22 U.S. Postal Service announced that it wil

22 U.S. Postal Service announced that it will temporarily suspend the federal employees defined-benefit retirement system account payments. This is the latest savings institution operations.

U.S. Postal Service said in a statement to suspend the transfer of funds to the pension account of the decision will take effect June 24. Previously, the agency to the account every other week to pay about $ 115 million fund. Currently, the pension account surplus of $ 6.9 billion.

Since a large number of post offices in the loss of its operating state, the United States Postal Service has said in this fiscal year may be difficult to sustain its financial, so the agencies are implementing layoffs, the post office integration action to save more costs. The statement said that suspension of payments to retirement accounts will help the United States Postal Service in the fiscal year end to save about 8 billion dollars.

United States Postal Service said that in the past four fiscal years, a total of 11 million people laid off, saving $ 12 billion. In addition to their ability to work within the savings, but the agency also developed a statement calling on Congress to help the body repair the financial stability of the law.

U.S. Postal Service is a self-government business, formerly known as the United States Postal Department in 1971 to its present name. The company is the most extensive U.S. postal service agency, is the world's largest postal service company, but because of large-scale and poor management staff, are facing the risk of bankruptcy.