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USPS presses pause on contributions to pension plan

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The U.S. Postal Service announced Thursday that it would temporarily stop payments for a federal pension program.

The USPS will pause $200 million payments every other week to the defined ​benefit portion of the Federal Employees Retirement System.

The cash-strapped USPS earlier this week received Postal Regulatory Commission approval for a temporary ​8% price hike for ​priority mail ⁠and package deliveries.

Read more from Reuters.

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