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U.S. Postal Service to Drop Saturday Mail in August

WJBK-TV reports the move will save about $2 billion and will not affect package delivery.

The U.S. Postal Service will announce the end of Saturday mail delivery, WJBK-TV reported Wednesday morning. 

Saturday mail delivery will end in August. The move, which does not affect package delivery, is expected to save $2 billion annually, the report indicated. It's part of a 5-year plan to cut $20 billion, according to The Washington Post

On Tuesday, The Huffington Post reported that Hallmark Cards, Inc. has hired lobbyists who will ask Congress to keep Saturday delivery and consider other cost-saving measures. According to the report, postal workers say the move could result in the loss of 80,000 jobs. 

Will the loss of Satuday mail delivery affect you? Tell us what you think in a comment. 

Sherry Woodbeck February 06, 2013 at 01:26 PM
In 2006, Congress decreed that the USPS must fully fund current and future employees’ pension and health care costs to the tune of $5.5 billion a year. Congress required this funding to be done in 10 years to cover the costs for the next 75 years! I know of no business that pays 75 years into the future for its employees’ pension and health benefits. I know of no business that pays such costs for employees not even born yet. However, Congress has required this of the USPS since 2006. According to Senator Bernie Sanders (I-VT), the USPS has about $44 billion dollars now in this pension and health care cost fund and, with compounding interest around 3%, there is more than enough money set aside now to cover the costs for the next 75 years. Without this staggering payment of $5.5 billion a year it is required to make, the USPS would be in the black. As it is today, the USPS is in the red and is seeking help from Congress to remedy the situation. Without a remedy, the USPS could lose up to 200,000 employees (many of whom are veterans), Keep in mind, the USPS receives no taxpayer money for its operating costs. It earns all its revenues (including the required $5.5 billion a year) from the sale of stamps. If Congress decreed today that the USPS no longer had to set aside $5.5 billion a year, the USPS would be operating at a profit and would have enough money to pay retirement and health care costs 75 years into the future. This seems reasonable to me.

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