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7:26 pm, October 30, 2014

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Postmaster says Senate bill a good start to postal overhaul

Postmaster General Patrick Donahoe says a Senate bill aiming to overhaul the Postal Service's financial structure by providing the agency more flexibility to price its products is a good first step. Donahoe has been calling on Congress to approve comprehensive postal reform for much of the last two years. In that time, the cash-strapped agency has posted losses of $20 billion and defaulted on more than $11 billion in payments to prefund retiree health care costs. USPS is set to default on a $5.6 billion payment due Sept. 30 payment, Donahoe said.

Tags: USPS , postal reform , Senate , Senate Homeland Security and Governmental Affairs Committee , Patrick Donahoe , Tom Carper , Ruth Goldway , Tom Coburn , Clint Guffey , Jack Moore

Thursday - 09/19/2013, 06:00pm EDT

USPS agrees to buyout plan with postal workers union

The service will offer $15,000 incentive that would be paid out over two installments to retirement-eligible employees.

Tags: workforce , USPS , retirement , early out , buyouts , Jason Miller

Monday - 10/01/2012, 07:50pm EDT

USPS moves ahead with closings, staff reductions

The nearly bankrupt U.S. Postal Service is moving ahead with plans to close and consolidate 229 mail-processing facilities. Postmaster General Patrick Donahoe (pictured) said the postal service can no longer wait for Congress to decide how to cut postal costs, and the processing network had simply become too big and too costly. The consolidations are expected to reduce the USPS workforce size by 28,000 employees.

Tags: USPS , budget , Patrick Donahoe , Ruben Gomez , NPMHU ,

Thursday - 05/17/2012, 02:11pm EDT
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FEHBP open season

Host Mike Causey is joined by Walton Francis, author of "The Checkbook Guide to Health Plans," to talk about what's the best health plan for you and your family.
November 16, 2011

Tags: Your Turn , Mike Causey , Walton Francis , FEHBP , open season , Health Maintenance Organizations , NALC , SAMBA , Mail Handlers , GEHA , health care

Wednesday - 11/16/2011, 08:48pm EST
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Postal workers ratify contract with 3.5 percent raise

Members of the U.S. Postal Service's largest union voted Thursday to accept a new contract that includes a 3.5 percent raise and cost-of-living adjustments over four years.

Tags: USPS , Cliff Guffey , union contract , pay and benefits , pay raise , COLA , health contributions , Jolie Lee , Patrick Donahoe

Thursday - 05/12/2011, 12:45pm EDT