U.S. Postal Service To Stop Paying Into Worker Pension Fund

The U. S. Postal Service creed is displayed on the exterior of the James A. Farley post office building in New York, U.S., on Thursday, June 23, 2011. The U.S. Postal Service, facing insolvency without approval to delay a $5.5 billion payment for worker health benefits, will suspend contributions to an employee retirement account to save $800 million this year. Photographer: Timothy Fadek/Bloomberg via Getty Images
The U. S. Postal Service creed is displayed on the exterior of the James A. Farley post office building in New York, U.S., on Thursday, June 23, 2011. The U.S. Postal Service, facing insolvency without approval to delay a $5.5 billion payment for worker health benefits, will suspend contributions to an employee retirement account to save $800 million this year. Photographer: Timothy Fadek/Bloomberg via Getty Images
U.S. Postal Service To Stop Paying Into Worker Pension Fund
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Credit:
Bloomberg / Contributor
Editorial #:
117218227
Collection:
Bloomberg
Date created:
June 23, 2011
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Source:
Bloomberg
Object name:
POSTAL HALTS PENSION
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