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2:20 am, August 22, 2014

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USPS shrinks workforce, changes pension

Patrick Donahoe became the 73rd Postmaster General Friday, assuming control of the Postal Service in the midst of a fiscal crisis. Donahoe said USPS will reduce its workforce by another 7,500 people in 2011. Still, he's optimistic about the future. In the short term, however, the reality is that postal workers are likely to suffer while the agency tries to balance its books.

Tags: pay and benefits , management , pay freeze , USPS , retirement , FERS , CSRS , Patrick Donahoe , Tom Carper , Meg Beasley

Monday - 01/17/2011, 07:03am EST
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Carper bill allows USPS to recoup billions

A bill by Sen. Thomas Carper (D-Del.) aims to save the Postal Service from mounting debt with the POST Act.

Tags: USPS , Tom Carper , Congress , Senate , retirement , pay and benefits , management

Friday - 09/24/2010, 12:10pm EDT