USPS halts employer pension contributions to conserve cash amid looming liquidity crisis
The U.S. Postal Service is suspending its employer contributions to the Federal Employees Retirement System to conserve cash as it warns of a looming liquidity crisis; employee contributions to the pension and the Thrift Savings Plan will continue, and the move could save about $2.5 billion this year, even as officials consider measures like higher stamp prices or a reduced delivery schedule to avert insolvency.
