Statement of Joseph Corbett, Chief Financial Officer United States Postal Service
The Postal Service is encouraged by the Presidentâ€™s recognition of the Postal Serviceâ€™s financial situation. We look forward to working with the Administration and Congress in the coming year on CSRS and FERS over-funding, the retiree health benefit pre-funding requirement, delivery flexibility and retail access.
The Postal Service strongly supports the Administrationâ€™s commitment to the principles outlined in the budget:
- Realign Postal infrastructure, facilities, processing and delivery systems to continuously improve efficiency;
- Promote an adaptive 21st Century Postal workforce; and
- Accelerate value creation and enhance service to the public while respecting fair competition in the marketplace.
The Administrationâ€™s commitment, together with ongoing Postal initiatives within existing structures, will help put USPS on a path toward financial stability.