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Stamp Price

All articles tagged with #stamp price

policy1 day ago•6 min saved

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

business2 days ago•2 min saved

Postal Service Hikes First-Class Stamp to 82 Cents Amid Cash Crunch

The U.S. Postal Service proposed across-the-board price hikes, including raising First-Class Forever stamps from 78 to 82 cents (effective July 12) and a 4.8% overall increase if approved, as USPS warns of a severe financial crisis and cash exhaustion by February 2027; the plan also includes an 8% fuel surcharge for package/express deliveries and measures like suspending employer contributions to Federal Employees Retirement System annuities to maintain operations, with declining mail volume driving the strain.

via CNBC|

#business #financial-crisis #first-class-mail

business3 years ago•2 min saved

USPS announces 32% increase in stamp price to 66 cents.

The US Postal Service is increasing the price of its first-class stamp to 66 cents, a 4.8% increase from its current price of 63 cents, effective from July 9. This is the fifth increase since early 2019, and the cost of a first-class stamp has risen nearly one-third since then. The Postal Service said the price hike is needed to offset higher operating expenses and the effects of a previously defective pricing model. Other postage fees will also rise in July, and together, the various price hikes represent a boost of 5.4%.

via CBS News|

#business #financial-stability #postage

business3 years ago•2 min saved

USPS plans 5.4% stamp price increase in latest rate hike.

The US Postal Service is increasing the cost of a first-class stamp from 63 cents to 66 cents, marking its fourth rate hike in two years. The new rates, which cover other mail items including periodicals and advertising mailers, are set to take effect on July 9. The price increases are part of Postmaster General Louis DeJoy’s turnaround of the mail agency, which was facing hundreds of billions of dollars in unpayable liabilities when he took assumed the role in June 2020. However, critics say continued price increases harm the Postal Service’s financial stability.

via The Washington Post|

#business #mail-business #postal-service