| "This move underscores the need for Congress to make bold, quick and substantive reforms to the Postal Service. The USPS is hanging by a thread, along with 8 million private sector jobs that depend on the mail," said Art Sackler, coordinator for the Coalition for a 21st Century Postal Service, a group representing the private sector mailing industry.The action is expected to free about $800 million in the current fiscal year. The post office's FERS account currently has a surplus of $6.9 billion, the agency said.
Because of that surplus the suspension should not have any effect on current retirees, postal spokesman Dave Partenheimer said.He said no decision has been made about how long the contributions will be suspended but "it is not a long-term solution. The long-term solution is getting legislation passed." |
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