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The USPS is suspending contributions to employee pensions as it warns of a 'pending liquidity crisis' - Business Insider
Overview
The U.S. Postal Service is temporarily halting employer contributions to its pension plan to free up cash amid a looming liquidity crunch, a concrete example of employers retrenching benefits. The CalPERS investigation underscores that threats to retiree security come from both short-term liquidity moves and deeper problems such as poor governance and chronic underperformance in large public pension funds.
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