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Forever Stamp

All articles tagged with #forever stamp

policy1 day ago

USPS Hikes Stamp Price, Halts Pension Contributions to Shore Up Cash

The U.S. Postal Service will temporarily suspend employer contributions to federal retirement annuities to preserve cash while seeking regulatory approval for higher postage rates, including raising the First-Class Forever stamp from 78¢ to 82¢; regulators granted a temporary waiver to redirect funds for retiree benefits, as USPS warns of a cash shortfall by 2027, with retirees not affected immediately and Congress criticized for inaction on a longer-term fix.

via Politico|
#forever-stamp#liquidity#pension
"Global Comparison: USPS Plans Another Stamp Price Increase to 73 Cents"
business2 years ago

"Global Comparison: USPS Plans Another Stamp Price Increase to 73 Cents"

The U.S. Postal Service plans to raise the price of a Forever postage stamp to 73 cents in July, marking the sixth increase since January 2021. Despite the frequent hikes, a report by the USPS Office of the Inspector General found that U.S. stamp prices remain relatively low compared to other developed countries. The increase in stamp prices is attributed to factors such as declining mail volume, rising costs, and the agency's obligation to pay retirees' benefits. The U.S. market for domestic mail delivery is the largest globally, and while stamp prices have risen, they still compare favorably to those in other countries.

via NPR|
#business#forever-stamp#global-comparison
"USPS Announces Price Hike for Stamps and Packages"
business2 years ago

"USPS Announces Price Hike for Stamps and Packages"

The U.S. Postal Service will implement its third rate increase in 12 months, with the cost of a first-class stamp rising to 68 cents, up 2 cents. Other changes include increases in metered 1-ounce letters, postcards, international postcards and 1-ounce letters, as well as priority mail and USPS Ground Advantage. The adjustments are aimed at providing the Postal Service with much-needed revenue to achieve financial stability as outlined in its Delivering for America 10-year plan.

via WPTV News Channel 5 West Palm|
#business#forever-stamp#postage-rates
"MLK Day 2024: What's Open, Closed, and Store Hours for Major Retailers"
holiday-information2 years ago

"MLK Day 2024: What's Open, Closed, and Store Hours for Major Retailers"

The U.S. Postal Service will be closed on Martin Luther King Jr Day (Monday, Jan. 15, 2024), and mail delivery will not run. Post offices will reopen at regular time on Tuesday, and mail delivery will resume. Additionally, the cost of a Forever Stamp will increase by 2 cents starting Jan. 21. The article also lists the remaining postal holidays for 2024.

via AL.com|
#forever-stamp#holiday-information#mail-delivery