JOBS | Accommodation

WIRES:

Find related articles

E-mail It

Print It

Scoop It

Scoop >> World >>

USPS May Be Unable to Make Payroll in October

Wednesday, 22 July 2009, 1:51 pm
Press Release: AFSH

USPS May Be Unable to Make Payroll in October and Retiree Health Plan Costs, Unions' Letter to White House Says
July 19

On July 14, unions representing United States Postal Service (USPS) workers wrote the White House with "extreme urgency" asking for a meeting to address lack of funding for both employee payroll in October and health benefits for retired employees.

The letter,
which the FederalTimes.com blog provided a scanned copy late last week, says:

"[USPS] top executives are now saying that the USPS will default on a $5.4 billion payment to prefund future retiree health benefits on September 30, 2009. And its government affairs representative are now telling Congressional staff that the Postal Service may not be able to make payroll in October and will be forced to issue IOUs instead."

Download Financial Success Secrets

Search New Zealand Business

The letter was co-signed by the presidents of the American Postal Workers Union, National Rural Letter Carriers' Association, National Association of Letter Carriers and National Postal Mailhandlers Union, and sent to White House Deputy Chief of Staff, Jim Messina.

GovExec.com reported more on the letter in this column ( below ) on July 17.

http://www.myfederalretirement.com/public/456.cfm

ENDS

Subscribe
News Alerts
Rss

World Headlines

WORLD > >

Lack Of Evidence: ICC Dismisses Case Against Darfurian Rebel Leader

The International Criminal Court (ICC) today declined to confirm the charges made against a rebel leader accused of directing the September 2007 attack that killed a dozen African Union peacekeepers in Sudan’s strife-torn Darfur region, citing ... More >>

DR Congo: Over 8,000 Women Raped By Combatants

The number of women raped in eastern Democratic Republic of the Congo (DRC), where sexual violence committed by warring factions has become endemic, topped 8,000 last year, according to fresh estimates released by the United Nations Population Fund ... More >>

ALSO:

United Nations - Rape Used As A Weapon In African Wars
United Nations - DR Congo: Widespread Reports Of Rape

The Real Na'vi: Tribal People Appeal To James Cameron

Tribal peoples’ rights organization Survival International has appealed to Avatar director James Cameron on behalf of an Indian tribe through an ad in the film industry magazine Variety. More >>

Haiti: Racing Against Time, UN Seeks Shelters

The United Nations said today it is racing against time to bring in hazard-resistant tents for Haiti’s earthquake victims before the rainy season starts, provide sufficient agricultural input to save the next planting season, and raise greatly increased ... More >>

ALSO:

Scoop Full Coverage - Scoop Coverage: Haiti Earthquake Response

Whaling: Japanese Authorities Breach Human Rights

The Japanese government breached a series of internationally guaranteed human rights by detaining two Greenpeace activists who had uncovered major corruption in the Japanese whaling programme, according to a working group of the United Nations Human Rights ... More >>

Israel: Army Raids Ramallah To Arrest Activists

Israeli soldiers raided a Ramallah apartment around 3AM to arrest a Spanish and an Australian activist over expired visas in direct violation of the Oslo Accords. At three in the morning, the Israeli army forcefully entered an apartment in the Area ... More >>

United Nations: Meetings Put Spotlight On Pacific Development

Three high-level United Nations meetings will take place in Vanuatu next week, bringing together top UN officials, other development partners and leaders from the Pacific to assess the challenges faced by the region and to map out strategies to spur development ... More >>

Again ? Bob Barker Rammed By Illegal Whaler

At 1209 PM Fremantle, Australia time, the Yushin Maru 3 intentionally rammed the Sea Shepherd ship Bob Barker, penetrating it's hull and endangering the lives of it's crew. The collision occurred at 65 degrees 21 South, 67 degrees 58 East, about ... More >>

ALSO:

The Institute Of Cetacean Research - Sea Shepherd Rams Japanese Ship

Ethical Disinvestment: Church Of England To Sell Stake In Vedanta

In a shock move, the Church of England decided today to disinvest from controversial miner Vedanta Resources on ethical grounds, dealing a devastating blow to the company’s credibility. More >>