NALC statement on Fiscal Year 2025 USPS financial results

NALC statement on Fiscal Year 2025 USPS financial results

NALC President Brian L. Renfroe released the following statement:

Today, the Postal Service announced its Fiscal Year 2025 financial results, reporting a net loss of $9 billion, a $542 million decrease from last year. These results reinforce the need for continued policy changes and network modernization to achieve long-term financial sustainability.

For years, NALC led the fight to repeal the retiree health care pre-funding mandate. This was achieved in the Postal Service Reform Act. Today, we continue to say what we said then – more must be done.

First, rather than being a creditor to the taxpayer-funded government, the Postal Service must be allowed to diversify the investments of the hundreds of billions of dollars it is currently required to invest in U.S. Treasury bonds. In addition, the Office of Personnel Management must rectify the decades-long overallocation of Civil Service Retirement System liabilities to the USPS. These reforms would provide both immediate and long-term financial relief, allowing the Postal Service to make overdue investments in its infrastructure to modernize its processing and delivery networks.

The Postal Service is an independent, non-taxpayer-funded agency. It has long been expected to operate like a business while providing a critical public service under direct congressional oversight. Congress must enact these commonsense reforms so letter carriers and all postal employees can do what we do best for another 250 years – serving the American people every day.

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source http://www.expertclick.com/NewsRelease/NALC-statement-on-Fiscal-Year-2025-USPS-financial-results,2025313418.aspx

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