Workers’ comp fraud case | Former rural carrier sentenced to prison and $650,000 in restitution

The bill came due in this workers’ comp fraud case

  Workers’ comp fraud case | Former rural carrier sentenced to prison and $650,000 in restitution

"...In 2014, an agent with the Postal Service’s Office of Inspector General, or OIG, sensed something amiss in the data. OIG agents spent a few weeks observing the woman’s activities and found that she went to the gym regularly, planted trees in her yard and moved boxes around the garage. She was never seen wearing pain patches or medical devices.

And online evidence of outings and parties contradicted claims of a limited social life.

Workers’ compensation claimants are required to report not only improvements in health, but also..."

Reference: usps.com




 

USPS recommends new prices | The proposed changes would take effect in July

  USPS recommends new prices | The proposed changes would take effect in July

"...The Postal Service has filed notice with the Postal Regulatory Commission of mailing services price changes to take effect Sunday, July 12.

The new rates include a 4-cent increase in the price of a First-Class Mail Forever stamp from 78 cents to 82 cents.

The proposed adjustments, approved by Postal Service governors, would raise mailing services product prices approximately 4.8 percent.

If favorably reviewed by the commission, the price changes would include:

• Letters (1 ounce): 78 cents (current), 82 cents (planned)

• Letters (metered 1 ounce): 74 cents (current), 78 cents (planned)..."

Reference: usps.com




 

USPS halts pension contributions after warning of looming cash crisis

  USPS halts pension contributions after warning of looming cash crisis

"Agency says the move will free up $2.5B this year...USPS emphasized that the pause will have no immediate impact on current or future retirees. ..."

Reference: www.foxbusiness.com




 

USPS begins cash conservation plan | Temporarily suspends payments to Federal Employees Retirement System (FERS)

  USPS begins cash conservation plan

"USPS temporarily suspends payments to Federal Employees Retirement System (FERS)...“There will not be any immediate detrimental impact to our current or future retirees if normal FERS cost payments are temporarily withheld,” said Postal Service Chief Financial Officer Luke Grossmann. ..."

Reference: usps.com
*Emphasis Added




 

USPS Board of Governor’s Decides to Temporarily Suspend the Postal Service’s Employer Contributions for the Federal Employee Retirement System (FERS) Annuities

  USPS Board of Governor’s Decides to Temporarily Suspend the Postal Service’s Employer Contributions for the Federal Employee Retirement System (FERS) Annuities

Please find enclosed copies of the Mandatory Stand-Up Talk and FERS Action – Frequently Asked Questions/Talking Points (pdf) regarding the USPS Board of Governor’s decision to temporarily suspend the Postal Service’s employer contributions for Federal Employees Retirement System (FERS) annuities. The suspension is effective April 10.

According to the Postal Service, this action is necessary to conserve cash and preserve liquidity due to its ongoing, severe financial crisis in which the Postal Service could run out of cash as early as February 2027.

The Postal Service will continue to withhold employees’ contributions to FERS and will transmit those amounts to OPM. The Postal Service will also continue to transmit the employer automatic and matching contributions and employee contributions to the Thrift Savings Plan (TSP) and to Social Security.

The Postal Service states that there will be no immediate detrimental impact to current or future retirees when the normal FERS cost payments are temporarily withheld.

Should you have any questions contact the Contract Administration Department.

Reference: NPMHU via www.npmhu.org