The U.S. Postal Service is hitting pause on pension payments to avoid running out of cash, according to The Associated Press.
Leaders say the agency faces a severe financial crisis and needs to conserve money to keep mail moving. Officials plan to suspend employer contributions to federal retirement funds starting April 10, freeing up about $2.5 billion this year.
Postal leaders insist workers and retirees won’t see immediate impacts. Still, the warning is stark—without changes, USPS could struggle to operate within a year. The agency is also considering an 8% surcharge on some deliveries to offset rising fuel costs.
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