UPS goes back to court on USPS costing methodology

(This article was first reported on savethepostoffice.com on July 16, 2018)

The United Parcel Service has gone back to court to continue its challenge of a ruling by the Postal Regulatory Commission concerning how the Postal Service determines the costs of its products.

In September 2016, the Commission, in Order No. 3506, denied a petition by UPS proposing changes in the way the Postal Service allocates costs among its various products.  UPS then petitioned the D.C. Circuit Court of Appeals for review.  In May of this year, a three-member panel of the Court rejected the UPS appeal.

Earlier this month, UPS filed a new petition, this one for a “rehearing en banc,” asking the full Court to reconsider the panel’s earlier decision. The petition is available here.

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Your TSP account: Surviving the coming correction

(This article was first reported on federalnewsradio.com on June 15, 2018)

You know it’s coming. A major stock market correction is well overdue, according to historical averages. That’s something to keep in mind whether your Thrift Savings Plan account is in stocks, such as the C, S and I funds, or bonds, such as the F Fund. Or it could be in the G Fund composed of special Treasury securities, or in any of the automatically adjusting lifecycle L Funds.

It’s your money. A major portion of your retirement nest egg which, if you are under the Federal Employees Retirement System, will provide one third to one half of all the cash you have to spend in retirement.

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Building Support in Congress for our Fight Against Privatization

The House Committee on Oversight and Government Reform held a hearing today on the Government-Wide Restructuring Plan proposed by the White House.  Our concerns regarding the plan put together by the Office of Management and Budget to privatize the Postal Service were well articulated by Congresswoman Brenda Lawrence. Below is the link to her line of questioning for Deputy Director for Management, Margaret Weichert.  After you watch the video, what are your thoughts? Leave your feedback below.

https://ytcropper.com/cropped/9H5b33fe8616b5f