and to coordinate with OPM to change future practice.
"We've issued four reports in the past, and we are going to issue a summary report identifying overfunding issues in employees and retirees benefits funds," Nelson said. So there will be numbers as to what to expect for the 2011 fiscal year.