USPS Halts Retirement Fund Contributions Through Fiscal Year End
NALC statement on USPS’s temporary suspension of FERS contributions
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.
The U.S. Postal Service announced a temporary suspension of employer contributions to the Federal Employees Retirement System (FERS) defined benefit portion through fiscal year-end. The National Association of Letter Carriers issued a statement regarding this decision. This move affects retirement benefits for postal employees participating in the federal retirement program.
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