USPS outlines $8B infrastructure investment in 2022 as sign of ‘bright future’
But union officials, members of the public and USPS officials are pushing back on the direction of USPS leadership.
Surplus payments the Postal Service made to the Federal Employee Retirement System are much smaller than once thought. Last year, the surplus was estimated to be $11.4 billion. But because of a reduction in projected long-term interest rates, OPM estimated the surplus would drop to $2.6 billion. SPS had wanted to use those overpayments to pay down some of its debts