NAPS: OPM Legislation Would Slash Retirement Benefits

May 10, 2018

 

OPM Legislation Would Slash Retirement Benefits

Happy Public Service Recognition Week! As the Washington Post reported, that’s what the head of the Trump Administration’s central personnel agency said on the eve of PSRW last Friday when he sent to Congress a package of unprecedented Office of Personnel Management (OPM) proposals to strip major benefits from the federal and postal employment compensation package. Continue reading

A soaring federal deficit spells danger for letter carriers

From the National Association of Letter Carriers:

On Monday, April 24, the Congressional Joint Committee on Taxation released a report on the 2017 tax bill and its effect on U.S. taxpayers. The press stories focused on the winners and losers from the tax cuts – most notably, that 87 percent of the tax cuts go to corporations and the wealthy, and that millionaires stand to reap $17 billion from the legislation in 2018 alone. Continue reading

NALC statement on Trump USPS task force order

From the National Association of Letter Carriers:

Today, President Trump issued an executive order (viewable here) to form a task force charged with evaluating the finances of the U.S. Postal Service including pricing, policies and workforce costs. The order is a likely result from the president’s recent interest in the Postal Service’s partnership with Amazon and the assumption that the Postal Service does not profit from that partnership (view NALC’s response here). Continue reading

Author of Citi Research report cited by Trump: “We never said Amazon is getting a $1.50 subsidy”

Yesterday Donald Trump continued his error filled tirades against Amazon and the US Postal Service, this time citing a report he claimed (falsely) had “just come out” and supported his charge that the USPS is subsidizing Amazon. Other analysts have pointed to serious flaws in the report, but now even the report’s author says it doesn’t prove what Trump claims it does:

From Business Insider:

He seems to be referring to a 2017 Citi Research report that has frequently been cited by people criticizing Amazon’s use of the USPS.

However, according to the author of the report, Trump has the wrong interpretation. “We never said Amazon is getting a $1.50 subsidy,” Citi analyst Christian Wetherbee told Business Insider on Monday in a discussion of misinterpretations of the report, which actually says the loss per package is roughly $1.46 for the USPS.

Wetherbee continued: “If you read what that number is, it’s the total package business is priced below cost. It has nothing to do with Amazon specifically.”

Source: Trump slips up in Amazon-Post Office war – Business Insider