The United States Postal Service is suspending employer pension contributions for workers beginning Friday, citing a looming cash shortfall, the agency announced Thursday.The move, which affects the Federal Employees Retirement System (FERS), comes just weeks after the Postal Service warned Congress it could run out of cash in under a year without significant reforms, including changes to pension funding and stamp prices.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 retiree...
HALO NEWSLETTER
Join HALO today and unlock this story instantly — It's Free
