Postmaster promises new operating plan will help USPS to ‘break-even’
February 24
United States Postal Service Postmaster General Louis DeJoy speaks during a House Oversight and Reform Committee hearing on "Legislative Proposals to Put the Postal Service on Sustainable Financial Footing" on Capitol Hill, Wednesday, Feb. 24, 2021, in Washington. (Graeme Jennings/AP)
Leadership at the U.S. Postal Service has yet to release its long anticipated plan to resolve the agency’s financial deficits, but Postmaster General Louis DeJoy promised lawmakers on Wednesday that the finalized measures will get the agency to a “break-even” state when combined with proposed legislation.
That draft legislation would mandate three primary changes to postal operations: requiring all postal employees to enroll in Medicare when they reach 65 years old, eliminating the mandate that USPS prefund retiree benefits and requiring certain service performance standards.