- The U.S. Postal Service is set to increase the cost of postage again and will temporarily suspend pension contributions as it grapples with a "severe financial crisis.”
- Officials have warned that the USPS is projected to run out of cash by around February 2027 if current trends continue.
- The USPS filed notice to increase postage rates, including raising the price of a First-Class Mail Forever stamp from 78 cents to 82 cents, pending regulatory approval. Post cards and international letters will also be affected.
- The agency said temporarily suspending its employer contributions to Federal Employees Retirement System annuities will allow it to keep making payroll, paying suppliers and delivering the mail.
- Despite the suspension of employer contributions, effective Friday, current and future retirees will not be immediately impacted, Postal Service Chief Financial Officer Luke Grossmann said.
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