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The United States Postal Service recently announced that it will immediately suspend payment of the employer portion of the contributions for all Federal Employee Retirement System (FERS) retirements. The Civil Service Retirement System (CSRS) was not included in the announcement and will not be affected. The situation is still developing and we will continue to update the OPM website as information becomes available.
Current USPS retirees and employees who retired before June 3, 2011, will not be impacted by this announcement and there will be no negative impact on future postal employees’ retirement. While the matter is under consideration, it is our hope that the issue will be resolved as quickly as the law allows.
OPM has issued a statement regarding this issue which can be found on our web-site. The link to the statement is: http://www.opm.gov/news/statement-by-us-office-of-personnel-management-on-postal-services-decision-to-suspend-fers-annuity-contributions,1674.aspx
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