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USPS Halts Pension Payments Amid “Looming Cash Crisis”

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USPS Halts Pension Payments Amid “Looming Cash Crisis”

the staff of the Ridgewood blog
Ridgewood NJ, The United States Postal Service (USPS) has officially suspended employer pension contributions to the Federal Employees Retirement System (FERS), a drastic move aimed at saving $2.5 billion as the agency warns it could run out of cash within a year.

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