Statement by NALC President Fredric Rolando on the Nov. 10 USPS Fiscal Year 2021 financial report
The postal revenue increase for Fiscal Year 2021 over Fiscal Year 2020 makes two things clear. The first is how much the American people and their businesses rely on the Postal Service. During the pandemic, letter carriers have helped tens of millions of Americans shelter safely at home, while also helping them vote safely from home—and providing a sense of normalcy through the worst months. Secondly, even with the demonstrated strength of the postal business model, USPS reported a net loss, which drives home the need for postal reform to address the artificial red ink caused by the 2006 congressional mandate that the USPS–alone among all U.S. companies and agencies–pre-fund future retiree benefits.