Post office retirements

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Q: It was my understanding that the Postal Service had to fund each employee’s retirement and benefits plan in advance to ensure funds would be available upon their date of retirement. Am I correct?

A: You are correct. However, a proposal has been floated that would alter the way the Postal Service funds retirement benefits. OPM and others are stongly opposed to it.

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About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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