Editor’s note: The video above aired in a previous newscast.
NEW YORK (PIX11)—United States Postal Service employees in New York City, New Jersey, and Connecticut are expected to see a temporary halt in employer contributions to the Federal Employees Retirement System annuities, affecting nearly 40,000 workers.
The Postal Board of Governors decided to forgo pension payments to preserve cash amid the Postal Service’s ongoing financial crisis, which may cause cash to run out by February 2027, according to the agency.
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This move impacts workers in the tri-state area and 99% of all postal workers nationwide. Benefits suspension starts Friday, according to a Frequently Asked Questions and talking points obtained by PIX11 News…