The United States Postal Service announced it will temporarily suspend employer contributions to federal retirement annuities to preserve cash amid a severe financial crisis.

The agency also proposed raising postage rates, including increasing the price of a Forever stamp to 82 cents, pending regulatory approval.

Officials said the move is intended to maintain payroll, supplier payments, and mail service, while warning the United States Postal Service could run out of cash by 2027.

Retirement contributions for current workers and other benefits are expected to continue without immediate impact, though the decision reflects long-standing financial strain, Politico has reported.

The United States Postal Service also faces declining mail volume and multi-billion-dollar annual losses, prompting calls for broader congressional reforms.