RECENT EVENTS INDICATE THAT 2010 SHOULD BE A VERY INTERESTING YEAR. THE U.S. POSTAL SERVICE HAS OVER FUNDED THE CIVIL SERVICE RETIREMENT FUND BY MORE THAN $75 BILLIONS DOLLARS.
IF THE U.S. CONGRESS AGREES TO RETURN THAT MONEY TO THE POSTAL SERVICE THEY WILL WIPE OUT THE DEFICIT OF 2008, 2009, AND THE PROJECTED SHORTFALLS IN 2010 AND 2011.
IF THE USPS CAN GET THIS MONEY BACK IT WILL LIKELY SAVE THE POSTAL SERVICE AS WE KNOW IT AND GET US THROUGH THE CURRENT RECESSION.
IN AUGUST WE WILL BEGIN THE PROCESS OF CONTRACT NEGOTIATIONS. THE APWU IS PREPARED FOR THE BIGGEST FIGHT WE HAVE HAD IN RECENT YEARS AS WE ATTEMPT TO RE-TAIN BENEFITS SUCH AS COST OF LIVING RAISES AND THE NO-LAYOFF CLAUSE WE CURRENTLY ENJOY.
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