USPS Notifies OPM of Its Intention to Suspend Employer’s Contributions To FERS
U.S. Postal Service Institutes Cash Conservation Plan- FERS account surplus valued at $6.9 billion WASHINGTON — The U.S. Postal Service has informed the Office of Personnel Management (OPM) of its intention to suspend its employer’s contributions for the defined benefit portion of the Federal Employees Retirement System (FERS) to conserve cash and preserve liquidity. The […]