U.S.NewsAPI
US Postal Service to suspend employer payments to workers’ pensions, citing cash crunch - AP News
Overview
The Postal Service has told federal officials it will temporarily suspend employer contributions to preserve cash, warning it could otherwise run out of funds. The recent CalPERS probe complements this picture by showing that separate but related risks — weak oversight, secrecy and persistent underperformance — can also imperil public retirement systems over the longer term.
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ORGAP NewsORGU.S. Postal ServiceORGFederal Employees Retirement System
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