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Postal Service's Fiscal Year 1981 Workers' Compensation Adjustments

GGD-83-29 Published: Jan 06, 1983. Publicly Released: Feb 07, 1983.
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Highlights

In response to a congressional request, GAO reviewed the Postal Service's adjustments to its estimated workers' compensation liability in its fiscal year (FY) 1981 financial statements. The adjustments increased the FY 1981 net loss by approximately $538 million.

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Accounting proceduresDebtFinancial managementPostal service employeesWorkers compensationInterest ratesFinancial statementsFunding shortfallWorkers' compensationPostal service