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Washington Examiner

USPS suspends payments to pensions in cost-savings reform effort

USPS suspends payments to pensions in cost-savings reform effort
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The United States Postal Service announced on Thursday that it will halt contributions to its employees’ retirement pension plan as the agency works to conserve cash and manage its dwindling finances. Postal Service Chief Financial Officer Luke Grossmann said the agency will suspend payments to the Federal Employees Retirement System, the pension plan that 99% […]

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