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Tuesday, August 30, 2011

No Workers' Comp For Feds If USPS Defaults

The Labor Department warns it won't be able to make workers' comp payments to federal employees if the Postal Service fails to make a $1.2 billion payment by October.
 
In June, USPS said it would suspend advance payments to the Federal Employees Retirement System in order to have cash on hand to pay employees and bills.
 
USPS has repeatedly claimed that it has a FERS account surplus of $6.9 billion.

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