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Joy Sanzone of the USPS Office of Inspector General with Bob Levi (John Althen of the OIG in background)
During this week's episode of NAPS Chat, Joy Sanzone, Research Specialist at the Postal Service Office of Inspector General (OIG), talks with Bob about a recently issued OIG "White Paper" on the investment of Postal Service pension funds. Joy was the lead author of the White Paper. In part, the paper suggests that had past CSRS and FERS contributions been invested in stock and bond index funds, the value of the USPS and employee contributions would have grown to $1.2 trillion, rather than the current balance of $298 billion. Under current law, CSRS and FERS contributions must be invested in low-yield U.S. Treasury securities. Joy and Bob discuss the implications of a change in investment strategy.
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