Report File
Date Issued
Submitting OIG
U.S. Postal Service OIG
Other Participating OIGs
U.S. Postal Service OIG
Agencies Reviewed/Investigated
U.S. Postal Service
Report Number
RISC-WP-24-002
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.
Report Type
Inspection / Evaluation
Agency Wide
Yes
Number of Recommendations
0
Questioned Costs
$0
Funds for Better Use
$0
