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USPS Pauses $2.5 B Pensions, Delays Insolvency to 2035

6/25/2026

Summary

Story summary

USPS paused $2.5 billion in retirement contributions, moving projected insolvency from early 2027 to fiscal 2031-2035.
Postmaster General David Steiner told a Senate committee the service has no cash, posted a $2 billion loss after a $9.5 billion loss, and deferred $2.5 billion in contributions through September 30.
Steiner said profitability needs labor cuts, reductions, post-office closures, and that USPS hired Alvarez & Marsal for a plan, noting the stamp rose to 82 cents on July 12.

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Story summary

USPS paused $2.5 billion in retirement contributions, moving projected insolvency from early 2027 to fiscal 2031-2035.
Postmaster General David Steiner told a Senate committee the service has no cash, posted a $2 billion loss after a $9.5 billion loss, and deferred $2.5 billion in contributions through September 30.
Steiner said profitability needs labor cuts, reductions, post-office closures, and that USPS hired Alvarez & Marsal for a plan, noting the stamp rose to 82 cents on July 12.