US Postal Service could use pensions surplus to boost business

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US - The US Postal Service (USPS) could use at least $5.5bn in pension fund overpayments to address its financial concerns, according to a new audit.

In a report into its over-funding, USPS found a $6.8bn surplus in contributions to the Federal Employees Retirement System was hindering its ability to operate efficiently. USPS deputy assistant...

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