Obama Proposes Ending Saturday Mail Delivery and Refunding Prepaid Retirement Funds
Wednesday, February 15, 2012
In an attempt to help the ailing U.S. Postal Service (USPS), President Barack Obama has proposed two major proposals as part of his 2013 budget plan.
One: Allow the Postal Service to cut back on mail delivery from six days a week to five, starting next year. This most likely would mean ending Saturday mail delivery starting in 2013. In the past, advocates have argued that this would save at least $3 billion a year.
Second: Give USPS a $10.9 billion refund over two years on the monies it has set aside for future employee retirements. This plan would boost the agency’s operating budget, while representing a rejection of the 2006 Republican mandate that the Postal Service prefund its future health care benefit payments to retirees for the next 75 years. The administration does propose increasing employee contributions to retirement funds by 1.2% over a three-year period beginning in 2013.
This is not the first time that the Postal Service has tried to eliminate Saturday deliveries. Budget problems led to temporary suspension of Saturday service in some cities in May and June of 1947, and in 1957 Saturday service was stopped…once, because Americans were so outraged that President Dwight Eisenhower quickly increased funding so allow Saturday delivery to resume.
-David Wallechinsky, Noel Brinkerhoff
To Learn More:
Obama Budget Proposes 5-Day Delivery and Refunding USPS $11B In FERS Retirees Benefits Payments (PostalReporter News Blog)
Obama Renews Call To End Saturday Mail Delivery (by Emily Stephenson, Reuters)
Manufactured Crisis About to Cripple the Post Office (by Noel Brinkerhoff, AllGov)
Netflix, Postal Service’s Largest Corporate Client, Braces for End of Saturday Delivery (by Noel Brinkerhoff, AllGov)
The End of Saturday Mail Draws Closer (by Noel Brinkerhoff and David Wallechinsky, AllGov)
- Top Stories
- Unusual News
- Where is the Money Going?
- Controversies
- U.S. and the World
- Appointments and Resignations
- Latest News
- The 2024 Election By the Numbers
- Bashar al-Assad—The Fall of a Rabid AntiSemite
- Trump Announces He Will Switch Support from Russia to Ukraine
- Americans are Unhappy with the Direction of the Country…What’s New?
- Can Biden Murder Trump and Get Away With it?
Comments