From the article: "...Under heavy pressure from Congress, the U.S. Postal Service is shelving plans to close up to 3,700 post offices and instead will offer $20,000 buyouts to 21,000 postmasters as a way to save money. As a result, some 13,000 communities will be able to keep their local post offices, but with reduced customer service hours..."
From the article: "...The measure would tap most of an estimated $10.9 billion overpayment in the Federal Employees Retirement System to pay down postal service debt and use up to $2 billion on buy-out packages to entice long-time employees to retire...."
From the article: "...they unveiled a new plan that would require the federal government to return about $7 billion to the Postal Service that it has paid over the years into a federal retirement account. The money, Democrats said, could be used to offer buyouts or early retirement incentives to eligible postal workers...."
