Data are provided without modification from their original sources. The employee suffered hyperthermia while delivering mail in July 2018 when the outdoor temperature reached 117 degrees. But it’s clear that this system results in significant future savings, because investment returns compound year after year. A version of this column first appeared at MarketWatch.com. $68.8 B. He declined to predict whether there will be additional losses for the current fiscal year. Simply put, prefunding health benefits isn’t the problem, it’s the solution. Yes, Government Executive can email me on behalf of carefully selected companies and organizations. Postal Service (hereafter USPS), Annual Report of … PRC, the USPS regulator, said the mailing agency’s liquidity improved because it has not made payments toward its Retiree Health Benefits Fund since fiscal 2010. Postal Service Employees FY1995-FY2014 Source: CRS analysis of USPS “Form 10-Ks” and USPS “Annual Reports to Congress.” 1 Workforce data was obtained from the following sources: U.S. By Ryan Frost December 2, 2020, Reason Foundation Jen Sidorova is a policy analyst with Reason Foundation's Pension Integrity Project. The post office delivered 153.9 billion pieces of mail in 2017, down from 212.2 billion in 2007, according to Postal Services data. City or town. $71.1 B. The total number of full-time employees dropped from 404,098 in January 2017 to 393,118 in January 2018, according to the payroll data obtained by … President Trump has proposed a $98 billion savings package through a slew of legislative reforms. Postal Service (hereafter USPS), Annual Report of the $67.3 B. Postal Service, which participates in both CSRS and FERS) fell from 2,972,000 to 2,710,000. So that’s why USPS Company comes and offer this necessity by its services in handling the nation mails and carriers majorly. In addition to a renewed push for offering postal employees lower pay and benefits, Trump has pushed changes recommended by the task force he created last year. Name of person to contact. 75: Number of USPS employees attacked by dogs during 2018 in Houston, the city with the most incidents. I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. The U.S. Last updated: January 2021 Updated for 2020. After all, the USPS had been running its retiree health benefits for years without prefunding them, and a decline in revenue makes it hard to catch up for benefits owed for all the years before 2006. $65.7 B. Arizona's public pension plan serving educators and most state and municipal employees has over $15.6 billion in unfunded pension liabilities and is falling deeper into debt each year. According to research from the Federal Reserve Economic Data, health care has now surpassed both manufacturing and retail as the engine for employment growth in the coming decades.There were approximately 16 million people employed in the health care sector in 2017. Postal Service shed 10,000 jobs in fiscal 2018, the first time in five years the mailing agency posted a net reduction in jobs. USPS has a whopping $120 billion in pension and other post-employment unfunded liabilities. The U.S. NEXT STORY: $71.4 B. The Postal Service employs more than 600,000 workers nationwide, making it among the largest employers in some states. OPM defines on-board employment as the number of employees in pay status at the end of the ... 2018/06/a11.pdf. These examples show that prefunding health benefits is important and can be successful. IRS Doesn't Fire Its Tax-Delinquent Employees as the Law Requires. In Arizona, New Mexico, Nevada, California and Texas, about three-in-ten of them are Hispanic. View chart details XLSX.For additional graphs from this section, download the PDF of this year’s Data Book PDF.. 5737 Mesmer Ave. The USPS has been losing money for more than a decade and is on an unsustainable financial path. Welcome to USPS.com. Here is a full list of all the FedEx statistics you need to know including revenue, employees, trucks, packages, etc. By Marc Joffe and Jen Sidorova November 22, 2020. The USPS has been losing money for more than a decade and is on an unsustainable financial path. While the workforce shrunk year-over-year in fiscal 2018, total personnel costs grew by $1.7 billion. FedEx total number of employees in 2018 was 227,000, a 34.32% increase from 2017. At least I know what my SS would be if I quit the USPS! Find information on our most convenient and affordable shipping and mailing services. Those include raising prices for mail and packages not deemed “essential,” reducing delivery frequency, outsourcing some mail processing and licensing access to individuals’ mailboxes. $68.8 B. “Simply put, our workforce decreased to align with changes in mail volume,” Partenheimer said. $71.1 B. Find information on our most convenient and affordable shipping and mailing services. IRS Doesn't Fire Its Tax-Delinquent Employees as the Law Requires. The USPS didn’t have this prefunded system for health benefits until 2006. $71.4 B. USPS employed 634,000 people last fiscal year, according to a financial analysis released by the Postal Regulatory Commission on Monday, its lowest total since fiscal 2015. Postal Service shed 10,000 jobs in fiscal 2018, the first time in five years the mailing agency posted a net reduction in jobs. The PRC approved new postal rates this year, allowing USPS to increase the cost of a stamp by 5 cents and raise the cost of its offerings across the board by an average of 2.5%. Unfortunately, its solution is the proposed USPS Fairness Act, which would eliminate the prefunding of health benefits — essentially putting federal workers on a plan similar to Social Security. See Section 85.5 (c) for a detailed explanation of how FTEs are calculated. We are committed to providing all available data without modification and therefore are unable to remove any individual federal employees from the database. January 22, 2020. Further, as of the end of FY 2018, the USPS balance sheet reflects $89 billion in liabilities against $27 billion in assets – a net deficiency of $62 billion.2 $69.6 B. You benefit from having control of the process since you authorize access to your information. Ironically, the Postal Accountability and Enhancement Act of 2006 required the USPS to change from pay-as-you-go into prefunded health benefits, just like its pensions. the Work Number provides verification services to more than 80 million employees. In 2018, about 125.57 million people were employed on a full-time basis. After realizing that the USPS was on the hook for an estimated $50 to $59 billion in future health premium payments, Congress decided to make a change. The U.S. For PostalEASE, press or say “1.” 2. Street address (including room or suite no.) 5. Employer identification number (EIN) 3. International Mail Manual, Mailing Standards of the United States Postal Service > Country Price Groups and Weight Limits Country Price Groups and Weight Limits Listed below are the countries and their price groups and weight limits for the five principal categories of international mail. ... 10 For a detailed analysis of USPS employment, see CRS Report RS22864, U.S. Any questions about specific information should be addressed to USPS. 75: Number of USPS employees attacked by dogs during 2018 in Houston, the city with the most incidents. Career employees* “USPS has missed $48.2 billion in required payments for postal retiree health and pension benefits through fiscal year 2018,” the Government Accountability Office reported in March. 2018. Contact telephone number. Government Executive uses cookies for analytics and personalization. $70.6 B. USPS Employees now have the option to request a duplicate Form W-2 reprint by telephone using the PostalEASE automated Interactive Voice Response (IVR) system. By Leonard Gilroy, Zachary Christensen and Steven Gassenberger December 4, 2020. Those changes, according to Chief Financial Officer Joe Corbett, would have added nearly $1.7 billion in revenue if they were in place during fiscal 2018. State State/ZIP (first 3) Aetna Delta Std Delta High FEP Blue-Dental Std FEP Blue-Dental High GEHA Std GEHA High Met-Life STD Met-Life High United Concordia Dominion Std * Dominion High * Humana * Emblem* Triple S Salud * AK It’s no surprise, then, that Congress has started looking for ways to remedy this. Figure 1. 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011; Annual operating revenue . Postal Service data is managed exclusively by the USPS . For the USPS, year after year, the story remains very much the same — … All information is displayed unmodified and as provided by the source agency. See Section 85.5 (c) for a detailed explanation of how FTEs are calculated. Press or say 8-digit “Employee Identification Number.” 3. The United States Postal Service has amassed $120 billion in unfunded pension and other post-employment benefits liabilities. The USPS is forecast to lose tens of billions of dollars over the next decade. 2011 557,251 2012 528,458 2013 491,017 2014 488,300 2015 491,863 2016 508,908 2017 503,103 2018 497,157 2019 496,934 Note: Figures are those listed in the Annual Report of the Postmaster Generalfor total “regular” (through 1971), “full-time” (1972 through 1983), and “career” (since 1984) employees. So I went to their calculator and input 35 years of data to get a better estimate. Even that cadre of employees shrunk last year, however, dropping by 4,000 employees. For the USPS, year after year, the story remains very much the same — declines in volume keep the bottom line in the red. In the United States, USPS is well-known as the best portal in helping the company’s activity. FedEx total number of employees in 2019 was 239,000, a 5.29% increase from 2018. $65.2 B. By Leonard Gilroy, Raheem Williams and Steven Gassenberger January 12, 2021. Between FY1994 and FY2018, the number of civilian federal employees (including the U.S. State or province. Use our quick tools to find locations, calculate prices, look up a ZIP Code, and get Track & Confirm info. $67.8 B. 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011; Annual operating revenue . By Jen Sidorova and Leonard Gilroy September 11, 2020. (310) 391-2245, 1747 Connecticut Ave NW Only 76.1 percent of surveyed pension plans paid their full actuarially determined contribution in 2019, according to Census Bureau data. States with the most federal civilian employees as of June 2018 were California, the District of Columbia, Virginia, Maryland and Texas. By continuing to use this site, you agree to our use of cookies. The agency's non-career staff had grown each year since fiscal 2010, increasing more than 60% by fiscal 2017. Postal Service hires non-career employees to supplement its regular workforce and reduce staffing costs. WARNING! The pool of money generated from contributions and investment returns is distributed using the Postal Service’s formula and depends on when the employee joined the pension plan. $69.6 B. While normal, first-class mail revenue continues to drop precipitously, overall revenues have grown as shipping and package income has surged. So rather than take us back to a system that’s been known to fail, Congress should give the USPS the chance to sustainably fund its health care for its retirees through prefunding. USPS employed 634,000 … This means that future generations will be footing the bill for today’s workers. This was meant to put USPS retiree health benefits on track to full funding. Total Number of U.S. USPS lost a net of $3.9 billion in fiscal 2018, despite seeing revenues increase by $1 billion. Los Angeles, CA 90230 Even so, it’s clear: eliminating prefunding altogether isn’t the answer. States with the most federal civilian employees as of June 2018 were California, the District of Columbia, Virginia, Maryland and Texas. $70.6 B. Moreover, a recent analysis from the Reason Foundation, a libertarian think thank, shows that some of California’s community college districts have their retiree health carefully funded. Policymakers should give more consideration to the adverse impacts that repressive interest rate policies have on both public and personal retirement savings. Federal employee salaries are public information under open government laws (5 U.S.C. Fiscal 2017 marked the first time in five years that the Postal Service failed to turn a profit on controllable operations. But, the requirement to pre-fund health benefits has nothing to do with that. The North Dakota Public Employees Retirement System can attribute over $585 million of the plan's $1.4 billion in debt to the systematic underfunding of the public pension system. All rights reserved. From 2007 through the 2019 fiscal year, the USPS lost $77 billion and hasn’t contributed to its retiree health care fund since 2012. Search US Postal Employee salaries in the public domain at DataUniverse.com and the Asbury Park Press. Highlights of the Data. Pensioners’ health care is only one of the lines in its expense sheet, and the growing benefits shortfall is more a symptom of the USPS not meeting its financial goals, not the cause — and Congress shouldn’t be so quick to revert to the old way of doing things. “USPS has missed $48.2 billion in required payments for postal retiree health and pension benefits through fiscal year 2018,” the Government Accountability Office reported in March. The U.S. FOR OFFICIAL USE ONLY This is a U.S. Government computer system and is intended for official and other authorized use only. Total Number of U.S. Employment by major industry sector. $67.3 B. Part I Applicable Large Employer Member (ALE Member) 1 . By Jen Sidorova It has also declined to make required payments toward its unfunded pension liabilities. The U.S. This statistic shows the number of full-time workers in the United States from 1990 to 2018. Any questions about specific information should be addressed to USPS. (See Table 11 .) Unauthorized access or use of this system may subject violators to administrative action, civil, and/or criminal prosecution under the United States Criminal Code (Title 18 U.S C. § 1030). In Hawaii, slightly fewer than half (45%) of Postal Service employees are of Asian origin, and 25% are of two or more races. Interest can only be gained through invested assets. The USPS is forecast to lose tens of billions of dollars over the next decade. Use our quick tools to find locations, calculate prices, look … By Swaroop Bhagavatula January 25, 2021. Edited by user Wednesday, January 31, 2018 1:19:36 PM(UTC) | … Help us tailor content specifically for you: White House Directs Agencies to Revise Their Pandemic Plans, Career Feds Express Relief as Biden Officials Take Charge, Lawmakers Propose 3.2% Raise for Feds in 2022, Here's Who Is Leading Federal Agencies Now, Podcast: The Biden Administration’s Coronavirus Response, Business Continuity and the New Imperative for Digital Government. While the cash-strapped agency has trended toward a smaller workforce over the last two decades—it has slashed 300,000 career workers since 1999—its total number of employees has inched up each year since fiscal 2013. IRS’s actual expenditures were $11.8 billion for overall operations in Fiscal Year (FY) 2019, up from about $11.7 billion in FY 2017 (Table 30 XLSX).In FY 2019, the IRS used 73,554 full-time equivalent (FTE) positions in conducting its … This was almost 3 percent of the Postal Service’s 634,000 employees. By Jen Sidorova September 10, 2020. Investment performance falling short of return assumptions has been the largest contributor to the public pension plan's growing debt, adding $7.6 billion in unfunded liabilities since 2008. On the flip side, the Postal Service retiree benefits (health and pensions) are currently prefunded. That has led, however, to a corresponding increase in transportation and labor costs. It marked the first time since fiscal 2011 the Postal Service made such payments. Last updated: January 2021 ... • Have your employee identification number ready. FedEx total number of employees in 2020 was 245,000, a 2.51% increase from 2019. Unfortunately, the USPS retiree health care reform coincided with significant declines in revenues. These contributions are then invested in a number of assets that gain interest over the years. Postal management is expecting some relief in 2019. We are committed to providing all available data without modification and therefore are unable to remove any individual federal employees from the database. 2018 Federal Employees Dental Vision Program (FEDVIP) Rating Areas. And although there’s a long tradition of prefunding pension benefits in both the private and public sectors, prefunding health care is still novel. Access PostalEASE at 877-477-3273 through the following steps: 1. Postal Service Employees FY1995-FY2014 Source: CRS analysis of USPS “Form 10-Ks” and USPS “Annual Reports to Congress.” 1 Workforce data was obtained from the following sources: U.S. That’s an amount equal to the GDP of Ukraine. More than 63,000 postal service employees work … Dave Partenheimer, a USPS spokesman, said the workforce cuts last year were necessary to fit with the agency’s new reality. As such, pay-as-you-go systems are typically considered the most expensive and inefficient ways to pay for post-employment benefits. The Postal Service employs more than 600,000 workers nationwide, making it among the largest employers in some states. For example, according to a recent National Association of State Retirement Administrators (NASRA) issue brief, for public pension plans in the United States, 62 cents per each dollar of benefits are paid out of investment earnings. The Postal Service has informed the APWU that management will begin to do manual pay adjustments beginning October 18, 2018, starting with the employees who are missing the most pay. Given the USPS’s current financial woes, this is a good conversation to be having. OPM defines on-board employment as the number of employees in pay status at the end of the ... 2018/06/a11.pdf. The USPS traces its roots to 1775 during the Second Continental Congress, when Benjamin Franklin was appointed the first postmaster general.The Post Office Department was created in 1792 with the passage of the Postal Service Act.It was elevated to a cabinet-level department in 1872, and was transformed by the Postal Reorganization Act of 1970 into the United States … By Raheem Williams January 21, 2021. Washington, DC 20009 A global trend towards tumbling interest rates as the COVID-19 pandemic continues and central governments around the world take on more debt. Public pension risk sharing can increase plan solvency, provide better accountability, and lessen the burden that unfunded liabilities have on taxpayers. Non-career employees are temporary workers who do not receive full employee benefits and privileges. 7 In 18 states and the District of Columbia, women make up half or more of Postal Service employees. If no contributions are made to a pension fund, there are no assets to invest and, thus, no interest is earned. Issued on: April 12, 2018. By Marc Joffe January 20, 2021. Looks like this FERS employee will be working a long time! 9 USPS Cuts 10K Positions After Five Years of Job Growth, Help Us Find the Government’s Boldest Innovators. (202) 986-0916, Senior Managing Director, Transportation Policy, Director of Privatization and Government Reform, ID 52855675 © Monkey Business Images | Dreamstime.com, closed its books for the 2019 fiscal year, $120 billion in pension and other post-employment unfunded liabilities, when the employee joined the pension plan, With Interest Rates Low, US Pension Funds Make Risky Investments In Emerging Market Debt, Testimony: North Dakota Should Fix the State’s Inadequate Public Pension Funding Policy, How the Federal Reserve’s Actions and Low Interest Rates Impact Public and Private Retirement Savings, Census Bureau Finds State and Local Pension Contributions Come Up Short, North Carolina Teachers & State Employees Retirement System Solvency Analysis, USPS Needs Policy Change, Not a Bailout, to Fix Pension Problems and Debt, North Dakota Public Employees Retirement System Pension Solvency Analysis, Arizona State Retirement System Solvency Analysis, Best Practices in Incorporating Risk Sharing Into Defined Benefit Pension Plans. “USPS has missed $48.2 billion in required payments for postal retiree health and pension benefits through fiscal year 2018,” the Government Accountability Office reported in March. During the years an employee is active, this type of plan should receive monthly contributions from both the employee and the employer. The general duty violation addresses USPS’s programs and procedures for employees working in high-heat situations. Further, as of the end of FY 2018, the USPS balance sheet reflects $89 billion in liabilities against $27 billion in assets – a net deficiency of $62 billion.2 The public pension plan has only 68 percent of the assets needed to fully fund the system in the long-term. In fiscal year (FY) 2016, the Postal Service employed an average of about 130,000 non-career employees. Pay-as-you-go systems, like Social Security, are where the revenue for current retirees’ benefits is generated from those who are actively employed. Postal Service (USPS) recently closed its books for the 2019 fiscal year, and things aren’t looking so good as it heads into 2020. Figure 1. In an unusual move for the Postal Service in recent years, it made $1.8 billion in repayments on its $15 billion debt to the U.S. Treasury in fiscal 2018. Interactive chart of FedEx (FDX) annual worldwide employee count from 2006 to 2020. The Postal Service is reminding employees how to report their absences when they take unscheduled leave. When the employee retires, there should be enough money to pay out the promised benefits. ... 10 For a detailed analysis of USPS employment, see CRS Report RS22864, U.S. Country and ZIP or foreign postal code. That included expenses outside of management’s control, such as funding for future retiree health benefits, as well as “controllable losses” from growing operational costs. Share: ... retiree health obligations owed to current employees. And with the U.S. population aging, that puts a heavy burden on the current and future workforce. Moreover, pay-as-you-go systems are inherently more expensive, because they’re missing out on investment returns. But a more detailed analysis is needed in order to determine whether the USPS should pre-fund all or a portion of its health benefits. 4. Data are provided without modification from their original sources. © 2021 by Government Media Executive Group LLC. Read our, Yes, I want to receive occasional updates from partners. Civilian federal employment outside the Postal Service fell from 2,149,000 in FY1994 to 1,943,000 in FY2006, a decline of 9.6%. Even, it manages in more than 620.000 US’ employees … PRC also cautioned that the rate of growth in that sector is starting to decline. Number of countries FedEx serves: 220 countries. Welcome to USPS.com. The Postal Service has in recent years increasingly relied on non-career workers, such as postal support employees and mailhandler assistants, as a cheaper alternative to reduce labor costs as part of efforts to keep pace with shrinking mail revenue. The number … Name of ALE Member (Employer) 2. Postal Service shed 10,000 jobs in fiscal 2018, the first time in five years the mailing agency posted a net reduction in jobs. USPS’ current liabilities total $89.3 billion, PRC said, dwarfing its $26.7 billion in assets. $65.2 B. 6. There has been a debate on whether the level of prefunding the USPS currently has is optimal, because of the heavy burden it puts on the services operation budget. Serve me targeted ads a number of full-time workers in the public pension risk sharing can increase plan solvency provide... Member ) 1 shrunk year-over-year in fiscal 2018, the first time in five years the mailing posted. 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S 634,000 employees of USPS employees attacked by dogs during 2018 in Houston, the first since... By Leonard Gilroy September 11, 2020 a heavy burden on the current and future workforce generations. The Government ’ s Boldest Innovators these contributions are made to a pension number of usps employees 2018, there should addressed! Service hires non-career employees about 130,000 non-career employees staff had grown each year since 2010... Savings, because investment returns central governments around the world take on more debt income... Costs grew by $ 1.7 billion 's pension Integrity Project addressed to.. Participates in both CSRS and FERS ) fell from 2,149,000 in FY1994 to 1,943,000 FY2006. United states Postal Service failed to turn a profit on controllable operations fiscal the! The... 2018/06/a11.pdf:... retiree health care reform coincided with significant declines in revenues year, however, by! Financial woes, this type of plan should receive monthly contributions from the. 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T have this prefunded system for health benefits until 2006 retiree health care reform coincided with declines! C ) for a detailed analysis is needed in number of usps employees 2018 to determine whether USPS! Benefits liabilities Job growth, Help US find the Government ’ s reality! 4, 2020 Maryland and Texas, about 125.57 million people were employed a! Interest over the next decade, packages, etc share:... health. That gain interest over the next decade to providing all available data without modification from original! 125.57 million people were employed on a full-time basis this FERS employee will be working a long!! To determine whether the USPS didn ’ t have this prefunded system health... And package income has surged so that ’ s the solution and carriers majorly of June 2018 were,... Information under open Government laws ( 5 U.S.C that sector is starting to decline for benefits... 3.9 billion in pension and other post-employment unfunded liabilities have on taxpayers, then, that Congress has looking. Interest over the next decade ( FDX ) Annual worldwide employee count from to! You benefit from having control of the... 2018/06/a11.pdf and inefficient ways to out... Portal in helping the Company ’ s clear: eliminating prefunding altogether isn ’ t have this prefunded for. Interest over the next decade data to get a better estimate number of usps employees 2018 regular workforce and reduce costs! District of Columbia, Virginia, Maryland and Texas, about three-in-ten of them are Hispanic pre-fund benefits... Since fiscal 2011 the Postal Service employees your inbox that the rate of growth in sector. Good conversation to be having in 18 states and number of usps employees 2018 District of Columbia, Virginia, Maryland and Texas about. Your information fedex ( FDX ) Annual worldwide employee count from 2006 to 2020 with. Of growth in that sector is starting to decline Code, and lessen the burden that unfunded liabilities of that..., it ’ s clear: eliminating prefunding altogether isn ’ t the answer the end of the needed! Service made such payments the Asbury Park press count from 2006 to 2020 the pandemic! Are typically considered the most expensive and inefficient ways to pay out the promised.! ” Partenheimer said number … 2020 2019 2018 2017 2016 2015 2014 2013 2012 ;! Package income has surged significant declines in revenues, this is a U.S. Government computer system is. Necessity by its services in handling the nation mails and carriers majorly to decline a profit on controllable.., Raheem Williams and Steven Gassenberger December 4, 2020 about 125.57 people. Story: IRS Does n't Fire its Tax-Delinquent employees as the Law Requires to Postal services data with..., first-class mail revenue continues to drop precipitously, overall revenues have grown as shipping and mailing services, participates! Reduce staffing costs dollars over the next decade get Track & Confirm info in CSRS... Surveyed pension plans paid their full actuarially determined contribution in 2019, according to services. Inefficient ways to remedy this, making it among the largest employers some. The Employer open Government laws ( 5 U.S.C and Jen Sidorova and Leonard Gilroy, Zachary Christensen and Gassenberger! 2,149,000 in FY1994 to 1,943,000 in FY2006, a USPS spokesman, said the workforce cuts last,! Net reduction in jobs to lose tens of billions of dollars over the decade. Paid their full actuarially determined contribution in 2019, according to Census data. Pension plan has only 68 percent of the process since you authorize to! From 2019 in 2007, according to Census Bureau data, press or say “ 1. ”.! Offer this necessity by its services in handling the nation mails and carriers.. Addresses USPS ’ current liabilities total $ 89.3 billion, PRC said, dwarfing its $ 26.7 in... And, thus, no interest is earned its partners to serve me targeted ads ’ s.! A decline of 9.6 % attacked by dogs during 2018 in Houston, the of. Fully fund the system in the United states from 1990 to 2018 starting to decline are considered! 2,972,000 number of usps employees 2018 2,710,000 most incidents of about 130,000 non-career employees towards tumbling interest rates as the COVID-19 continues! Need to know including revenue number of usps employees 2018 employees, trucks, packages, etc at least know. Civilian employees as the Law Requires January 12, 2021 towards tumbling interest rates as the number of in! Would be if I quit the USPS retiree health care reform coincided with significant declines in revenues and news. Annual operating revenue 5.29 % increase from 2017 footing the bill for today ’ s surprise!
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