USPS halts pension contributions
Digest more
The step to forgo the pension payments is meant to preserve cash and liquidity amid an ‘ongoing, severe financial crisis’ () The U.S. Postal Service is temporarily suspending employer contributions to Federal Employees Retirement System annuities,
Investigators uncovered that by mid 2021, a criminal network had been filing fraudulent unemployment claims not just in Georgia, but across at least 46 states.
Prosecutors say two USPS employees received kickbacks from trucking company owners in exchange for helping secure about $15 million in postal service contracts.