News & information

NALC President Brian L. Renfroe released the following statement:

Today, the Postal Service announced it will temporarily pause employer contributions to the defined benefit portion of the Federal Employees Retirement System (FERS) account through the end of the fiscal year. This pause has no immediate impact on any current or future retired letter carriers.

This move is necessitated by the Postal Service’s current financial situation and is a direct result of continued inaction by Congress to fix the legislative constraints that inhibit the Postal Service's ability to invest in its infrastructure and modernize to meet the needs of its employees and the American people.

If Congress were to allow for a new investment strategy for USPS retiree health and pension funds, a fair recalculation of the agency’s Civil Service Retirement System pension obligations, and an increase in the agency’s borrowing authority, this pause in FERS contributions would not be necessary.

It is time for Congress to act on these commonsense policy changes to protect our jobs, retirements, and the essential and reliable service we provide to every American.