USPS Proposed Rate Changes

USPS announced their proposal for a major overhaul of pricing and services over the next ten years in an effort to stay financially afloat. Read the USPS press release here.

Rate changes in a nutshell…

• 1oz letter rate will change from 55c to 58c

• Additional ounce stays the same (20c), so the rate for a 2oz letter will be 78c

• Postcards will go from 36c to 40c

• International letters increase from $1.20 to $1.30

But that’s not all! USPS will also eliminate the pre-funding of health benefits for retirees, integrating their healthcare with medicare. Additionally, they are widening their promised windows of delivery so that they can hit a 95% “on time” target. They are proposing to change post office hours and consolidate post offices as well.

It’s a lot! However, USPS has seen a 28% decrease in letters over the past 10 years. The democrats are proposing alternative bills, however, that would be less detrimental. Stay tuned! This is a nail biter.