Submitting OIG:
Report Description:
Since the formation of the modern Postal Service in 1971, various laws gave it more retirement liability than other federal agencies. As an independent agency within the federal government, USPS is expected to be self-sustaining and cover costs — including retirement costs — through revenue. Thus, while other federal agencies receive annual congressional appropriations to fund retiree pension and health care benefits, the Postal Service generally receives no direct tax dollars and pays for these expenses from the sale of postal products and services. USPS’s retirement costs are significant — $10 billion in FY 2023 alone.
Date Issued:
Monday, January 8, 2024
Agency Reviewed / Investigated:
Submitting OIG-Specific Report Number:
RISC-WP-24-002
Location(s):
Agency-Wide
Type of Report:
Inspection / Evaluation
Questioned Costs:
$0
Funds for Better Use:
$0
Number of Recommendations:
0
Report updated under NDAA 5274:
No
View Document:
| Attachment | Size |
|---|---|
 RISC-WP-24-002.pdf | 5.62 MB |