USPS Halts Federal Pension Contributions and Seeks New Price Increases Amid Looming Cash Crisis
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Facing a projected cash shortfall, the Postal Service has halted its federal retirement-fund (pension) contributions and is formally proposing additional postage price increases beyond a temporary fuel surcharge as a two-pronged strategy to stay solvent. USPS leaders warned Congress the moves are intended to avert service degradation and are privately debating how long pension payments can be delayed without prompting intervention from lawmakers, unions or pension overseers.