Posted on Dec 15, 2023
USPS Blames $2.6 Billion of Its FY2023 Loss on ‘Inflation Above What We Expected,’ ‘Historical’...
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Did the USPS ever in history break even? I've always heard they lose at least a billion dollars a year.
USPS Blames $2.6 Billion of Its FY2023 Loss on ‘Inflation Above What We Expected,’ ‘Historical’...
Posted from mrctv.orgPosted in these groups: 
USPS
USPS
Posted 6 mo ago
Responses: 3
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Their issue unlike anyone else us how they are require to fund their retirement plan/s
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CMSgt Marcus Falleaf
Got an in-law that retired from USPS. She makes more money retired that she made working. Multiple houses and always on another vacation.
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SPC Daniel Brown
CMSgt Marcus Falleaf - I retired in June 2023 and make far less than i did while i was working, she must have been a Postmaster or above. I am Happy for her. I believe Congress stopped that in which they had made it a law that the Postal Service pre-pay into its retirement plan 25 years ahead. The Big Problem with the Postal Service now is the Postmaster General. He gets a rate hike every 6 months thru the Board of Governers, but the Delivery of Services has slowed to the Old Preverbal Snail. He changed all delivery Standards from 1-3 day to 2-5 days for 1st class and Priority mail. Is he the Only Postmaster General that can't make the Standard that has stood for over 200 years. To prove this i have a package mailed 8-hour drive away from my house in Dallas, TX on the 17th and today is the 20th and tracking shows it still has 1-2 days before it's delivered. The Postmaster General put in a provision on having trucks not to drive over 6 hours. This Man needs to go, also took money from Congress to go all electric, Hybrids for the first delivery of vehicles would be better due to Insufficient power grids and Weather. My LLV postal vehicle was built in 1992.
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All of you keep believing that lie if you want to. Trust me I know what the truth is, which is those individuals did all they could to discredit me but God doesn't like ugly
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NO it's due to the Ineffectiveness of the Postmaster General. Also these number are Inflated they are not real. The business model of the Postal Service is Set a Target expected Income number and if the pick 40 Billion but they only actually make 35 Billion then they post it as a 5 Billion dollar loss.
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SGT (Join to see)
You do not understand the issue. The USPS Pension Plan by law is only allowed to invest in US Treasury Bonds. That requirement has led the PO to only have around 290 billion on hand to cover their pension liabilities which is not enough. If they were in a 60-40 Stock-bond mix they would have 1.2 Trillion dollars on hand to meet pension obligations. That 1.2 Trillion is 3 times more than their Liabilities. So until Congress changes the Law their will be continued issues with the financial status of the PO.
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