Mr. Cihota discussed, “Update for Measuring Pension and Retiree Health Benefits Liabilities,” an audit report published by the OIG on May 2, for which he served as lead author. The sobering report analyzes Postal Service pensions and retiree health benefits liabilities and assets projections, and the likely impacts, including for taxpayers,...
The magnitude of the U.S. Postal Service’s unfunded liabilities for its retiree pensions and health benefits imperils the agency and its workforce. Now a Congressional proposal seeks to brighten the agency’s future finances – by shifting these liabilities onto federal taxpayers through the Medicare system. To read the rest of this...
Chairman Taub was confirmed by the Senate for a second term in December 2016. He served as vice chairman in 2013 and as Acting Chairman from December 2014 to December 2016. He was first confirmed to the Commission in October 2011, following an accomplished career with the Army and House...
Carfentanil is an opiate 10,000 times more powerful than morphine. And since last summer, it's been killing addicts and confounding first responders across the country. The drug was never intended to be consumed by humans. But it has been used to kill and immobilize humans — reportedly, in assassination attempts and...
International shipping of packages has become an important cog in the global economy, fueled by a growth in e-commerce averaging 19 percent a year since 2000. E-commerce makes it possible for Americans to order goods from China, Hong Kong, Singapore, India, and other countries literally with the click of a...