by clicking on the page. A slider will appear, allowing you to adjust your zoom level. Return to the original size by clicking on the page again.
the page around when zoomed in by dragging it.
the zoom using the slider on the top right.
by clicking on the zoomed-in page.
by entering text in the search field and click on "In This Issue" or "All Issues" to search the current issue or the archive of back issues respectively.
by clicking on thumbnails to select pages, and then press the print button.
this publication and page.
displays a table of sections with thumbnails and descriptions.
displays thumbnails of every page in the issue. Click on a page to jump.
allows you to browse through every available issue.
Federal Employees News Digest : Aug 19, 2013
administration did everything it could under the [legislative] circumstances. And we never turn down a chance to strengthen these rights, even if it’s not as much as we’re seeking. USPS Q3 finances: Good and bad The U.S. Postal Service posted a net loss of $740 million in its fiscal third quarter. So far this fiscal year, USPS has reported a total net loss of $3.9 billion. USPS said a continued decline of first-class mail volume and the continuance of six-day mail delivery were among the ongoing causes of the organization’s losses in the quarter. The statutory requirement for USPS to prefund retiree health benefits also continued to weigh on the Postal Service’s fiscal picture. At the same time, USPS said things would have been worse had it not taken “aggres- sive” actions to hold down costs and boost efficiency. USPS argued, as it has over several years, that the organization will not become profitable and solve its financial problems until Congress passes a comprehensive postal reform package. “We are encouraged that comprehensive postal reform legislation has started making its way through the legislative process in both the House and Senate,” Postmaster General and CEO Patrick Donahoe said in a statement. The upside But there also was good news: Third- quarter operating revenue grew 3.6 percent compared to the same period last year, and revenue for the first nine months of fiscal 2013 was up 1.3 percent. The gains came from growth in shipping and package ser- vices, as well as “moderate” increases in stan- dard mail revenue. Operating revenue in the quarter reached $16.2 billion, up from $15.6 billion in last year’s quarter; operating rev- enue for the nine-month period ending June 30 was $50.2 billion, up from $49.5 billion for the first nine months of the prior fiscal year. While total mail volume and first-class mail revenue continued to fall, USPS grew its shipping and packages revenue by 8.8 percent in the third quarter over the same period last year. Union seizes on gains One postal union leader focused on the growth numbers in the report, saying they demonstrate that USPS finances “are rebound- ing strongly as the U.S. economy improves.” Fredric Rolando, president of the National Association of Letter Carriers, said USPS would have reported a profit of $660 million in the third quarter of fiscal 2013 without a $1.4 billion payment to pre-fund retiree health benefits. He also pointed to the 3.6 percent jump in operating revenue for the period compared to last year. “That good operating picture was fueled by a sharp 8.8 percent rise in package deliv- ery revenue from online orders, which offset the effect of online bill-paying, as well as by workers’ compensation interest adjust- August 19, 2013 Vol. 63, No. 5 4 Visit us on the Internet at www.FederalDaily.com continued from page 3 for Federal Employees Life Insurance Guide Life Insurance for Federal Employees - 2013 Edition Get answers to questions about life insurance for feds - topics include: · Individual term insurance and comparisons with FEGLI · Cash value (permanent) insurance · Life insurance options for the terminally ill · Considerations for federal employees nearing retirement · And more! Now is a great time to educate yourself about FEGLI and understand your choices to meet your current and future life insurance needs. www.FederalDAILY.com/catalog or 800.989.3363 ORDER THE 2013 EDITION TODAY! continued on page 8
Aug 12, 2013
Aug 26, 2013