Fri. Apr 12th, 2024

One reason the Postal Service has a long-term pension problem

May 30, 2023
FILE PHOTO: A United States Postal Service (USPS) truck is seen in the rain in Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., April 13, 2020. REUTERS/Andrew Kelly

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Low-risk investments generally have low returns. By law, the Postal Service must invest retiree assets in U.S. Treasury securities. The Office of Inspector General took a look at how much USPS would have had now, with a stock-and-bond mix. Wow. For more, Federal Drive with Tom Temin spoke with Research Specialist Joy Sanzone.

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