Mailers' Technical

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Mailers' Technical Advisory Committee
Financial Update
November 6, 2002
Richard J. Strasser, Jr. Chief Financial Officer
Executive Vice President
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Work Hours Change
FINANCIAL UPDATE
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Cumulative Work Hour Reductions
FINANCIAL UPDATE
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FINANCIAL UPDATE
Complement Trend FY 2000 FY 2003
Data Does Not Include IG, PM Relief Rural
Sub/RCR
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Total Delivery Trend
FINANCIAL UPDATE
FY 2001
FY 2002
FY 2000
FY 2003
(Data in Millions)
Note AMS Data - City, Rural, PO Box, HCR
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Total Mail Volume
FINANCIAL UPDATE
FY 2000 207.9B pieces
FY 2003 Plan 205.7B pieces
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CIVIL SERVICE RETIREMENT SYSTEM (CSRS)

• Agency 7

• Estimated Actual Cost 24.4

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CIVIL SERVICE RETIREMENT SYSTEM (CSRS)
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FERS - 1987
FEDERAL EMPLOYEES RETIREMENT SYSTEM
Fully Funded!
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USPS Portion
CIVIL SERVICE RETIREMENT SYSTEM (CSRS)

• 1974 Law USPS Will Pay for Full Annuity
• (Any Pay Increases Generated Increased
• Annuity Payments)

• USPS Pay Over 30 years at 5 Interest

• OBRA 1990 1993 Added All Increases
• in Annuities (CPI) to Pay 15 years at 5

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Current USPS Employees
CIVIL SERVICE RETIREMENT SYSTEM (CSRS)

• CSRS 240K

• FERS 510K

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USPS Portion - FY 2002 Dollars
CIVIL SERVICE RETIREMENT SYSTEM (CSRS)
Current Fund Balance
Amount Required
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USPS Portion FY 2002 Dollars
CIVIL SERVICE RETIREMENT SYSTEM (CSRS)
Current Fund Balance
Amount Required
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FY 2003
CIVIL SERVICE RETIREMENT SYSTEM (CSRS)

• Budget
• Current Employees (7) 734 M
• 30 Year Payments 2,689 M
• 15 Year Payments 1,284 M
• Total 4,707 M
• Proposed
• Current Employees (17.4) 1,800 M
• 2.9 B

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FY 2004
CIVIL SERVICE RETIREMENT SYSTEM (CSRS)

• Forecast
• Current Employees (7) 702 M
• 30 Year Payments 2,655 M
• 15 Year Payments 1,382 M
• Total 4,739 M
• Proposed
• Current Employees (17.4) 1,721 M
• 40 Year Payments 400 M
• Total 2.6 B

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Mailers' Technical Advisory Committee
Financial Update
November6, 2002
Richard J. Strasser, Jr. Chief Financial Officer
Executive Vice President