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Brought to you by the Council of the Inspectors General on Integrity and Efficiency
As part of its effort to control personnel costs, the U.S. Postal Service has identified the need to create a new retirement plan for future employees. To that end, the Postal Service requested we benchmark its retirement benefits against similar private and government programs. Benchmarking is useful here because the Postal Service is required to offer benefits that are comparable to those in the private sector. While the Postal Service’s retirement benefits are comparable in many ways to those offered in the private sector, we found that some differences exist.