NALC statement on USPS’s temporary suspension of FERS contributions
National Association of Letter Carriers • • general
Key Points:
- The Postal Service will temporarily halt employer contributions to the Federal Employees Retirement System (FERS) defined benefit portion through the end of the fiscal year, with no immediate effect on current or future retired letter carriers.
- This pause is due to the Postal Service's financial challenges and ongoing congressional inaction on legislative changes needed to improve its infrastructure and modernization efforts.
- NALC President Brian L. Renfroe called on Congress to approve new investment strategies for retiree health and pension funds, recalculate pension obligations fairly, and increase borrowing authority to avoid such pauses.
- The union emphasizes that these policy changes are essential to protect postal employees' jobs, retirements, and the reliable mail service provided to Americans.
