By now, direct marketers should have heard the fantastic news about the Office of Management and Budget’s recalculation of the U.S. Postal Service’s Civil Service Retirement System deferred liability.
OMB has learned that the investments made for postal retirees over the past 15 years have appreciated sufficiently to cut the postal service’s CSRS liability from $32 billion to $5 billion. This recalculation has the potential of providing the USPS with a fiscal windfall that could drastically change its revenue needs over the next few years.
The actualization of this windfall, however, hinges on our industry’s ability to win from Congress legislation that would change how the USPS calculates and makes its retirement obligation payments
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