What is Meant by CSRS Pension Methodology?

Several employees have asked about the "current CSRS pension methodology."

We have asked Congress to take the following steps:
1. Resolve the Retiree health Benefits pre-funding requirement (both long and short term)
2. Solve the inequities present in the current CSRS pension methodology.
3. Repay the FERS overfunding of $6.9 billion.
4. Eliminate the requirement to maintain six-day delivery.
5. Allow USPS to make decisions more quickly and in a more business-like fashion regarding its retail facility and mail processing networks.

Answer: When the Post Office Department became the Postal Service on July 1, 1971, there was no change to postal employees’ retirement benefits. Employees who served prior to 1971 and continue to serve are covered by both the federal government and the USPS. Currently, USPS is responsible for meeting CSRS for employees who started after 1971. The current methodology used to allocate CSRS obligations for employees with service prior to July 1, 1971, is not based on years of service and is inequitable to USPS.