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USPS wants to overhaul health, retiree benefits

The General Accounting Office released a report Thursday endorsing the U.S. Postal Service's idea to withdraw its retirees and current employees from the federal health plan and start its own.

By Paula Aven Gladych | Updated on September 26, 2013
U.S. Postal Service letter carrier, Jamesa Euler, delivers mail, in Atlanta. (AP Photo/David Goldman, File)

The Government Accountabilty Office released a report Thursday endorsing the U.S. Postal Service’s idea to withdraw its retirees and current employees from the Federal Employee Health Benefit Program and start its own health plan.  

The GAO said the Post Office would save a great deal of money in doing this and eliminate its unfunded retiree health benefit liability.

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