USPS halts pension contributions after warning of looming cash crisis

Title: USPS halts pension contributions after warning of looming cash crisis

Article Snip: "...Agency says the move will free up $2.5B this year...USPS emphasized that the pause will have no immediate impact on current or future retirees.

"There will not be any immediate detrimental impact to our current or future retirees if normal FERS cost payments are temporarily withheld," Postal Service Chief Financial Officer Luke Grossmann said. "

Reference: www.foxbusiness.com
*Emphasis Added
USPS vs. Postal Employees, Paying the Postal Service Bills With $2.5B in Pension Contributions, Pensions,

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