The Postal Service's Office of Inspector General has strengthened the case made by NALC over the past three years that the Office of Personnel Management badly miscalculated the postal surplus in the Civil Service Retirement Fund. A new special report issued by OIG’s investigative research unit shows USPS was overcharged by an astounding $75 billion for pension liabilities that should be paid for by the U.S. Treasury since they relate to service performed before USPS was created in 1971. This miscalculation means the onerous schedule of prefunding payments included in the Postal Accountability and Enhancement Act of 2006 is grossly inflated, since the Postal Service Retiree Health Fund was shortchanged by OPM when it transferred the postal surplus into the fund in 2007. “NALC is encouraged by the OIG’s findings since it confirms what we have been saying for years to Congress,” NALC President Fred Rolando said. “This report will help us make the case for fundamental reform.”

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