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they reduced the cost of a first class stamp from 5 cents to 3 cents
with no change for 30 years
The postal service asked for a 5.6% raise which would have meant now paying 46 cents for first class mail. This was to cover its $3.5 billion net loss. The Postal Regulatory Commission said that they had failed to justify the request and told them that its most pressing problem is their $5.5 billion payments to a retiree pension fund, which are required by law.
American Postal Workers Union.
A typical full-time USPS mailman starts about $42,000 a year base salary with rural mailmen starting at $52,000.
Retirement benefits.
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