Q. I am a 35-year Postal Service employee covered under CSRS. If the USPS becomes insolvent, will my retirement annuity be safe? With the fiscal crises, can Congress change my annuity to a lower benefit?
A. The solvency or insolvency of the Postal Service would not affect your entitlement to an annuity. However, the law that specifies what retirement benefits could be changed for all retirees. Such changes are usually prospective, meaning that they would apply to those retiring at some later date.