Postal Service plans to Default on $5.5 billion bill which could affect current employees

The U.S. Postal Service is expected to default a huge debt owed to the government in the amount of $5.5 billion dollars. The US Postal Service has made it known that it is experiencing financial struggles which may have an effect on thousands of job holders. It is unable to pay toward retiree health benefits. Day-to-day operations will remain in effect as normal but the agency’s debt is rising. Under a law passed by Congress in 2006, the postal service is required to pay $5.5 billion a year into a retiree health benefit fund. See

This situation may affect many employees and whether they will be able to retain their jobs. The Fair Labor Standards Act (FLSA) and other laws specifically govern which employees can receive overtime pay and the minimum amounts that employers have to pay. If your employer has tried to circumvent or change these rules for their own benefit, please consider our law office to represent you. The Fair Labor Standards Act (FLSA) establishes standards for minimum wages, overtime pay, recordkeeping, and child labor. The Act applies to employers that oversee employees who engage in interstate commerce, produce goods for interstate commerce, or handle, sell, or work on goods or materials that have been moved in or produced for interstate commerce. The Act covers the following regardless of their annual dollar amount in income: hospitals; institutions engaged in the care of the sick, aged, mentally ill, or disabled who reside on the premises; schools for children who are mentally or physically disabled or gifted; preschools, elementary and secondary schools, and institutions of higher education; and federal, state, and local government agencies. For more information, see

Our lawyers excel at helping its clients collect the compensation they have earned and the justice they deserve. If you or someone you know has been faced with a labor dispute, unpaid overtime, wage dispute, employer discrimination, or just looking to speak with an employment attorny, please contact our our office Leeds Brown Law, PC, 1-888-585-4658, One Old Country Road, Suite 347, Carle Place, NY, 11514-1851.