Posts Tagged ‘Finances’
New Business Mail Acceptance and Verification Process — Friend or Foe?
Posted by Field Financial Central - sb | Filed under Finances: Cost & Revenue
The Sarbanes-Oxley (SOX) Act of 2002 grew out of large corporate financial scandals. SOX aims to improve corporate governance and enhance the accuracy of financial reporting. While compliance is required by the Postal Act of 2006, the Postal Service believes it is a great way to make its business stronger. SOX helps target areas of [...]
Tags: accounting, business mail, Finances, policies, postal service, PostalOne!, Processes, Sarbanes Oxley, SOX
Is the Price Right?
Posted by RARC Host da | Filed under Pricing & Rates
The Postal Accountability and Enhancement Act of 2006 (PAEA) ushered in a new regulatory structure for the U.S. Postal Service. One key element was a price cap on market dominant products. (Most of the Postal Service’s products are market dominant.) This means that price increases for market dominant products are capped by the rate of [...]
Tags: Consumer Price Index, exigent rate, Finances, financial crisis, first class, PAEA, Postal Accountability and Enhancement Act, Postal Regulatory Commission, postal service, price increase, revenue, stamps
Should the Postal Service request financial relief from the $6.8 billion FERS surplus?
Posted by Financial Reporting Host ML | Filed under Labor
The Federal Employees’ Retirement System (FERS) is one of the retirement programs of the U.S. government, and benefits are extended to U.S. Postal Service employees. FERS is administered by the Office of Personnel Management (OPM). Congress established the guidelines for OPM to set contribution rates and can alter them by passing new law or amending [...]
Tags: Congress, FERS, Finances, financial crisis, OPM, overcharged, postal service, retirement plan
Disappearing Collection Boxes
Posted by RARC host | Filed under Delivery & Collection
News about disappearing collection boxes is everywhere these days. Even BBC News ran a story on the decline of the blue collection box in the United States. The Postal Service argues that picking up mail from collection boxes is expensive. Removing underused boxes is a cost savings move and a reasonable response to the economic [...]
Tags: Finances, mail boxes, Mailing Services, postal service
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