Postmaster General John Potter is standing by his agency’s policy of paying the full cost of health insurance premiums for senior executives. According to a recent audit, the U.S. Postal Service could save about $567 million in fiscal 2011 if its employee contribution rate matched that of the federal government. For most employees, the Postal Service contributes 79 percent, compared to 72 percent elsewhere in the government.
But postal executives don’t do as well as feds in other ways, Potter suggested at an end-of-the-fiscal-year news conference Friday.
“Postal managers do not get locality pay,” he said. “Postal managers only get raises if they perform.”
While not ruling out changes, Potter added: “I believe our total compensation package is fair.”