Data use is critical for all aspects of the U.S. Postal Service’s operations, including determining costs and setting prices. That’s why data systems need to be accurate and reliable.
Our recent audit...Read More
|Fiscal Year||Report Title||Issue Date||Report Number||Financial Value||Status||Recommendation Summary||Management Response|
|2017||Update for Measuring Pension and Retiree Health Benefits Liabilities||05/02/2017||FT-AR-17-007||$6,030,300,000||Closed||R - 1 -- Continue to work with Congress to enact legislation that more accurately and fairly addresses Postal Service retirement liability reform, including the use of Postal Service-specific assumptions in preparing the Civil Service Retirement System, Federal Employees Retirement System, and retiree health benefits liabilities and Postal Service retiree participation in Medicare.||Agree|
|2016||Revenue Forgone||05/03/2016||FT-AR-16-006||$1,615,993,029||Closed||R - 1 -- Pursue changes to the Revenue Forgone Reform Act of 1993 to allow the remaining amount owed plus interest, totaling about $1.6 billion, be applied against the U.S. Postal Service's outstanding loans from the U.S. Department of the Treasury.||Agree|
|2013||Using U.S. Postal Service-Specific Assumptions for Calculating the Federal Employees Retirement System Liability||09/27/2013||FT-MA-13-024||$9,480,000,000||Closed||R - 1 -- Coordinate with the Office of Personnel Management to modify the future Federal Employees Retirement System liability calculation to use actuarial assumptions specific to the Postal Service and, based on the results, take action as appropriate.||Agree|
|2013||Using U.S. Postal Service-Specific Assumptions for Calculating the Civil Service Retirement System Liability||09/27/2013||FT-MA-13-023||$1,300,000,000||Closed||R - 1 -- Coordinate with the Office of Personnel Management to modify the future Civil Service Retirement System liability calculation to use actuarial assumptions specific to the Postal Service.||Agree|